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Exactly one year after the launch of the Disney + streaming service, the company today announced a quarterly loss of $ 580 million during an investor call, all due to the closure of its parks, the delay of its movie releases and the layoffs in progress.
With Disneyland expected to remain closed until at least the end of the year, the streaming service itself proved to be one of the Mouse House’s bright spots in a bleak year. The company reportedly attracted 73.7 million subscribers in its first year, easily surpassing a goal it didn’t expect to reach until 2024.
But that’s not all, as ESPN + reached 10.3 million subscribers, the first time it surpassed ten million. Hulu has 36.6 million subscribers, up 28% from a year ago. Both are part of a package with Disney + at a discounted rate of $ 13 per month.
Disney CEO Bob Chapek also says he is “pleased with Mulan’s results as an early access title,” the studio’s first foray into providing an additional level of PVOD access to Disney + subscribers. He adds: “Unfortunately the title has been the subject of controversy in the US and internationally, but we have seen positive results knowing we had something in the strategy to access the premiere.”
He was also asked why Pixar’s “Soul” was made available outside of a strategy for the premiere of PVOD-Disney +: “In terms of Soul, we also realize that the lifeblood of Disney + is delivering content. to entry level subscribers. The idea was that it was a really nice gesture to take it out during the holidays and provide it during the service. “
Disney + is currently available in around thirty countries and still has a long way to go to reach Netflix’s 195 million global subscribers.
Source: THR
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