Shares of the Walt Disney Co. have been downgraded by analysts who believe the studio’s streaming growth has stalled, potentially leading to tough times ahead as Disney continues to pour billions of dollars into the digital money pit.
in recent months, forcing the studio to rely more heavily on overseas markets to fuel new subscriptions.during the first three months of 2023, with the woke streaming service losing a whopping 4 million customers globally.
While most of the Disney+ losses resulted from the end of its Hotstar deal in India, the streamer posted an unexpected loss of 300,000 subscribers in the U.S. and Canada as more consumers wake up to Disney’s relentless push of transgender and drag queen content in its entertainment for children. Overall, Disney’s streaming business continues to bleed money with no sign of profitability in sight. As recently as the most recent first quarter, Disney’s streamingWhile CEO Bob Iger is reininng in the company’s runaway spending, Disney’s streaming business most recently lost $659 million in the recent fiscal second quarter
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