DISNEY MINUS! Price Hike, Woke Policies See Subscribers Canceling in Droves

Disney+ is losing subscribers in record numbers according to a Newsmax report; Disney is expected to fall tens of millions short of its 2024 goal.

From Newsmax:

In March of 2022, Disney’s political demands in Florida that children as young as the third grade be taught sexual matters sparked a national furor among conservatives, with boycotts against the entertainment giants services like Disney+ and Hulu.

Last month stock analysts noted the company’s market cap had fallen from $350.09 billion on March 22, 2022, to $154.04 billion — a decline of $196.05 billion — or a 56% drop.

Bloomberg News reported on the projected shortfall for Disney Thursday night.

Disney, under then CEO Bob Chapek, in August 2022 set a target of 215 million to 245 million subscribers by the end of fiscal year 2024.

Disney, however, finished Q3 with 146.1 million Disney+ subscribers.

The media giant has also taken a hit from decreasing demand for Disney+ in India after it failed to win the streaming rights for cricket, according to Bloomberg.

More over at Newsmax:

https://t.co/oQQw4hvqqZ

— NEWSMAX (@NEWSMAX) September 17, 2023