They are profitable. Just not profitable enough.
SuperSpruce@lemmy.zip 10 months ago
My biggest question is despite how expensive Disney+ is and their huge subscriber base, how are they not profitable? Nebula is a fraction of the price without any ads and plenty of originals and is quite profitable despite having under 1 million subs.
Nommer@sh.itjust.works 10 months ago
SuperSpruce@lemmy.zip 10 months ago
No, they actually aren’t profitable.
From arstechnica.com/…/its-shakeout-time-as-losses-of-…
“Disney, the largest traditional media company, is in the midst of a gutting restructuring that has featured 7,000 job cuts and attacks from activist investors. It lost more than $1.6 billion from its streaming businesses in the first nine months of 2023, during which its Disney+ service gained 8 million subscribers. The company says it will turn a profit in streaming in late 2024.”
krakenx@lemmy.world 10 months ago
They spent $350 millionmaking Secret Invasion, which was a bad show in every way. They have no control over their costs, yet they squeeze everyone as hard as they can.