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Disney beats expectations as Disney+ Soars to 152 million subs. Price hikes + ads coming.
Posted on 8/10/22 at 3:43 pm
Posted on 8/10/22 at 3:43 pm
quote:
The Walt Disney Co. powered up a strong June quarter, highlighted by a 14.4 million gain in Disney+ streaming subscribers and a robust rebound in theme park revenue — topping Wall Street expectations on most metrics.
Disney+ paid customers stood at 152.1 million as of July 2, the end of the conglomerate's third quarter of fiscal 2022. The pickup of 14.4 million for the flagship streamer beat analyst forecasts of a 10 million sequential gain.
quote:
Disney reported $21.5 billion on the top line for the quarter ended July 2, up 26% year over year and fueled by a 70% revenue jump in the parks, experiences and products segment. Net income rose 53%, to $1.4 billion, translating into adjusted earnings of $1.09 per share. Wall Street analysts on average expected Disney revenue coming in at $20.62 billion with earnings of $1.00 per share, per Refinitiv data.
quote:
Disney+ Basic, which is the name of the plan with ads, will launch Dec. 8 in the U.S. for $7.99/month. That's the price of the current ad-free version of Disney+, which at that time will bump up to $10.99/month, a 38% increase, and will be known as Disney+ Premium.
The ad-supported version of Disney+ will include all the same content that is available in the ad-free tier, although some titles may not run advertising, according to the company.
Disney+ Basic will launch with about four minutes of ads per hour. It will start with 15- and 30-second spots but will expand to a "full suite of ad products" over time
LINK
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Posted on 8/10/22 at 4:07 pm to Cs
But if you go woke you go broke right?
Posted on 8/10/22 at 4:07 pm to Cs
frick, more pedophiles will happen now.
Posted on 8/10/22 at 4:12 pm to Cs
Price hike and ads is a terrible combination.
That's gonna piss people off.
That's gonna piss people off.
Posted on 8/10/22 at 4:22 pm to Cs
quote:
Disney+ Basic, which is the name of the plan with ads, will launch Dec. 8 in the U.S. for $7.99/month. That's the price of the current ad-free version of Disney+, which at that time will bump up to $10.99/month, a 38% increase, and will be known as Disney+ Premium.
classic Disney
Posted on 8/10/22 at 4:25 pm to Cs
quote:
Disney+ Basic will launch with about four minutes of ads per hour. It will start with 15- and 30-second spots but will expand to a "full suite of ad products" over time
Yeah I can live with 4 minutes an hour.
We’ll see if that’s worth saving 36 dollars a year.
Posted on 8/10/22 at 4:39 pm to whiskey over ice
Wait til they start putting the classic movies in the Disney+ vault which can be only be unlocked by the Disney+ Super Premium subscribers at $15.99/month
Posted on 8/10/22 at 4:55 pm to iwyLSUiwy
quote:
But if you go woke you go broke right?
:chefskiss:
Posted on 8/10/22 at 5:10 pm to Green Chili Tiger
Look I don’t like the woke BS anymore than the next guy, but the parks are as packed as its ever been
Our good friend is a Disney travel agent and said she’s never been busier
Our good friend is a Disney travel agent and said she’s never been busier
Posted on 8/10/22 at 6:16 pm to Cs
There is a theory floating around that Bob Chapek is actually trying to weed out the woke bullshite. All of these goofy arse movies coming out of pixar were greenlit from Bob Igers tenure and the people that are fighting back with the woke/trans agenda are all of Iger's hires. Its also why so many people in the media have been super critical of Chapek since he took over.
He just recently got extended by the board even after all of these disasters (lightyear/turning red) which tells me that the board trusts him to fix this mess. Its going to take some time, but I'm starting to buy into the theory more and more.
He just recently got extended by the board even after all of these disasters (lightyear/turning red) which tells me that the board trusts him to fix this mess. Its going to take some time, but I'm starting to buy into the theory more and more.
This post was edited on 8/10/22 at 6:17 pm
Posted on 8/10/22 at 6:31 pm to whiskey over ice
quote:
classic Disney
Pretty common business practice for streamers these days. Even Netflix is adding commercials.
Posted on 8/10/22 at 6:49 pm to Cs
lol the groomers aren't getting my money
Posted on 8/10/22 at 6:52 pm to dallastiger55
Yeah well, to millennials, Disney is status. If you aren’t making at least one pilgrimage to Orlando a year, you aren’t living life. I can’t tell you how many schmucks I’ve listened to blather on about how many trips they took and what resort/package they employed.
Be interesting if the mouse keeps newer generations as enthralled. Bad Star Wars and comic book re-treads can’t stay interesting forever.
Be interesting if the mouse keeps newer generations as enthralled. Bad Star Wars and comic book re-treads can’t stay interesting forever.
Posted on 8/10/22 at 7:13 pm to FLBooGoTigs1
quote:
lol the groomers aren't getting my money
What TV channels are you watching LSU football on?
Posted on 8/10/22 at 7:15 pm to SoonerK
quote:
What TV channels are you watching LSU football on?
I illegally stream them.
Posted on 8/10/22 at 7:19 pm to iwyLSUiwy
quote:
But if you go woke you go broke right?
Not when you own a nerd's wet dream like the Marvel Cinematic Universe and Star Wars.
Posted on 8/10/22 at 7:22 pm to Cs
quote:
Disney+ Soars to 152 million subs
To infinity and beyond!
Posted on 8/10/22 at 8:00 pm to RollTide1987
quote:
Not when you own a nerd's wet dream like the Marvel Cinematic Universe and Star Wars.
And they have added shite to the parks over the years. Like the Star Wars stuff. You’ve got Harry Potter and Star Wars. The adult women that love Harry Potter is pretty strong. Same with adult men that love Star Wars.
Posted on 8/10/22 at 10:09 pm to Cs
quote:
Disney beats expectations as Disney+ Soars
Nice try
quote:
The price increases reflect the growing operating loss for Disney’s streaming services. Disney+, Hulu and ESPN+ combined to lose $1.1 billion in the third quarter, $300 million more than the average analyst estimate. The increased operating loss occurred even while Disney added about 15 million new Disney+ subscribers in the quarter, about 5 million more than analysts estimated.
* Disney+ with no ads is increasing $3 per month to $10.99
* Disney+ with ads will be $7.99 per month
quote:
Disney unveiled a new pricing structure that incorporates an advertising-supported Disney+ as part of an effort to make its streaming business profitable.
Disney announced last month that ESPN+ with ads would go up 43% to $9.99 per month.
Disney has stated it plans to lose money on Disney+ until 2024.
Posted on 8/10/22 at 11:04 pm to FLBooGoTigs1
quote:
lol the groomers aren't getting my money
I’m sure they are, somewhere.
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