Disney's Declining TV Business and Disney+ Subscriber Drop
Disney's traditional TV business is declining, with operating income dropping by 11%. Disney+ subscribers decreased due to a price increase, and advertisers are hesitant to engage. Ad-supported tier struggling to retain advertisers as subscriptions fall short of expectations.
Key Points
- Disney's traditional TV business operating income dropped by 11%
- Disney+ subscribers slipped 1% due to a price increase
- Advertisers are hesitant to engage with Disney+
- Ad-supported tier of Disney+ is struggling to retain advertisers