Disney+ Drops 1.3 Million Subscribers Amid Price Hike, Streaming Loss Shrinks by $300 Million::Disney+ lost 1.3 million subscribers in the final quarter of 2023 amid a hefty price hike that went into effect last fall

  • andrew@lemmy.stuart.fun
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    9 months ago

    Not sure where the positive news is, unless you’re a Disney shareholder. They dropped subscribers and are now losing less money. They care about the money, not really the subscribers. This pattern will likely continue.

    • Oderus@lemmy.world
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      9 months ago

      Their greed backfired and they lost money as a result. Music to my ears. Arrr.

      • PorkSoda@lemmy.world
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        9 months ago

        The wording is confusing but they are making more money from the price hike. They were losing money, they are now losing less money.

        Streaming Loss Shrinks by $300 Million

        • InfiniteGlitch@lemmy.dbzer0.com
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          9 months ago

          As a non-native English speaker, I thought the same exact thing. That they lost revenue of 300M.

          So unfortunately they are gaining revenue? I wish more people would get into Piracy honestly.

          • Petter1@lemm.ee
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            9 months ago

            Thing is, if more people go pirate stuff, there are less people financing the movie production, and thus, they have pay more In theory, of course, we don’t know what pile of coins goes to manager, CEO, similar for no reason high paid jobs.

            • kattenluik@feddit.nl
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              9 months ago

              people pirate enough -> they fix their platform -> people stop pirating because platform good again -> platform becomes awful again -> repeat

      • andrew@lemmy.stuart.fun
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        9 months ago

        Unfortunately, no. They were already losing lots of money. They are now losing less money than they were before even after people left. Which is generally what happens if you’re losing money for every subscriber and then subscribers leave.

        • andallthat@lemmy.world
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          9 months ago

          “see this chart here? We lose money for every subscriber! We’ll never make any money until we get rid of all of theml”

        • Cringe2793@lemmy.world
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          9 months ago

          How do you lose money per subscriber? Surely the subscription fee each subscriber pays is enough to offset the server, labor, etc costs, right?

          • Jojo@lemm.ee
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            9 months ago

            By making up more costs.

            More seriously, by evaluating what you could be making by letting someone else run the streaming service and pay you for the rights, instead. It’s still a pretty imaginary number, but it does come from something real.

            • Jojo@lemm.ee
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              9 months ago

              Also, for a business other than Disney, licensing fees for the content they show can be a pretty large cost that needs a lot of subscribers to offset.