Disney+ and Hulu boosted revenues by almost 90% over the last year, and Netflix raised prices twice in just over a year. Consumers are still subscribing.
Consumers are not only cancelling their Disney subscriptions, they’re boycotting the companies who advertise with affiliates owned by Nexstar and Sinclair.
These smaller, cheaper streaming packages often focus on sports or news, and are meant to appeal to consumers tired of bloated, expensive cable subscriptions.
The media giant reported $321 million in operating income for its streaming services in the fourth quarter, just two years after they were losing more than $4 billion.