Walt DisneyDTC totaled 221.1 million subscribers in the third quarter of the company’s fiscal year ending in June. It was a huge win for Disney+ and her dad, and it was also the first time anyone had gone through Netflix In the total flow of submarines.
Netflix recorded a total of 220.67 million global subscribers, following losing nearly one million subscribers in the three months.
Includes Disney+ numbers (152 million), ESPN+ (22.8 million) and hello Total including live TV (46.2 million).
Disney will drop some subscribers following losing the bidding war over the rights to broadcast cricket in India, where there are a large number of Disney+ subscribers.
So the numbers may change but the tides show how volatile the broadcast business can be.
Netflix, the leading company, launched a wave of tension with an unexpected loss of 200,000 subscribers in the first quarter of 2022 and warned of the potential for an even greater loss for the next quarter of up to 2 million subscribers. When the loss of just under a million subscribers – regarding 970,000 – was announced, it was seen in part as a victory. It was the biggest sub-loss in company history (partially saved in season 4 of Weird things which was released in May).
Giant Reed Hastings and Ted Sarandos are also working on an ad-supported streaming layer.
Media stocks rose today along with the broader markets. Disney stock is up regarding 5% and Netflix is flat in following-market trading. Disney announced its quarterly numbers just following the market closed.
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