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Disney plans ad-funded streaming and overtakes Netflix

BBC Business LogoBBC Business4 mo ago

Disney plans ad-funded streaming and overtakes Netflix

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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News Analysis

Author / Journalist: By Natalie Sherman

Category: Business

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

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: bbc.co.uk

Readership Location: United Kingdom

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

News Timezone: GMT +0:00

Language: English

Original Article Length: 470 words

Reading Duration: 3 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1534125

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About Publisher

BBC Business Logo

Name: BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 5 posts per day

Last Update: 9h ago

Headquarters: United Kingdom

Coverage Areas: United Kingdom

Publication Owner: Independent Company

Publication Timezone: GMT +0:00

Languages Covered: English

RSS Feed: Available (XML)

API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #224

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