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  • Re: Wolke pedo Disney Lost $387 Million at Streaming This Summer

    From Disney spreads monkeypox@21:1/5 to All on Sun Nov 26 09:53:49 2023
    XPost: alt.fan.rush-limbaugh, rec.arts.tv, sac.politics
    XPost: talk.politics.guns

    On 22 Jan 2022, Lefty Lundquist <lefty_lundquist@ggmail.com> posted some news:sshr45$4pm$4@dont-email.me:

    “The Marvels”, a woke shit story directed by a black DEI hire. And
    they wondered why it failed. Meanwhile, the incompetent black DEI
    hire still has a job.

    Disney+ gained 4.1 million global subscribers in the fourth and final
    quarter of fiscal 2023 (from an accounting standpoint, Disney’s
    reporting year ends September 30), which includes a loss of 2.8 million
    Disney+ Hotstar users. Core Disney+ additions were 6.9 million.

    Still: Even the streaming segment’s loss was an overall gain. Direct-to-consumer streaming lost $387 million this summer, an
    improvement from prior quarters. (Without a helping hand from sports,
    the Q4 loss was $420 million.) See? Your price hikes are making a
    difference!

    Disney Chairman and CEO Bob Iger has long targeted 2024 as the year
    Disney+ would become profitable. He now says that swing will
    specifically come in its final fiscal quarter. Progress from now until
    then “may not look linear from quarter to quarter,” the earnings release cautioned.

    For this quarter, Disney’s Q4 2023 revenue was $21.2 billion and
    adjusted earnings per share were 82 cents, both topping market
    estimates. Free cash flow was $3.4 billion, and with aggressive
    cost-cutting in the works, Disney says next year’s free cash flow will
    be “approaching” pre-pandemic levels.

    If only ABC and Disney’s cable networks (and the rest of the
    linear-television ecosystem) weren’t getting killed on advertising.

    Disney+ now has 150.2 million total streaming subscriptions (note: not subscribers; there is overlap due to the Disney Bundle). Core Disney+
    has 112.6 million subs and Disney+ Hotstar claims the other 37.6
    million. Hulu has 48.5 million subscribers and ESPN+ has 26 million.

    The June 16 release of “Elemental” initially looked like a bomb but
    gained some steam this summer at the box office and then on Disney+.
    (“The Little Mermaid” and “Guardians of the Galaxy Vol. 3.” also made it
    to Disney+ this summer.)

    Ultimately, “Elemental” will not lose money — especially when factoring
    in its significant streaming value. “Elemental” premiered on Disney+
    September 13 and has been tearing up Nielsen’s Top 10 Streaming list
    ever since.

    Most of the theatrical revenue for “Indiana Jones and the Dial of
    Destiny” was recorded in the summer quarter; that one was a sizable
    loss. Two more losses, “Haunted Mansion” (July 28) and “A Haunting in
    Venice” (September 15), were the only Disney theatrical releases during
    the quarter.

    “The Marvels” (November 10) and “Wish” (November 22) should lead
    Disney’s fiscal first quarter of 2024. That’s when “Loki” Season 2
    (October 5) also will be recorded.

    “The Marvels” ... Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha!
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