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Disney+ growth slows in second quarter


| 14 May 2021
In what could be seen as a reflection of just how unexpectedly well the direct-to-consumer service has performance since launch, analysts are describing as slightly ‘disappointing’ the news that Disney+ has ‘only’ added 8.7 million customers over the course of the second quarter of the current financial year.
For the quarter ended 3 April 2021, Disney+ owner The Walt Disney company posted second quarter half-yearly revenues of $15.6 billion, down 13% compared with the end of Q2 2020. Revenues for the six-month period were $31.862 billion, tumbling 18% annually. Net income for the quarter though almost doubled over the course of the year to $912 million. This formed virtually all of the half yearly total of $941 million down 64%. ....

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Walt Disney Co goes with AWS to support Disney+ global expansion


| 30 April 2021
Just as broadcast tech firms were queuing up to announce their support for the AWS Media & Entertainment cloud-based broadcasting platform, AWS has been given its strongest endorsement after The Walt Disney Company revealed that it is using its infrastructure to support the global expansion of the Disney+ direct-to-consumer service.
Since launch in the US in November 2019, Disney+ has rolled out rapidly in 59 territories across Canada, Australia, New Zealand, Europe, Latin America and most recently Singapore. At the end of its first quarter ended 2 January 2021, Disney’s direct-to-consumer business had generated more than 146 million total paid subscriptions with revenues for the quarter increasing 73% annually to $3.5 billion.in March 2021 the Walt Disney Company confirmed that Disney+ had gone past the 100 million subscriber mark. ....

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