Disney to cut back streaming content as subscriber count slumps, CFO says
CFO Dive
MAY 11, 2023
Disney’s restructured content strategy comes as the company faces legal battles, a changing entertainment environment and the impact of AI.
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CFO Dive
MAY 11, 2023
Disney’s restructured content strategy comes as the company faces legal battles, a changing entertainment environment and the impact of AI.
CFO News
NOVEMBER 22, 2023
At 10:42 am, the Rs 3,042-crore Tata Tech IPO was subscribed 1.21 The quota reserved for qualified institutional buyers was subscribed about 2 times, non-institutional investors 1.25 times while the retail quota was subscribed 86%. The portion reserved for shareholders of parent entity Tata Motors 1.26
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PYMNTS
JANUARY 22, 2020
The streaming service has passed the 55 million subscriber mark, making it a serious threat to Apple’s service, according to a report by the Financial Times. Amazon Music has been offering six price tiers, ranging from a free service to a premium, but Amazon said that “nearly all” of its users are paid subscribers.
PYMNTS
DECEMBER 4, 2019
Silicon Valley startup Robinhood has signed over 10 million subscribers to its free stock-trading service, the company said in a blog post on Wednesday (Dec. It quickly expanded to one million subscribers in 2016 and six million by October of 2018.
PYMNTS
APRIL 24, 2020
Verizon reported that it lost 68,000 wireless phone subscribers, or 0.82 Just 100 subscribers were added in the quarter that ended March 31, according to research firm FactSet as reported by Reuters. Verizon has been losing subscribers in the first quarter for the last few years – churn is higher than gross adds,” Chaplin wrote.
PYMNTS
DECEMBER 10, 2020
million subscribers, CNBC reported. PYMNTS reported in August that Disney met its goal of subscribers for its entire empire, including Disney+, Hulu and ESPN , four years earlier than expected as the subscribers hit 100 million over the summer, with 60.5 On its Investor Day event Thursday (Dec. 10), Disney+ touted 86.8
PYMNTS
APRIL 9, 2020
percent : Share of education and training subscribers who would like to use pause features. percent : Portion of subscribers who are considering canceling because they can no longer afford their subscription. Data: 167M : Number of subscription service consumers in the U.S.
PYMNTS
FEBRUARY 5, 2020
As Spotify took on Amazon and Apple by launching promotions, the music streaming company registered a higher-than-expected 29 percent jump in premium subscribers in Q4 of 2019. Analysts, on average, were forecasting 122 million paid subscribers, but the company’s premium subscribers clocked in at 124 million for the quarter concluding on Dec.
PYMNTS
NOVEMBER 12, 2020
12) as part of its Q4 results that Disney+ had over 73 million paid subscribers at the conclusion of the quarter. million paid subscribers for ESPN+. million paid subscribers for Hulu SVOD Only and 4.1 million paid subscribers for Hulu Live TV + SVOD. The Walt Disney Company reported on Thursday (Nov. It reported 32.5
PYMNTS
JANUARY 14, 2020
The subscription business is also contending with the twin challenges of fraud and subscriber churn, forcing companies to increasingly turn to high-tech fraud-busting solutions to entice and keep subscribers. Gaining New Subscribers While Battling Subscription Fraud. The fitness subscription app, now worth $536.4
PYMNTS
NOVEMBER 3, 2020
Despite this robust growth, digital media and publishing subscription providers still have to confront subscriber churn. percent of digital media subscribers plan to end their services at the end of the pandemic, in fact, unless they’re given good reason not to. The report noted that 17.5
PYMNTS
NOVEMBER 16, 2018
MoviePass , the struggling movie theater subscription service owned by Helios & Matheson Analytics, saw its subscribers decline by a big rate during the third quarter. According to the Wall Street Journal, the dip in subscribers came after MoviePass began limiting customers to viewing three movies per month for the $9.95
PYMNTS
JANUARY 6, 2020
With so many streaming services competing for consumer attention, providing unique content might not be enough to earn subscribers. The pressure is on for providers to find new ways to gain an edge on their market rivals, and convince more would-be viewe rs to hit “subscribe.”. The answer may just lie in the sign-up process itself.
PYMNTS
JULY 1, 2020
One feature allows BMW owners to subscribe to specific hardware features that may have already been installed in a vehicle but weren’t activated when the vehicle was purchased. Keeping subscribers also requires merchants to provide additional features to maximize their user experiences and defeat churn.
PYMNTS
AUGUST 29, 2019
Millions of consumers are figuring out if they will subscribe to the service, and if that means other subscriptions will lag or be discarded. subscribers. million paid subscribers in the quarter globally, which was much less than the five million it had predicted. per-month basic offering. Globally, Netflix brought on 2.7
PYMNTS
JULY 16, 2020
consumers who subscribe to at least one subscription service. And in recurring payments, flexible features are becoming more important for subscription providers as many consumers are wary about their finances, and some feel they are juggling too many plans. All this, Today in Data. Data: 167.1M: Number of U.S. 31%: Increase in U.S.
CFO Dive
JUNE 16, 2023
The 23-year company alum is stepping down among a pending shareholder lawsuit and efforts by the company to restructure following ongoing subscriber loss for its streaming business.
