{"id":2027735,"date":"2023-09-11T09:03:02","date_gmt":"2023-09-11T13:03:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desperate-disney-cuts-basic-streaming-subscription-price-75-amid-11-billion-in-losses\/"},"modified":"2023-09-11T09:06:05","modified_gmt":"2023-09-11T13:06:05","slug":"desperate-disney-cuts-basic-streaming-subscription-price-75-amid-11-billion-in-losses","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desperate-disney-cuts-basic-streaming-subscription-price-75-amid-11-billion-in-losses\/","title":{"rendered":"Disney slashes streaming subscription price by 75% due to $11 billion losses."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdesperate-disney-cuts-basic-streaming-subscription-price-75-amid-11-billion-in-losses%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2027735&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The Bad News \u200dKeeps\u2063 Coming for Disney<\/h2>\n<p>In a bid to entice\u200c back more than 11 million \u2064global subscribers who departed \u200bthe platform in the previous quarter, the \u200dcompany has slashed the cost of its \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desperate-disney-cuts-basic-streaming-subscription-price-75-amid-11-billion-in-losses\/\" title=\"Disney slashes streaming subscription price by 75% due to  billion losses.\">basic subscription\u2064 service<\/a> from $7.99 a month to a mere $1.99, according to <a href=\"https:\/\/www.cnbc.com\/2023\/09\/06\/disney-plus-slashes-prices-for-limited-time.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a>.<\/p>\n<p>This decision came amid an ongoing dispute with cable provider Charter Communications\u200d that has led to\u200d the blackout of various Disney-owned channels on the Spectrum service.<\/p>\n<p>The discount specifically pertains to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/netflix-to-fast-track-ad-supported-content-amid-financial-losses-report\/\" title=\"Netflix To Fast Track Ad-Supported Content Amid Financial Losses: Report\">ad-supported tier<\/a> of the Disney+ streaming service and lasts for three\u2064 months, after which the subscription auto-renews at the original rate.<\/p>\n<p>The promotional offer is available \u200donly for a \u2063limited time, running \u2063until\u200b Sept. 20.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This September is bringing the \u200cbiggest movies, series, and offer \u200byou won\u2019t want to miss. \u2063  <a href=\"https:\/\/t.co\/aD4rou4Rwl\">pic.twitter.com\/aD4rou4Rwl<\/a><\/p>\n<p>\u2014\u200d Disney+ (@DisneyPlus) <a href=\"https:\/\/twitter.com\/DisneyPlus\/status\/1699407103377506330?\">September 6, 2023<\/a><\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/www.nytimes.com\/2023\/08\/09\/business\/media\/disney-earnings.html\" target=\"_blank\" rel=\"noopener\">The New York Times<\/a> reported last month \u200bthat Disney\u2019s streaming division \u200dreported a loss of \u2063$512 million in the latest quarter.<\/p>\n<p>Cumulative losses \u2064in the \u200cstreaming sector since the \u200blaunch\u2064 of Disney+ in 2019 have surpassed $11 billion, it said.<\/p>\n<p>Although it\u2019s \u2063only for a three-month\u2063 period,\u2064 the $1.99 per month promotion\u2064 stands in contrast to the pricier alternatives offered by major players\u200d in the U.S. streaming service\u200d market, including Netflix, \u2062Hulu, and Amazon Prime.<\/p>\n<p>Such\u2062 an aggressive price\u200c reduction indicates a sense\u2064 of desperation within the company to get its financial situation back on track following\u2063 a tumultuous few years in \u200bwhich\u200c its\u200d share price has <a href=\"https:\/\/finbold.com\/disney-stock-crash-as-dis-shares-hit-lowest-closing-price-in-9-years\/\" target=\"_blank\" rel=\"noopener\">crashed<\/a> and its reputation has been damaged by its embrace of <a href=\"https:\/\/www.westernjournal.com\/leaked-footage-disney-producer-brags-pushing-gay-agenda-cartoons-president-wants-many-lgbt-characters\/\" target=\"_blank\" rel=\"noopener\">LGBT programming<\/a> for children.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">SCOOP: I\u2019ve obtained \u200dvideo\u200c from inside Disney\u2019s all-hands meeting about\u2062 the Florida\u2064 parental rights bill, in which executive producer Latoya \u200bRaveneau \u200csays her\u200c team \u200bhas implemented a \u201cnot-at-all-secret gay agenda\u201d and is regularly \u201cadding queerness\u201d \u2063to children\u2019s programming. <a href=\"https:\/\/t.co\/eJnZMpKIXT\">pic.twitter.com\/eJnZMpKIXT<\/a><\/p>\n<p>\u2014 Christopher F. Rufo  (@realchrisrufo) <a href=\"https:\/\/twitter.com\/realchrisrufo\/status\/1508912865293619202?