Bloomberg Technology
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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.”
Bloomberg Technology
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Pablo Contesti
May 11, 2022 at 9:27 pm
Aaaaaaaand it’s dead.
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!
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.
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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