Disney minus: the stock collapsed – and brought down the entire stock market

Disney, for its part, warned that the increase in the number of subscribers is expected to be smaller this quarter, since in the previous quarter it benefited from the effect of mass subscriptions in the 42 countries where the service was launched in May, including Israel, but expects that the streaming division’s losses will decrease by about $200 million. It’s not clear how, given that the average income is set to drop even further with the launch of the discounted ad-supported subscription at $8 per month on December 8. The CEO, Bob Chapek, even claimed that the company is not changing its forecast that these services will be profitable in the 2024 fiscal year. We believe we will be on track to achieve a profitable video streaming business that will drive sustained growth and create shareholder value for many years to come,” he said.