Disney+ lost 1.3 million subscribers in the final quarter of 2023 amid a hefty price hike that went into effect last fall

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

  • Oderus@lemmy.worldEnglish
    2921·
    11 months ago

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

    • PorkSoda@lemmy.worldEnglish
      76·
      11 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.comEnglish
        213·
        11 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.eeEnglish
          212·
          11 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.

    • andrew@lemmy.stuart.funEnglish
      15·
      11 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.worldEnglish
        20·
        11 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.worldEnglish
        71·
        11 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.eeEnglish
          2·
          11 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.eeEnglish
            1·
            11 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.