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submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

Disney+ Drops 1.3 Million Subscribers Amid Price Hike, Streaming Loss Shrinks by $300 Million::Disney+ lost 1.3 million subscribers in the final quarter of 2023 amid a hefty price hike that went into effect last fall

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[-] Oderus@lemmy.world 8 points 8 months ago

Their greed backfired and they lost money as a result. Music to my ears. Arrr.

[-] porksoda@lemmy.world 76 points 8 months ago* (last edited 8 months ago)

The wording is confusing but they are making more money from the price hike. They were losing money, they are now losing less money.

Streaming Loss Shrinks by $300 Million

[-] ModernRisk@lemmy.dbzer0.com 18 points 8 months ago

As a non-native English speaker, I thought the same exact thing. That they lost revenue of 300M.

So unfortunately they are gaining revenue? I wish more people would get into Piracy honestly.

[-] Oderus@lemmy.world 6 points 8 months ago

Good point. Thanks for that. 👍

[-] andrew@lemmy.stuart.fun 15 points 8 months ago

Unfortunately, no. They were already losing lots of money. They are now losing less money than they were before even after people left. Which is generally what happens if you're losing money for every subscriber and then subscribers leave.

[-] andallthat@lemmy.world 20 points 8 months ago

"see this chart here? We lose money for every subscriber! We'll never make any money until we get rid of all of theml"

[-] Mrkawfee@feddit.uk 9 points 8 months ago

Found the Management Consultant

[-] VampyreOfNazareth@lemm.ee 1 points 8 months ago
[-] Murdoc@sh.itjust.works 7 points 8 months ago

Might lose even less money if we started paying them to watch! Yay, math!

[-] Fester@lemm.ee 3 points 8 months ago

Now we’re losing negative money

[-] Cringe2793@lemmy.world 6 points 8 months ago

How do you lose money per subscriber? Surely the subscription fee each subscriber pays is enough to offset the server, labor, etc costs, right?

[-] Silentiea@lemm.ee 2 points 8 months ago

By making up more costs.

More seriously, by evaluating what you could be making by letting someone else run the streaming service and pay you for the rights, instead. It's still a pretty imaginary number, but it does come from something real.

[-] Silentiea@lemm.ee 1 points 8 months ago

Also, for a business other than Disney, licensing fees for the content they show can be a pretty large cost that needs a lot of subscribers to offset.

[-] corsicanguppy@lemmy.ca 1 points 8 months ago

The yachts don't buy themselves.

[-] Oderus@lemmy.world 3 points 8 months ago
[-] BearOfaTime@lemm.ee 8 points 8 months ago

Not your fault, it's a shitty headline

this post was submitted on 08 Feb 2024
389 points (99.5% liked)

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