Disney CFO Addresses Hiking Fee For Viewers: 'We've Earned That Pricing In The Marketplace'

Quick Summary:

What Happened: During the call, Johnston responded to a question from Wells Fargo’s Steven Cahall about the company’s direct-to-consumer margins and the impact of the price increase.“We’ve announced pricing, and we feel good with all of the value that we’re providing to consumers… We do feel like we’ve earned that pricing in the marketplace,” Johnston stated.

The chief financial officer of Walt Disney Co (NYSE:DIS), Hugh Johnston addressed the the company’s latest price increase during its fiscal third-quarter 2024 earnings call on Wednesday.

Johnston also spoke about the positive effect of bundling on churn and the potential growth from the rollout of password sharing.

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Author / Journalist: Ananya Gairola

Category: Technology

Markets: United States

Topics: Hulu US2546871060 Hugh Johnston DIS News Huli Disney+ Entertainment Consumer Tech Stories That Matter Benzinga neuro ESPN+ Tech Markets Benzinga

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Article Type: News Report

Published On: 2024-08-08 @ 05:10:09 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 433 words

Reading Time: 3 minutes read

Sentences: 17 lines

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Copyright Owner: © Benzinga

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