Disney Surpasses Netflix in Subscribers

Disney surpassed Netflix with a total of 221 million streaming subscribers at the end of the second quarter of this year and announced that it will launch a Disney+ option with advertising in December.
In all, Disney added 14.4 million customers to Disney+, surpassing the 10 million expected by analysts. Adding the company’s two other streams, Hulu and ESPN +, Disney said it had 221.1 million streaming subscribers in the quarter ended in June. Netflix reported that it had 220.7 million streaming subscribers.
Even with the increase in results, the company reduced its subscriber forecast and now projects between 215 million and 245 million total Disney+ customers by the end of September 2024. Also according to Reuters, the adjustment is due to expectations. reduced to India, where the company is losing broadcast rights to Indian Premier League cricket matches.
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