Disney+ Lost SUBS | Cracking Down on Password Sharing to Boost Revenue

During Disney’s Q1 earnings call it was reported Disney+ lost 1.3 million subscribers from their last quarter (2023 Q4).

Disney CEO Bob Iger has maintained the Disney+ will become profitable by Q4 of 2024, but the company is constantly making adjustments in order to get more money out of it. These changes have included numerous price hikes, ad supported tiers, and a crackdown on password sharing coming soon.

Sources:
►Variety:
Disney+ Drops 1.3 Million Subscribers Amid Price Hike, Streaming Loss Shrinks by $300 Million
https://variety.com/2024/tv/news/disney-plus-subscribers-down-price-hike-q1-2024-earnings-1235900093/

►Deadline:
Bob Iger Says Netflix-Like Password Sharing Plan On Disney+ And Hulu Will Help Streaming Unit Reach “Margins That We Feel Good About”
https://deadline.com/2024/02/disney-streaming-password-sharing-netflix-bob-iger-1235818554/

#Disney #DisneyPlus #BobIger

Where to find me
►X: https://twitter.com/Cultural_Break
►Facebook: https://www.facebook.com/profile.php?id=100095491027673
►YouTube: https://www.youtube.com/@CulturalBreakdown