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Disney Streaming Adds More Subscribers Than Expected

Walt Disney Co. reported subscriber gains for its flagship streaming service that exceeded analyst estimates. Disney finished the second quarter with 137 million subscribers, up 33% from a year ago. Geetha Ranganathan of Bloomberg Intelligence is on “Bloomberg Markets: The Close.”

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Walt Disney Co. reported subscriber gains for its flagship streaming service that exceeded analyst estimates. Disney finished the second quarter with 137 million subscribers, up 33% from a year ago. Geetha Ranganathan of Bloomberg Intelligence is on “Bloomberg Markets: The Close.”

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10 Comments

10 Comments

  1. Pablo Contesti

    May 11, 2022 at 9:27 pm

    Aaaaaaaand it’s dead.

  2. Ian Weetman

    May 11, 2022 at 9:40 pm

    It’s the only streamer that has a decent catalogue worthy of subscribing to… Even if I hold Netflix and Prime memberships as well!

  3. Lynda Korner

    May 11, 2022 at 10:18 pm

    The smart money always knew that Netflix’s woes are particular to Netflix.

    That seven-million figure is a big beat on the projections of analysts.

    They were expecting about five million to be added this quarter.

    Clearly, The Walt Disney Company should not have seen its valuation drop on the news of Netflix’s slowing and negative subscription growth.

  4. Lynda Korner

    May 11, 2022 at 10:19 pm

    Disney has the potential to make far more money from streaming than the company gets from the cable bundle in three main ways.

    The first is market share. Currently, for instance, while Disney does get the lion’s share of carriage fees from cable/satellite operators, Disney could capture more of those dollars through such things as 24-hour news channels that are based on ABC News and that are included with Disney+ (and Hulu) subscriptions.

    The second is disintermediating the relationship with customers by eliminating the cable/satellite operators and other middlemen.

    The third is the synergy that comes with other Disney businesses. Disney+ has the potential to do for The Walt Disney Company what Amazon Prime Video has done for Amazon.

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Bloomberg Technology

Xiaomi’s Electric Supercar Threatens Porsche, Europe Models

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Hurtling around a race track outside Beijing, Xiaomi’s SU7 Ultra is as disconcerting as it’s quick. The company is preparing its expansion abroad, where it could pose a threat in the EV market.
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Tesla anticipates billions of dollars in additional spending this year to support Elon Musk’s ambitions to transform the electric-vehicle pioneer into an AI and robotics company. Ed Ludlow reports.
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China’s DeepSeek is back with a brand new flagship AI model, a year after its open source model upended Silicon Valley. Tom Mackenzie explains.
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