Why is Disney Plus losing customers?

Disney+ lost roughly 11.7 million subscribers worldwide in the three months that ended July 1, for a new total of 146.1 million. All the decline came from a low-priced version of Disney+ in India. Last year, Disney lost a bid to renew the expensive rights to Indian Premier League cricket matches.



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As the company shifted to streaming, it seemed set up to lap Netflix and eat the box office at the same time. But today, Disney's stock is at a nine-year low. Operating margins are down 75 percent. Disney+ lost $4 billion last year.

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Disney World's crowds are getting smaller, signaling that the high entry costs to the theme park as well as competition from other destinations may be taking a toll on attendance, Wall Street Journal reporter Jacob Passy told CBS News.

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The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2023. BURBANK, Calif. —The Walt Disney Company (NYSE: DIS) today reported earnings for its third quarter and nine months ended July 1, 2023. Revenues for the quarter and nine months grew 4% and 8%, respectively.

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Disney World Is Quickly Compensating for Low Attendance According to a recent article in The Motley Fool, while the Magic Kingdom and the other theme parks have been losing attendance, it has actually increased costs of Guests across the board and unrolled so many paid-for features to more than make up for it.

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Limited shade areas, long lines, crowded parks, and the cost of beverages may put some off from visiting the park in the summer months when hotter temperatures can be unsafe and problematic for visitors — especially those with children.

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