Disney's 2023 Financial Report Reveals Mixed Results and Future Strategies

Disney's year-end financial report for 2023 reflects mixed results, with the studio announcing sequels to popular films such as Vaiana, Zootopie, and La Reine des Neiges. The studio saw a loss of 1.3 million subscribers to Disney+ following a price increase, and its streaming platform remains below 150 million subscribers globally. The report also highlights the impact of significant investments in film and series production on the streaming service, as well as cost-saving measures such as cancelling certain programs. Despite the losses, Disney anticipates a potential increase in subscribers and an uptick in average revenue per user in 2024. The announcement of restricted account sharing for Disney+ subscribers is also expected to impact subscription numbers.

• Disney announced sequels to Vaiana, Zootopie, and La Reine des Neiges
• Loss of 1.3 million subscribers to Disney+ following a price increase
• Streaming platform remains below 150 million subscribers globally
• Significant investments in film and series production for the streaming service
• Cost-saving measures such as cancelling certain programs
• Anticipation of potential increase in subscribers and average revenue per user in 2024
• Impact of restricted account sharing for Disney+ subscribers on subscription numbers