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Disney on Wednesday reported a loss for the most recent quarter, with the number of subscribers to its streaming service shrinking again, but a pledge to crack down on password sharing sent shares higher in after-market trades. The falling Disney+ subscriber numbers — for the third consecutive quarter — came as a crippling writers and actors strike hits the US entertainment industry, threatening the company’s ability to produce content key to the streaming service’s appeal. […]
Washington, United States (AFP) — The Disney+ streaming service saw its subscriber ranks jump by 12 million users compared to June, results showed on Tuesday, as the home to “Obi-Wan Kenobi” and “Black Panther” continued to defy a souring economy. The gain beat analyst expectations, but the California-based group’s streaming services, which include Disney+, ESPN+ and Hulu, more than doubled their year-to-year operating losses to $1.47 billion for the July to September period, the results […]
