During the fiscal quarter ended June 30, Disney+ Turned Profitable for the First Timeearning Disney $47 million in combination with the American company’s other streaming platforms, namely Hulu and ESPN Plus.
It took a few years for Disney+ to become profitable, as is normal for a service that initially aims to increase subscriptions, keeping the price low and turning a blind eye to issues such as Sharing profiles.
“The last one It was a strong quarter for Disneyled by strong Entertainment results, both at the box office and on demand, which allowed us to record streaming profits for the first time, ahead of expectations,” said Disney CEO Bob Iger.
Just in these days the company announced that it has added approximately One million new Disney+ subscribers between the US and Canada, reaching a total of 54.8 million subscribers. Hulu’s subscribers reached 51.1 million.
Goal achieved? Not really
It’s bizarre to think that just as Disney+ announced its first earnings, it increased its prices in the US, evidently trying to maximize the result in combination with a number of other strategies.
We are of course referring to the already confirmed block on sharing, which will prevent users from sharing their profile with friends and relatives when they don’t live in the same house, just like Netflix did some time ago, and (unfortunately?) with excellent results.
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