Free Republic

While Disney+ remains a competitor against Netflix, Max, Amazon Prime Video, and others, it also turns out that the streaming platform is actually losing the company hundreds of millions of dollars. Disney’s recent earnings report showed that its current attempts to corner the streaming market have been utterly failing, even as it increasingly jacks up subscription prices and deletes original content. In a call to analysts, Iger revealed that beginning in December, the new service will be beta-tested as a combined app with Hulu, with both apps to be permanently replaced in March of 2024 (per Deadline). According to him,...

Disney’s woke streaming services are still hemorrhaging money at an alarming rate, losing more than $1 billion a quarter at a time when CEO Bob Iger is trying to put the brakes on the company’s runaway spending habits. For its first fiscal quarter, Disney’s direct-to-consumer business — which includes Disney+, Hulu, and other services — lost $1.05 billion, a 78 percent larger loss from the same period a year ago. The figure represents a slight sequential improvement from the fourth quarter, which saw a $1.5 billion loss for the unit. The latest results come as domestic Disney+ subscriptions barely rose...