Disney Tops Netflix on Streami-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Disney Tops Netflix on Streaming Subscribers, Sets Higher Prices

LOS ANGELES, Aug 10 - Walt Disney Co edged past Netflix Inc with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials.

The media giant will raise the monthly cost of Disney+ without advertising by 38% to $10.99 in December, when it begins to offer a new option that includes ads for the current price.

Shares of Disney rose 6.8% in after-hours trading to $120.06 on Wednesday.

Disney in 2017 staked its future on building a streaming service to rival Netflix as audiences moved to online viewing from traditional cable and broadcast television.

Five years later, Disney has edged past Netflix in total streaming customers. The Mouse House added 14.4 million Disney+ customers, beating the consensus of 10 million expected by analysts polled by FactSet, as it released "Star Wars" series "Obi-Wan Kenobi" and Marvel's "Ms. Marvel."

Combined with Hulu and ESPN+, Disney said it had 221.1 million streaming subscribers at the end of the June quarter. Netflix said it had 220.7 million streaming subscribers.

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Comments

gupzbajaj
2022-08-11
gupzbajaj
cool pls like
Mungerism
2022-08-11
Mungerism
Thanks for sharing
HelenJanet
2022-08-11
HelenJanet
Thanks for sharing 👍😊
Jel_tan
2022-08-11
Jel_tan
Ok
SlyvesterNJW
2022-08-11
SlyvesterNJW
👍
huipooi
2022-08-11
huipooi
thanks

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