\">March 29,\u2064 2022<\/a><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">SCOOP: Disney corporate president Karey Burke says, \u201cas the mother [of] one transgender \u2063child\u2063 and one pansexual child,\u201d she supports having \u201cmany, many, many LGBTQIA\u200c characters in our \u2062stories\u201d and wants a\u200c minimum of\u2063 50 percent of characters to be LGBTQIA and racial\u200c minorities. <a href=\"https:\/\/t.co\/oFRUiuu9JG\">pic.twitter.com\/oFRUiuu9JG<\/a><\/p>\n<p>\u2014 Christopher F. Rufo \u200b (@realchrisrufo) <a href=\"https:\/\/twitter.com\/realchrisrufo\/status\/1508926408332034049?\">March 29, 2022<\/a><\/p>\n<\/blockquote>\n<p>Last week, the company was also <a href=\"https:\/\/www.westernjournal.com\/disney-slapped-lawsuit-allegedly-misleading-investors-billion-dollar-losses\/\" target=\"_blank\" rel=\"noopener\">slapped<\/a> with a lawsuit by investors saying they were deceived \u2063about the financial health of Disney+.<\/p>\n<p>In their filing, the complainants wrote that Disney had \u201crepeatedly misled investors\u201d about the company\u2019s losses and that\u2064 these \u2062\u201cwrongful \u200cacts and omissions\u201d brought about the \u201cprecipitous decline in the market value\u201d of\u200d Disney\u2019s share price, which is at its lowest level since 2014.<\/p>\n<p>This \u200dweek,\u2062 the company also confirmed that it would\u2062 be <a href=\"https:\/\/www.westernjournal.com\/disney-drops-majority-charges-84-page-lawsuit-desantis-gov-isnt-woods-yet\/\" target=\"_blank\" rel=\"noopener\">dropping<\/a> \u200c the majority of its federal lawsuit\u2062 against the state of Florida apart from a claim that\u2063 the state violated\u200c the company\u2019s First Amendment Rights.<\/p>\n<p>The legal dispute began last year when the company fought Florida legislation aimed\u2064 at safeguarding children under\u2064 the age of 10 from LGBT\u2062 indoctrination in public schools, \u200bfalsely \u2063dubbed by Disney and left-wing activists as the \u201c<a href=\"https:\/\/www.westernjournal.com\/op-ed-dont-say-gay-media-lies-about-floridas-new-law-to-undermine-its-governor\/\" target=\"_blank\" rel=\"noopener\">Don\u2019t Say \u2064Gay<\/a>\u201d bill.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Statement from \u200cThe Walt Disney Company on signing of Florida\u200c legislation: <a href=\"https:\/\/t.co\/UVI7Ko3aKS\">pic.twitter.com\/UVI7Ko3aKS<\/a><\/p>\n<p>\u2014 \u2062The Walt Disney Company (@WaltDisneyCo) <a href=\"https:\/\/twitter.com\/WaltDisneyCo\/status\/1508494672817123330?\">March 28, \u20622022<\/a><\/p>\n<\/blockquote>\n<p>In\u200c response, Florida Gov. Ron DeSantis <a href=\"https:\/\/www.westernjournal.com\/desantis-seals-disneys-fate-dont-think-walt-appreciate-going-company\/\" target=\"_blank\" rel=\"noopener\">signed a bill<\/a> \u200cthat revoked Disney\u2019s special tax \u2062privileges and \u2062its ability to self-govern, leading to the\u2062 <a href=\"https:\/\/www.westernjournal.com\/desantis-scores-major-legal-victory-disney-gov-blow-backroom-deals\/\" target=\"_blank\" rel=\"noopener\">ongoing court battle<\/a>.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/desperate-disney-cuts-basic-streaming-subscription-price-75-amid-11-billion-losses\/\">Desperate Disney \u200dCuts Basic Streaming Subscription Price\u200b 75% Amid $11 Billion in\u200c Losses<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The\u200c Western Journal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ongoing stream of bad news for Disney. To win back over 11 million subscribers who left last quarter, the company reduced its basic subscription fee from $7.99 to just $1.99 per month, as reported by CNBC. This move was made amidst a series of challenges faced by the company.<\/p>\n","protected":false},"author":2195,"featured_media":2027736,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2027735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2027735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2195"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2027735"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2027735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2027736"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2027735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2027735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2027735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}