It’s been claimed that Disney Plus, which announced a loss of 1.3 million subscribers in the last quarter of 2023, is poised to start turning a profit soon. It’s noted that the platform’s operating losses have decreased to $138 million, with its long-term broadcast agreement with the sports channel ESPN playing a significant role.
When will Disney Plus start making a profit?
It’s a well-known fact that major budget streaming platforms like Disney Plus tend to turn a profit later. It’s estimated that Disney Plus, a platform Disney has high hopes for, will gain a whopping 7.5 million subscribers in the upcoming quarter. Additionally, by significantly limiting subscription sharing similar to Netflix, the company anticipates a noticeable increase in revenue.
Disney CEO Bob Iger, who returned to his position after a short hiatus, claims that Disney Plus has entered a trend of improvement lately and that the platform’s increased performance holds great promise for the future. He added that through partnerships with various film and series producers, they aim to become the world’s most-watched streaming platform.
It’s long been known that Disney aims to integrate gaming content into the Plus platform. Iger described their recent acquisition of Epic Games as one of the company’s biggest investments. According to initial leaks, an collaboration is expected between Disney and Epic’s Fortnite game series. With this collaboration, many popular Disney characters are expected to enter the Fortnite universe. When this project comes to fruition, undoubtedly Disney Plus content will also benefit.
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