Breaking

Disney tops Netflix on streaming subscribers, sets higher prices - Reuters
Aug 11, 2022 54 secs
LOS ANGELES, Aug 10 (Reuters) - Walt Disney Co (DIS.N) edged past Netflix Inc (NFLX.O) with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials.

Five years later, Disney has edged past Netflix in total streaming customers.

The Mouse House added 14.4 million Disney+ customers, beating the consensus of 10 million expected by analysts polled by FactSet, as it released "Star Wars" series "Obi-Wan Kenobi" and Marvel's "Ms.

Combined with Hulu and ESPN+, Disney said it had 221.1 million streaming subscribers at the end of the June quarter.

Disney now projects between 215 million and 245 million total Disney+ customers by the end of September 2024.

For the first time, Disney broke out estimates for Disney+ Hotstar customers in India from the rest of Disney+.

Chief Financial Officer Christine McCarthy said Disney expected to add up to 80 million Disney+ Hotstar customers by September 2024, and between 135 million and 165 million others.

The company still expects its streaming TV unit to turn a profit in fiscal 2024, McCarthy said.

RECENT NEWS

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2024 365NEWSX - All RIGHTS RESERVED