Disney+ Day is finally here, marking two years since the birth of the streaming platform. After reporting slow streaming growth, will this be Disney’s happily ever after?
TICKER ENTERTAINMENT
Disneyland is renowned as the happiest place on earth, but maybe not on wall street.
Disney has reported slow streaming growth in its fiscal fourth-quarter earnings on Wednesday after-the-bell.
It’s probably its laggiest in terms of subscriber growth since Disney Plus launched back in 2019.
The company did reach a total of one hundred and 18 million subscribers, which is in line with its estimates.
CEO Bob Chapek said the segment’s growth had “hit some headwinds” and that Disney expected to add “low single-digit millions” of subs into the fourth quarter.
Now, this really isn’t much of a surprise, back in September, Disney warned of a slowdown in growth due to COVID-19
Is Disney still on track to meet subscriber targets?
Well, Disney certainly thinks so.
During the company’s earnings call, Chapek said the company’s goal of reaching 230 million to 260 million Disney+ subscribers by 2024 is still firm.
“We remain focused on managing our DTC business for the long term, not quarter to quarter,” Chapek said. International expansion and new content are the primary drivers for the company to reach that target, Chapek told CNBC.
Is Disney+ Day D-Day?
Disney plus day falls on November 12th, AKA the birthday of the streaming service.
There is exclusive new trailers, announcements, and discounts, with special appearances from stars and creators too.
Most importantly – a prime opportunity to boost subs.
The company said Quarter 4 will be the first time in Disney plus history that it will release original content throughout the quarter from Disney, Marvel, Star Wars, Pixar, and even Nat Geo.
Unlike Netflix’s Tudum and Warner Bros’ DC Fandome events, Disney Plus Day won’t be available to watch on YouTube or Twitch.
Instead, Disney Plus subscribers will see a live presentation exclusively on Disney Plus, which will reveal more concerning any first look trailers and clips, star appearances and extra content.
Disney+ Day will market some impressive deals for a limited time, with the aim to boost subs.
From now until November 14, Disney is offering a one-month subscription for just $1.99.
Given that it usually costs $7.99 per month, it’s an incredible saving for people who have been thinking of signing up to the service, but unsure if they wanted to add another streaming subscription to the mix.
The company is hoping for promising results come the next earning call.
In Short:
– Tyler Robinson, 22, was arrested for allegedly murdering activist Charlie Kirk, 31, at a university event in Utah.
– Witnesses revealed Robinson’s negative views on Kirk and links to anti-fascist sentiments through his messages and actions.
Tyler Robinson, 22, was arrested following the alleged murder of conservative activist Charlie Kirk, 31, during a university event in Utah.
Authorities reported that Robinson shared details about the incident on Discord, discussing his actions after the shooting.
He reportedly inscribed internet culture references on the bullets used, including anti-fascist sentiments.
Witness testimonies indicate Robinson had expressed negative views about Kirk prior to the attack, which he described as “spreading hate.”
He arrived campus in a grey Dodge Challenger and opened fire, leading to Kirk’s immediate collapse. Following the incident, Robinson’s father and a minister turned him in to the police.
Political Context
Robinson’s messages, including references to anti-fascist imagery and memes, indicated a motive tied to Kirk’s political beliefs.
Governor Spencer Cox noted Robinson’s increasing political engagement and dissatisfaction with Kirk’s views in conversations with relatives. The investigation raised concerns over targeted violence linked to political ideology.
Wall Street traders are increasingly confident the Federal Reserve will cut rates next week.
Fresh inflation data has showed prices edging higher but growth slowing, and with jobs, markets, and political pressure all in focus, the Fed’s decision could be pivotal for the economy.
In Short:
– Federal authorities are investigating the shooting of Charlie Kirk, who was killed at Utah Valley University.
– A manhunt for the actual shooter is underway; two men have been questioned and released without charges.
Federal authorities are investigating the shooting of conservative influencer Charlie Kirk, who was killed while speaking at Utah Valley University.
The incident occurred around 12:20 PM when Kirk was shot in the neck, leading to a chaotic scene as attendees fled. Kirk, a father of two, died shortly after being taken to a local hospital.Investigators believe the shooter fired from a building approximately 200 yards away.
During the aftermath, two men, one of whom claimed to have fired the shot, were taken into custody but later released without charges. A manhunt is ongoing for the actual shooter.
Utah Governor Spencer Cox stated that those responsible will be held accountable, outlining the state’s commitment to justice.
President Donald Trump condemned the political climate surrounding Kirk’s death, blaming extreme rhetoric and violence.
In a statement, he remembered Kirk as a patriot who advocated for open debate. Following the incident, vigils were held nationwide, and classes at the university have been cancelled.
Ongoing Investigation
As investigations continue, American flags will fly at half-staff until Sunday in honour of Kirk.
“I want to be very clear that this is a political assassination,” Utah Governor Spencer Cox, a Republican, told a news conference.
“And I just want to remind people that we still have the death penalty here in the state of Utah.
The Utah Department of Public Safety said that its State Crime Lab was “working with multiple active crime scenes”.
“These were identified based on where the victim was shot, as well as the locations where the suspect and victim travelled,” a department statement said.
“The shooting is believed to be a targeted attack. The shooter is believed to have fired from the roof of a building down to the location of the public event in the student courtyard.”
Eyewitness account
Attendee Tiana Lao said the shooting came as a shock in what otherwise felt like an= normal event.
“We didn’t realise it was real at first and then everyone began rushing out, shouting to get down in panic and distress,” she told ABC News.
“People were excited. There were some opponents like there usually are at these events … but they were peaceful, so this was a total shock.”