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Canceled: Disney+ Loses 1.3 Million Subscribers After Hiking Prices

via The Walt Disney Company
This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

Disney+ lost 1.3 million subscribers globally due to a significant price increase, with a 27% rise in the monthly subscription cost.

The company is struggling to reach profitability despite investing heavily in streaming services.

The recent loss of $216 million for the last quarter of 2023 represents an improvement over previous periods.

Disney’s streaming services, including Hulu, are facing financial challenges.

The company’s focus on LGBTQ+ content and a substantial layoff of 7,000 employees in 2023 also impacted its operations.

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