this post was submitted on 08 Feb 2024
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389
Disney+ Drops 1.3 Million Subscribers Amid Price Hike, Streaming Loss Shrinks by $300 Million (variety.com)
submitted 9 months ago by [email protected] to c/[email protected]
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Disney+ Drops 1.3 Million Subscribers Amid Price Hike, Streaming Loss Shrinks by $300 Million::Disney+ lost 1.3 million subscribers in the final quarter of 2023 amid a hefty price hike that went into effect last fall

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[–] [email protected] 19 points 9 months ago (1 children)

When greed backfires it’s glorious! Plus the more streaming services pop up, the more people will pirate; we’ve regressed back into the cable TV era all because the suits are greedy bastards and deserve to lose every subscriber.

[–] [email protected] 17 points 9 months ago (1 children)

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.

That doesn't really sound like it backfired to me. They lost subscribers but made more money.

[–] [email protected] 3 points 9 months ago (2 children)

I don't even know what it means to "narrow" ones losses.

[–] [email protected] 5 points 9 months ago

Suppose one year you spend $60k, but only earned $50k. You lost $10k.

The next year, you spend $57k, and earned $53k. You lost $4k, and your losses narrowed by $6k.

[–] [email protected] 4 points 9 months ago

They lost less than the year before