‘Relentlessly woke activism’: Disney Plus loses 2.4 million

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Oh for goodness sake. What does Rita Pahani know about the stock market or tech stocks

Anyone interested in the real reasons online streaming platforms have crashed (not just Dinsey) just check CNBC business insider
https://www.cnbc.com/2022/12/29/netflix ... -year.html

^ This quote covers the real reasons, of which Ms. Pahani seems to be ignorant:

If they lose enough customers, will they start bringing their new movies out on DVD? I don't support Disney+ so I don't have it, but I'm missing out on some movies that I so badly want to watch but can't because they won't release them on DVD.

Examples are the new animated Diary Of A Wimpy Kid movies, seasons 21+ of The Simpsons, and the Hocus Pocus sequel.

Additionally Netflix and Disney are facing a saturated market where at a certain point the number of subscriptions can't grow at the same rate.

It's well known that for every subscription the password is shared with 6 other customers. One proposal from Netflix was to force encrypted passwords on devices. That idea was jettisoned because it's likely the customers will drop and reduce views on their platforms which impacts on their advertising revenue.

I subbed to Disney+ for only about three months altogether. I watched everything I wanted to and unsubbed.

They added ads and jacked the price up to $10.99 USD for ad free.

The fact that they are churning out sequel after sequel and remake after remake for the past couple of decades is far more convincing than radical rightwing invective about "woke activism".

Perhaps their subscribers are simply tired of paying premium prices for tired, endlessly re-hashed and warmed-over content?

There is also the simple reality that these streaming services picked up millions of customers during the shelter-in-place orders of the early pandemic, but now people aren't staying at home as much, while looking more closely at their monthly expenses. After all, it is impossible for most us to take full advantage of all the streaming services we decided to add back in 2020. How many series can one person watch in one month? Disney Plus had 26.5M customers in the first quarter of 2020, and had grown to 164.2M by the fourth quarter of 2022. Losing 2M as customers reevaluate their massive subscription lists is a drop in the bucket.

We're talking about rotating our subscriptions here, no longer paying for all our preferred services at the same time. Run through what you want to watch, then drop the service and pick up and run through another.

I take it as a given that different people's interest in the content is going to affect their subscription choices, but looking at this only through a political/cultural lens misses the bigger trends, IMHO.