Disney anticipates falling tens of millions of subscribers short of its last publicly provided 2024 outlook for its Disney+ streaming service, Bloomberg’s Thomas Buckley and Lucas Shaw report, citing people familiar with the matter. The target of 215M-245M total subscribers was established in August 2022 by then-CEO Bob Chapek, though returning CEO Bob Iger said earlier this year that the company would no longer provide subscriber forecasts, the authors note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DIS:
- Disney Gets $10B Offer for its ABC TV Network
- Disney Stock NYSE:DIS): Deep Value Hiding in Plain Sight
- Disney said to cut Disney+ subscribers target, Bloomberg reports
- Disney holds initial discussions for ABC sale to Nexstar, Bloomberg says
- Disney up 1% after report of talks with Nexstar on possible sale of ABC