Breitbart Reports: Disney’s traditional television business continues to decline with operating income at so-called linear networks dropping sharply by 11 percent to $1.1 billion in the last financial quarter.
Subscribers for the company’s flagship streaming video service, Disney+, slipped one percent from the prior quarter to 124.6 million, Reuters reports.
The company had warned of a drop in subscribers because of a price increase that took effect in October. It also forecast a modest decline in Disney+ subscribers in the second quarter, compared to the first.
Advertisers are also hesitant to engage with Disney+.
As Breitbart News reported, the streaming service is reportedly facing an exodus of advertisers from its ad-supported tier after subscriptions failed to meet expectations last year and several high-profile Star Wars and other Lucasfilm series flopped with viewers.
Comments
notwokeshows
from the old Disqus comment system
Feb 6, 2025
So predictable... just like the newspapers, they chase away subscribers with their ideological agenda, then jack up prices when the revenues plummet.