May 14, 2021 16:00:00

It is pointed out that the growth of Disney's streaming service 'Disney +' is slowing down

Disney's streaming service 'Disney +', which started in November 2019, made a good start with the

number of registered users surpassing 10 million on the first day of the service. From 2020 to 2021, it is reported that streaming services such as Amazon Prime Video and Netflix are doing well due to the influence of the epidemic of the new coronavirus infection (COVID-19), and Disney + is no exception, but 'growth' Is slowing down. '

Disney's Q2 FY21 Earnings Results Webcast --The Walt Disney Company
https://thewaltdisneycompany.com/disneys-q2-fy21-earnings-results-webcast/

Disney + reports 103M subscribers in Q1 2021 as growth slows | AppleInsider
https://appleinsider.com/articles/21/05/13/disney-reports-103m-subscribers-in-q1-2021-as-growth-slows

Disney Plus Hits 103.6 Million Subscribers, as Rapid Growth Cools --Variety
https://variety.com/2021/digital/news/disney-plus-hits-103-6-million-subscribers-1234972672/

Disney announced its second quarter 2021 financial results on May 14, 2021 Japan time. As theme parks around the world are closed and admission restricted due to COVID-19, Disney's business focus is shifting to Disney +, a streaming service. However, as of April 3, the number of subscribers was 103.6 million, which was below the analyst's forecast that 'Disney + subscribers will reach 109.3 million during the first quarter.' In March 2021, Disney + was raised by 1 dollar (about 110 yen) in the United States, and the monthly fee is 7.99 dollars (about 880 yen).

In addition, the average monthly revenue per subscriber also decreased, down 29% from the previous year to $ 3.99 (about 440 yen). However, Disney explains that the average monthly revenue per subscriber includes a cheap service for India, Disney + Hotstar.

Disney CEO Bob Chapek and Chief Financial Officer Christine McCarthy emphasize that Disney + is expected to reach 230-260 million subscribers by the end of 2024. .. He also reported that the churn rate did not rise significantly due to the Disney + price increase.

Chapek said that once the pandemic subsides and movie and television production returns to its original state, new content will appear on the platform and subscribers will increase.

According to the announcement, Disney's earnings per share increased to 79 cents from January to March 2021, exceeding analysts' expectations of 32 cents. On the other hand, after the announcement of financial results, Disney's stock price is reported to have fallen by about 4% in after-hours trading.

Disney Stock Slumps on Disney + Subscriber Miss in Q2 --Variety
https://variety.com/video/disney-stock-slumps-on-disney-subscriber-miss-in-q2/