Disney+ Loses Subscribers For The First Time
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- 09 Feb 2023
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Disney+ loses millions of subscribers for the first time since its inception in late 2019, according to a recent quarterly earnings report.
Disney+ loses subscribers for the first time in its history. Launched in late 2019, Disney+ quickly became one of the most popular streaming services on the market by offering a combination of legacy Disney content and new Star Wars and Marvel streaming shows. Due to Disney's decreasing stock and other issues, Bob Iger was recently reinstated as CEO and is looking to lead to a "significant transformation" at the Mouse House. In terms of total subscribers, Disney+ has been consistently climbing, though still lags behind Netflix and Prime Video for the number one spot in the streaming world.
Now, Disney+ has suffered a subscriber loss for the first time ever. The company's quarterly earnings report (per Variety) reveals that Disney+ lost a total of 2.4 million subscribers during the last three months of 2022. This is the streaming service's first reported subscriber loss since its inception in late 2019. Right now, Disney+ stands at 161.8 million total subscribers. Read More…
