Disney+ January Releases |
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January 4 January 6 January 11 January 18 January 20 January 25 January 27 |
Less is More in 2023? |
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It’s the kind of news you don’t bring attention to. According to, and buried in the Disney Annual Report, Disney+ will reduce both film and streaming releases in 2023 despite Disney+’s growth reaching 164 million subscribers. Disney claims the streaming service is operating at a loss. The announcement to scale back is a direct result of Disney’s 2022 losses in their direct-to-consumer segment alone equalling a whopping $1,000,000,000. To be fair the third-quarter earnings report indicated that the direct-to-consumer segment also included Hulu and ESPN, however, the report made a point of stating the losses were higher at Disney+. Some may blame a failing woke agenda. That is not true, or at least has little impact on streaming. The reason is simply a cost analysis versus return. The amount of content at the current cost is not sustainable let alone profitable. The company must both learn to produce content at a lower cost, and produce less to achieve a profitable product in Disney+. It’s the same conundrum that Netflix and other services have faced in recent years. |