Disney reported its performance in the past quarter, revealing a surge of 6.9 million new subscribers for its streaming service, Disney+. The total number of accounts now stands at 112.6 million. The standout content for the quarter includes the movies “Elemental,” “Little Mermaid,” and “Guardians of the Galaxy Vol. 3.” In terms of original series, “Ahsoka” and the Korean series “Moving” were the highlights.
This growth has led to a specific revenue increase of 12% for the Direct-to-Consumer business segment, totaling $5.036 billion. Operating losses have decreased to $420 million.
During the update on the earnings call, Disney CEO Bob Iger provided insights into what’s to come after Disney acquires full control of Hulu. The company plans to launch a combined Disney+ and Hulu app exclusively for customers in the United States. The beta testing phase for this app will begin in December. This move will consolidate all the content into one app, reducing costs on both the Disney side and for customers.
TLDR: Disney’s streaming service, Disney+, gained 6.9 million new subscribers in the past quarter, reaching a total of 112.6 million. The quarter’s highlight content includes movies such as “Elemental,” “Little Mermaid,” and “Guardians of the Galaxy Vol. 3,” as well as the series “Ahsoka” and the Korean series “Moving.” With an increase of 12% in revenue for the Direct-to-Consumer segment, totaling $5.036 billion, Disney CEO Bob Iger announced plans to launch a combined Disney+ and Hulu app for customers in the United States, reducing costs and streamlining content. Beta testing for the app will start in December.