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Disney plans ad-funded streaming and overtakes Netflix

BBC Business LogoBBC Business1 mo ago

Disney plans ad-funded streaming and overtakes Netflix - BBC Business

Quick Summary:

The media giant is gaining subscribers as it details plans to launch an ad-supported service in December.

Disney's subscriber gains have come at a hefty cost, with its streaming business losing $1.1bn in the quarter.

Netflix lost nearly one million accounts in the most recent quarter, putting its subscriber total at 220.67 million.


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Article Details

Author / Journalist: By Natalie Sherman

Category: Economy

Topics: Year Launch Million Disney Streaming Firm Service Subscriber Netflix Subscribers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-10, 22:07:37

News Timezone: GMT +0:00

News Source URL: bbc.co.uk

Language: English

Reading Time: 3 minutes read

Article Length: 470 words

Coverage Area: United Kingdom

Availability: Desktop Web, Mobile Web

News ID: 128831

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About BBC Business

BBC Business Logo

Main Topics: Economy

Official Website: bbc.co.uk

Update Frequency: 7 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10h ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #43

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