Disney has found itself at the center of controversy and financial setback as its streaming service
Disney has found itseIf at the center of controversy and financial setback as its streaming service, Disney+, reports a significant loss of over 1.3 million subscribers in the final quarter of 2023. This loss has sparked widespread mockery on social media, with many attributing the decline to the company’s “woke” policies.
The entertainment giant, aIready grappling with various challenges including a lawsuit from former Mandalorian star Gina Carano, a legal battle with Florida Governor Ron DeSantis, potential layoffs at Pixar, and boycott calls over disputes with X (formerly Twitter), has seen its subscriber numbers plummet from 112.6 million to 111.3 million globally.
Disney+ lost 1.3M subscribers in Q1 2024 after increasing prices 📉 pic.twitter.com/7rVdPhI31M
— Culture Crave 🍿 (@CultureCrave) February 7, 2024
The decIine comes despite a price hike and an increase in revenue during the same period, suggesting that higher prices have not deterred a significant number of subscribers.
