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Wake-Up Call for Disney+: Subscribers Fleeing in Droves!
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Top news right now: Disney+ has lost 4 million subscribers globally in the first quarter of 2023, with 300,000 of those being in the US and Canada. The streaming service has been bleeding money, with no sign of profitability in sight. The loss in subscribers has been attributed to Disney's push for identity politics, including transgender and drag queen content in children's entertainment. Despite optimistic goals to reach profitability this year, Disney’s streaming business lost $659 million this quarter alone. The company has been competing with Netflix, but once-loyal customers are turning away due to Disney's prioritization of politics over entertainment. Dive deeper into this story, tap the link in our bio.
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