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Disney now has as many subscribers as Netflix

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2 years ago

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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.

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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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Why the meme-stock frenzy is unlikely to repeat

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5 days ago

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May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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5 days ago

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May 14, 2024

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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6 days ago

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May 13, 2024

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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