Disney's streaming service has attracted nearly seven million new subscribers, the company said Wednesday, reversing a period of decline that had raised doubts about its rivalry with industry leader Netflix.
Fans are reflected in the Disney+ logo during the Walt Disney D23 Expo in Anaheim, California, on Sept. 9, 2022. Disney said on Nov. 8, 2023, its streaming service had attracted seven million new subscribers, reversing several quarters of decline that had raised doubts about its rivalry with industry leader Netflix.SAN FRANCISCO, United States —
Disney Plus clients rose to 112.6 million at the end of September from 105.7 million at the end of June. In the results released Wednesday, Disney said the company was pushing to cut costs by $7.5 billion, an increase from a previous pledge of $5.5 billion. Both services, like their competitors, were hit by a historic writers' and actors' strike this summer.
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