Reportedly, Disney’s (DIS) streaming video subscriber growth has slowed down recently as per the internal data that The Information reviewed. The reports informed that Disney+ had little more than 110 million total subscribers late in the third fiscal quarter versus 103.6 million in the second quarter, which missed expectations for 109 million. U.S. and Canada combined totals accounted for 38 million subscribers, up from around 37 million in early February, meaning most of the growth in Disney’s streaming service is coming from India and Latin America.
Disney has been expanding its streaming business with dozens of new shows, but it is not expected to become profitable until fiscal 2023. The entertainment giant previously estimated it would notch 230 million to 260 million subscribers by 2024, but as the lockdown opens and more people head to theaters and other entertainment venues, streaming subscriber growth is anticipated to slow down.
Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page.
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