They are just now realizing the its extreamly difficult to actually make a profit with a streaming service. Most major ones like hbo max and disney+ lose billions a year. Netflix and hulu are the only ones that have been able to squeeze out a tiny profit.
Do we have concrete evidence that this is true? I find it highly unlikely Disney+ was hemorrhaging money considering all the parents that are indefinitely subbed to D+ for the Disney catalogue.
Unless the original programming like all the Marvel TV shows (which are pretty low quality scripts) and the remakes (which are low quality) really cost that much to make.
They are just now realizing the its extreamly difficult to actually make a profit with a streaming service. Most major ones like hbo max and disney+ lose billions a year. Netflix and hulu are the only ones that have been able to squeeze out a tiny profit.
Do we have concrete evidence that this is true? I find it highly unlikely Disney+ was hemorrhaging money considering all the parents that are indefinitely subbed to D+ for the Disney catalogue.
Unless the original programming like all the Marvel TV shows (which are pretty low quality scripts) and the remakes (which are low quality) really cost that much to make.
They should report the losses at earning calls and i think they did. But i am to lazy to look it up.
Direct to consumer media lost $659M in Q1 this year https://thewaltdisneycompany.com/app/uploads/2023/05/q2-fy23-earnings.pdf