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Disney now has as many subscribers as Netflix

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The streaming wars are heating up, with Disney levelling the playing field

Disney has surpassed streaming rival Netflix with the number of subscribers.

It’s the first time the company has recorded such a feat.

Chief Executive Bob Chapek says the company added 14.4 million subscribers to its Disney+ service.

Overall, the franchise has 221 million total subscriptions across its streaming offerings of Disney+, Hulu and ESPN+.

That compares to Netlfix’s reported 220.67 million total global subscribers.

“We had an excellent quarter, with our world-class creative and business teams powering outstanding performance at our domestic theme parks, big increases in live-sports viewership, and significant subscriber growth at our streaming services.”

BOB CHAPEk, THE CEO OF DISNEY

It is the first time any competitor has passed Netflix on the number of total subscribers.

Chapek is also rolling out a new pricing strategy to include ads, which is ahead of Netflix’s new offerings.

The company says it will charge less than Netflix in North America but may need a little fairy dust to keep the momentum rolling in the ever-growing streaming space.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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