A previously-posted Gizmodo article said
Kabas reports that 1.7 million was 436% above a subscriber loss that’s typical for the same period
Which I thought was very useful.
JumpyWombat@lemmy.ml 3 weeks ago
A previously-posted Gizmodo article said
Kabas reports that 1.7 million was 436% above a subscriber loss that’s typical for the same period
Which I thought was very useful.
Kabas is the reporter and I still haven’t seen where they got that number.
If my googling is right, in total there are ~207 million subscribers.
This says 128M, which seems far more plausible. variety.com/…/disney-stop-reporting-subscriber-nu…
I don’t think those numbers are additive like that - you’d be double-counting people.
I suspect they’d have lost a lot more if this dragged on longer, he was back in a few days.
Consider that the full number is world wide. How many of them are US based or US involved?
tyler@programming.dev 3 weeks ago
It’s noticeable when you look at the price of the subscription. That’s almost $300 million.
JumpyWombat@lemmy.ml 3 weeks ago
tyler@programming.dev 3 weeks ago
That loss affects their stock price, their future outlook, what things they choose to fund, and how much they spend on advertising and trying to recover from this PR disaster.
sexual_tomato@lemmy.dbzer0.com 3 weeks ago
My wage doesn’t have a cost of goods sold line item. If I take in $5b and make $5.5b in revenue, $300m is > 1/2 of my net profit
fmstrat@lemmy.nowsci.com 2 weeks ago
This is flawed thinking. There is no “them” with a huge salary. The people making decisions are salaried or invested employees, and their livelihood depends on the stock regardless. There isn’t “one guy” that this hits, like it would with a salary, there’s thousands of investors which must be appeased.
Also, it’s likely many of those canceling were people who didn’t use the service as much as power users, which means they’re losing the cheapest to maintain customers (industry insight, no research to back this up, to be clear).
If we had boycotts and cancelations even a quarter this big across other media giants, our media would be a far better place.