discussion Disney lost over $10B from streaming services, slashes costs by $2B

[poki]

Article is from November 8th but the recent revelation of movie losses makes it even more relevant now.

 

In total, Disney has lost more than $10 billion on its streaming service venture since it was introduced in 2019.

 

They made zero profits from movies since April 2022.

 

https://www.cnn.com/2023/11/08/media/disney-earnings-report-q4/index.html

[byzantium]

They also have had no new ideas in over a decade. 

[St. Charles]

They also have had no new ideas in over a decade. [2]

[GraceRandolph]

Enough crappy remakes!!

[Blanket]

1 minute ago, GraceRandolph said:

Enough crappy remakes!!

Your comment brings no substance so just keep it to yourself next time 

[Blanket]

They need to stop making the comic book movies into comedy. Do they know who watches those movies? It isn’t children it’s adults 

[havewemet]

Personally I thought the new Little Mermaid had some great performances/visual effects and made some important updates to the story. And I loooooved Elemental! Highly recommend if you haven’t given it a shot yet.

 

As a child of the Y2K era who now lives in Toronto I also really loved Turning Red.

[fridayteenage]

these streaming services are all/almost all money losers

[Katamari]

Who’s making a profit with these streaming services tbh 

[Revolution]

stupid fad

[Nintendoes]

5 minutes ago, Katamari said:

Who’s making a profit with these streaming services tbh 

Quote

Netflix is profitable. It first became profitable in 2003 and has grown steadily since then, reaching a profit of $4.49 billion in 2022, a 12.2% decline from its record profit of $5.11 billion in 2021.

Netflix should crackdown more accounts that share passwords tbh 

 

 

OT: Karma for pulling out content from Netflix.

Edited November 19, 2023 by Nintendoes

[dawnettakins]

Deserved! Such a greedy company, no quality. 

[Bears01]

Good audiences are finally done rewarding trash 

[barbiegrande]

It’s their own fault. The two month model worked for the lockdown era, but they still do it so people are trained to wait a couple months until the latest Disney project is on streaming. And having so many SW and Marvel

shows made the movies feel far less special. 

[jomarr]

Their content is terrible

[Mania]

Good 

[Cameltoe Chariot]

1 hour ago, Blanket said:

They need to stop making the comic book movies into comedy. Do they know who watches those movies? It isn’t children it’s adults 

Your comment brings no substance so just keep it to yourself next time 

[loveisdead9582]

Bad combination of poor planning and launching a platform with next to no original content at the time. The early release model worked for quarantine but not long term. Forcing out content for marvel and Star Wars that wasn’t properly given time to develop/produce and wasn’t thoroughly vetted by anyone that wasn’t already attached to the franchises didn’t help either. A streaming service cannot survive on nostalgia alone. The Hulu/Disney+ combo platform makes a lot more sense. 

[JonginBey]

[popstyle]

Tubi a free streaming is so much better than all these pay ones! And i dont mind the ads! Its free!

[TROJAN]

2 hours ago, Blanket said:

They need to stop making the comic book movies into comedy. Do they know who watches those movies? It isn’t children it’s adults 

Your comment brings no substance so just keep it to yourself next time 

[fememeist]

4 hours ago, Blanket said:

They need to stop making the comic book movies into comedy. Do they know who watches those movies? It isn’t children it’s adults 

Your comment brings no substance so just keep it to yourself next time 

[panochita]

With the amount of franchises they had it truly was a mistake to focus on MCU and stat wars 

[Gorjesspazze9]

Is this why Disney acting like they broke

[Gorjesspazze9]

5 hours ago, Blanket said:

They need to stop making the comic book movies into comedy. Do they know who watches those movies? It isn’t children it’s adults 

Comedy is literally in the name Comics They are supposed to be Fun. 
thats like wanting a Horror not to be scary.