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Disney+ lost 11.7 million subscribers in Q2 2021 due to the low-priced version in India. Excluding India, Disney+ gained 800,000 subscribers primarily overseas, bringing total losses for the streaming division to over $11bn since 2019. Disney's CEO, Bob Iger, has been actively focusing on creating profitability within Disney+.
Robert A. Iger’s urgent need to overhaul Disney — to turn its streaming division into a profitable enterprise and pull
The company experienced a sharp decline in its traditional TV business for the second straight quarter and will raise subscription prices for its streaming services.
Excluding India, Average Revenue per Membership in the APAC region grew 4% in constant currency terms, according to the company’s letter to shareholders released late on Tuesday.
Netflix Q2 revenue grows 9%; adds 1.1 mn paid subscribers in APAC region