Walt Disney Co is raising the price of its flagship Disney+ streaming service by 38%, part of a plan to generate more revenue for its money-losing online…
Walt Disney Co is raising the price of its flagship Disney+ streaming service by 38%, part of a plan to generate more revenue for its money-losing online businesses and build on third-quarter results that beat estimates for sales, profit and subscriber growth.
Chief financial officer Christine McCarthy told investors on a call Wednesday that the company now expects between 135 million and 165 million “core” Disney+ customers and as many as 80 million customers for the Disney+ Hotstar product in India by the end of fiscal 2024, or a maximum of 245 million. The Burbank, California-based company reported fiscal third-quarter sales and earnings that beat analysts’ expectations, driven in part by strong performance of its theme parks.
That was worse than the $697 million analysts expected. Disney expects to spend about $30 billion on programming in the current fiscal year, down about $3 billion from its original plans.
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Disney+ US plan gets ads — and massive price hike for ad-free packageWalt Disney Co. is raising the price of its flagship Disney+ streaming service by 38%, part of a plan to generate more revenue for its money-losing online businesses and build on third-quarter results that beat estimates for sales, profit and subscriber growth.
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