Elijah Abrams
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https://cordcuttersnews.com/disney-may-shut-down-in-some-countries-as-disney-looks-to-cut-costs/
Luke Bouma
on
August 11, 2023
in
All News, News
During Disney’s earnings call this week, Bob Iger was asked about Disney’s plans for Disney+ international. Here is what Disney+ had to say about this:
This is big news if you live outside of the United States. For some, this will mean less original content, and for others, this will mean they could lose Disney+ altogether.
In the past, Disney would sell rights to its content in different countries. It could be Disney is looking for ways to become more profitable by selling its shows to larger streaming services in unprofitable areas. Cutting back on original content for other countries could also help it reduce its losses but still offer the service.
This all comes as Disney is losing money on streaming. This week Disney reported that its direct-to-consumer business posted an operating loss of $512 million, an improvement over the $1.06 billion it lost a year ago in the fiscal third quarter. Disney has said it hopes to make Disney+ profitable soon. Reports have suggested that Disney+ would be profitable in 2024 or 2025. Though Bob Iger has said, he is working hard to make Disney+ profitable as soon as possible.
At this time, Disney has not said what countries it is considering shutting down or cutting back in.
Disney+ May Shut Down In Some Countries As Disney Looks to Cut Costs
ByLuke Bouma
on
August 11, 2023
in
All News, News
During Disney’s earnings call this week, Bob Iger was asked about Disney’s plans for Disney+ international. Here is what Disney+ had to say about this:
You can read the full transcript HERE.
This is big news if you live outside of the United States. For some, this will mean less original content, and for others, this will mean they could lose Disney+ altogether.
In the past, Disney would sell rights to its content in different countries. It could be Disney is looking for ways to become more profitable by selling its shows to larger streaming services in unprofitable areas. Cutting back on original content for other countries could also help it reduce its losses but still offer the service.
This all comes as Disney is losing money on streaming. This week Disney reported that its direct-to-consumer business posted an operating loss of $512 million, an improvement over the $1.06 billion it lost a year ago in the fiscal third quarter. Disney has said it hopes to make Disney+ profitable soon. Reports have suggested that Disney+ would be profitable in 2024 or 2025. Though Bob Iger has said, he is working hard to make Disney+ profitable as soon as possible.
At this time, Disney has not said what countries it is considering shutting down or cutting back in.
