Record Decline: Why Disney+ Lost Another 4 Million Subscribers (2024)

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I'm an industry expert deeply immersed in the dynamic landscape of media and entertainment. With a wealth of hands-on experience and a comprehensive understanding of the evolving trends, I navigate the complexities of Hollywood, television, and the broader media industry. My insights are rooted in a robust foundation of knowledge, having actively participated in and closely observed the transformations shaping the sector.

Now, delving into the concepts introduced in the provided article snippets:

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    • The article discusses the trajectory of media companies, indicating a shift towards bundling and mergers and acquisitions (M&A) in 2024. The consolidation in the industry is likely driven by strategic efforts to navigate the competitive landscape and leverage synergies.
  2. The Top 10 TV Shows Returning In 2024, Including ‘Yellowstone’ And ‘Walking Dead’

    • This piece highlights the anticipation surrounding the return of popular TV shows in 2024, with a specific mention of shows like 'Yellowstone' and 'Walking Dead.' It reflects the ongoing trend of serialized storytelling and the enduring popularity of certain franchises in the television industry.
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    • The collapse of the Regional Sports Network (RSN) model is explored in this article, with a focus on how Major League Baseball (MLB) and the National Hockey League (NHL) are taking steps to ensure that all games remain accessible to viewers. This likely involves adapting to changes in consumer behavior and preferences for accessing sports content.
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    • The article sheds light on the use of TikTok by teachers for sharing insights into their profession, encompassing both positive and challenging aspects, along with lesson plans. This reflects the integration of social media platforms into educational practices and the evolving role of technology in teaching.
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    • This piece discusses studios revisiting the strategy of licensing TV shows and movies to compete with streaming giant Netflix. It suggests a dynamic shift in the distribution model and the ongoing efforts of traditional studios to stay relevant in the digital age.
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Record Decline: Why Disney+ Lost Another 4 Million Subscribers (2024)

FAQs

Record Decline: Why Disney+ Lost Another 4 Million Subscribers? ›

But more could be ahead, as Disney deals with the fallout from losing streaming rights to the Indian Premier League (IPL) cricket games, which had aired on the Indian version of the service, Disney+ Hotstar. Indeed, all the losses could be attributed to India, where subscriptions were off by 4.6 million.

Why did Disney+ lose so many subscribers? ›

Disney+ lost 1.3 million subscribers in the final quarter of 2023 amid a hefty price hike that went into effect last fall, but managed to narrow its streaming business' losses by $300 million during the October-December period.

Did Disney lose over a million subscribers since the price hike? ›

Following an October 12 price increase, the core Disney+ streaming service lost 1.3 million subscribers, the company revealed on Wednesday.

Has Disney been losing customers? ›

Disney's decision to increase subscription prices in 2023 resulted in the loss of over 1 million subscribers, confirming predictions that higher costs would lead to cancellations.

How many people canceled Disney Plus? ›

Another added: "The fact that it's still one of the cheaper streaming services says a lot about how expensive streaming is." Per Variety, Disney+ lost 1.3 million subscribers in the final quarter of 2023.

Is Disney losing money 2024? ›

Its health is improving dramatically on that front. The segment's $138 million operating loss in the first fiscal quarter of 2024 is a lot better than the $984 million deficit it checked in with a year earlier. CEO Bob Iger expects Disney+ to be profitable by the September quarter of this year.

How many subscribers has Disney Plus lost recently? ›

In the first quarter of 2024, the number of global Disney+ subscribers amounted to 149.6 million. This marked a decline of 12 million compared with the same quarter of the previous year, amid further price increases of the service in October 2023.

How is Disney plus doing financially? ›

Disney Plus has increased its revenue by 13% in 2023, generating over $8 billion for the media conglomerate.

What is Disney's largest revenue stream? ›

Entertainment is the largest segment for Disney thanks to its robust streaming business. Following closely behind is Disney's experiences revenue, which is quickly growing with a 7% increase year over year in the first quarter of 2024.

Does Disney plus include Hulu? ›

Disney Bundle Duo Basic: For $9.99/month you get access to Disney+ (With Ads) and Hulu (With Ads). Disney Bundle Duo Premium: For $19.99/month, subscribers can access Disney+ (No Ads) and Hulu (No Ads).

Why are people unsubscribing Disney? ›

According to Yahoo News, Cancel Disney Plus is currently trending due to price increases and password-sharing crackdowns. This past October, the ad-free Disney+ account went from $10.99 t0 $13.99, and additionally, passwords are no longer allowed to be shared.

Why is Disney losing Mickey Mouse? ›

According to US copyright law, the rights for a character expire 95 years after the publication of the original work. With Steamboat Willie debuting in 1928, January 2024 marked the expiration date for the short and Disney lost with Mickey Mouse copyright.

What rights is Disney losing? ›

Disney loses the reserved rights to the original Mickey Mouse in 2024: What does it mean? As of January 1, 2024, the Mickey Mouse character, in its original version, will no longer be protected by U.S. copyright.

Is Disney Plus going up in 2024? ›

Disney Plus, home to an extensive library of some of the best TV shows and movies, has just announced a price increase that will take effect from March 5, 2024.

Is Disney losing money? ›

Disney's direct-to-consumer unit reported a $138 million operating loss in the quarter. Including the performance at ESPN+, losses for all its streaming businesses narrowed to $216 million, from $1.05 billion in the prior-year period.

Why did Disney Plus remove so many movies? ›

According to sources, the takedowns were a result of a library title review. There have been several content purges at Disney+ over the last year amid cost-cutting, most notably the removal of a slew of original series last May.

Is Disney Plus subscription down? ›

No, we are not detecting any problems with Disney Plus right now. The last outage detected for Disney Plus was on Tuesday, April 16, 2024 with a duration of about 32 minutes.

How many subscribers can you have on Disney Plus? ›

Premium Plan subscribers can stream content on any 4 devices simultaneously, however, they can be logged in on 10 devices at any given time.

Is Disney Plus limiting users? ›

You may not share your subscription outside of your household. "Household" means the collection of devices associated with your primary personal residence that are used by the individuals who reside therein. Unlike Netflix, there doesn't appear to be a way to pay extra to add users from outside the household.

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