Earlier today Disney released their latest earnings report. The company beat expectations across the board, revenue is better than expected, theme parks also performed better and Disney+ subscriber growth beat what analysts projected.
Disney+ added a total of 14.4 million new subscribers, analysts had expected 10 million new subscribers. All Disney owned streaming services combined, Disney+, Hulu and ESPN, now have more subscribers than Netflix, 221 million vs 220 million. Disney+ alone now has 44.5 million subscribers in the US and 152.1 million worldwide. 58.4 million of those are subscribers of Hotstar in India.
Disney also announced new subscription fees for Disney+. Beginning on December 8th Disney will offer an ad-supported tier for Disney+ in the US for $7.99. The ad-free tier will then be $10.99, an increase of $3.
Disney’s earnings call follows Hasbro’s earnings report from July, Hasbro is also doing well, revenue is up and partner brands revenue growth was once more driven by Marvel and Star Wars, but as usual Hasbro would not provide any specifics here.
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