"If they are going to force you to go back to the theater again, then Disney+ becomes redundant," Enderle said. "When they were putting out blockbuster movies at the streaming service at the same time as the theaters, that was worth the price of admission," tech analyst Rob Enderle of Enderle Group said of Disney.ĭisney has changed course of late, letting movies run in theaters for a while before making it to the streaming service, according to the analyst. It also noted that Disney+ is facing cost increases in terms of content production, marketing and technology.ĭisney stock fell four percent by close of trading Wednesday.īut the very popular streaming service benefits from the controversial strategy of its parent company, which consists of releasing some films simultaneously in theaters and online, with an additional cost for subscribers to the platform.Īfter Mulan in 2020, Black Widow and Jungle Cruise were released this summer to the great displeasure of theaters and stars such as Scarlett Johansson, who criticized a loss of earnings for them. In its earnings release, the group attributed the decline to cheaper subscriptions in some markets, such as India and Indonesia. More worrisome for investors, the average monthly revenue per Disney+ subscriber fell 9 percent year-over-year to $4.12 (roughly Rs. Kathryn Hahn to Return in WandaVision’s Agatha Harkness Spin-Off: Report.
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