PYMNTS
MARCH 12, 2019
The company that owns MoviePass admitted on Tuesday (March 12) they are unsure of how many paying subscribers are using the service. Bloomberg reported that in a filing, Helios & Matheson Analytics Inc. said it made a mistake in reporting $5.9 million in revenue from suspended subscriptions.
PYMNTS
OCTOBER 28, 2019
As Spotify Technology SA brought on more premium service subscribers than expected, the company came out ahead of Q3 revenue expectations and posted a surprise profit. The company forecast Q4 premium subscribers in a range from 120 million to 125 million. The mid-point of that range was in line with analyst estimates of 122.6
PYMNTS
MARCH 27, 2019
20 percent: Share of consumers surveyed in the latest Subscription Commerce Tracker who subscribed to a media service. 80 percent: Share of Americans in a particular demographic – 14 to 21 years old – who subscribed to internet-based video services last year.
PYMNTS
JULY 31, 2019
Sweden-based Spotify closed its second calendar quarter with 108 million paying subscribers worldwide and 232 million total monthly active users, up 31 percent compared to the same period last year, 9to5Mac.com reported Wednesday (July 31). In contrast, Apple Music has just a little over 60 million subscribers. . to 2 percent.
PYMNTS
NOVEMBER 19, 2019
Netflix isn’t suffering and has not lost subscribers following the launch of the new Disney+ streaming competition, CNBC reported on Tuesday (Nov. The findings are aligned with Wall Street forecasts; the majority of analysts do not think Netflix’s subscriber base will significantly drop due to the new Disney service. billion by 2022.
PYMNTS
NOVEMBER 14, 2019
Apple News+, the tech giant’s paid news service, has failed to add new subscribers since it launched in March, according to CNBC. Subscribers who use the service have access to about 300 top publications, including The Los Angeles Times and The Wall Street Journal. The service costs $9.99
PYMNTS
JUNE 24, 2019
When the series ended, however, HBO faced a different kind of battle: how to keep millions of fans subscribed to its streaming service in the post- GoT era. The fight for subscriber loyalty is something that major subscription markets (streaming, digital content and online gaming services) must face. percent and 83.3
CFO Dive
DECEMBER 6, 2022
WW International also continues to face headwinds in major losses of subscribers. Amy O’Keefe departs the company as a new chief people officer and chief data officer are appointed.
PYMNTS
NOVEMBER 22, 2016
Amazon has something to cheer about this holiday season: a lot of Prime subscribers. 21) that Amazon’s Prime subscribers in the U.S. According to the analyst, 83 percent of Prime subscribers purchased items in October compared to 49 percent of Amazon shoppers who are not Prime members. have climbed to 49.5
PYMNTS
FEBRUARY 26, 2019
Apple has announced that it’s releasing new tools to help developers keep current customers, and lure back past subscribers. “Apps with auto-renewable subscriptions will soon be able to provide a discounted price for existing or previously subscribed customers.
PYMNTS
OCTOBER 24, 2019
With additions to its internet subscribers but a loss in video users, Comcast Corp. The firm took on 379,000 high-speed internet subscribers, which surpassed the analysts’ average estimate of 344,000 net additions, per FactSet, Reuters reported. came out ahead of Wall Street estimates for third-quarter profits.
CFO News
JANUARY 30, 2023
For the FPO to be successful, the offer must be at least 90% subscribed today.
PYMNTS
OCTOBER 2, 2019
Our survey suggests that the majority (~75 percent) of Netflix subscribers do not intend to subscribe to either Disney+ or Apple TV+. The company surveyed about 1,500 Netflix subscribers and discovered that most won’t leave Netflix behind. .
CFO News
SEPTEMBER 12, 2023
million nnew EPF subscriber additions during FY20 to FY23 while 3.1 million new subscribers were added to the NPS during the period, the report said. Analysis of EPFO payroll data showed there were 48.6
PYMNTS
OCTOBER 17, 2019
Analysts from Barclays are predicting that Apple TV+ could see over 100 million subscribers in its first year — and raised the tech giant’s price target to $224 per share from $207 per share. We exclude sales to China, and our estimate of second and third devices at families.”.
PYMNTS
NOVEMBER 5, 2019
Peloton also said its connected fitness subscribers grew 103 percent to 562,774. Peloton was reportedly the first to combine bikes and treadmills with screens that allow subscribers to take part in fitness classes with others from their own locations. million,” said the company in its shareholder letter.
PYMNTS
APRIL 24, 2019
Revenue for telecommunications giant AT&T missed Wall Street expectations on Wednesday (April 24), due to a loss in subscribers throughout all of its various businesses besides wireless, according to a report by Reuters. Even with the wireless customer gain, the company paid significantly with price promotions.
PYMNTS
OCTOBER 11, 2019
Subscriber signup and churn are thus important challenges to tackle, both for established subscription companies and retailers looking to enter the subscription space or increase their share of subscribers. There are two key types of subscriber loss: voluntary and involuntary churn.
PYMNTS
NOVEMBER 19, 2018
Pandora, the music streaming service, is now enabling Pandora Premium subscribers to stream music through Amazon Echo devices and third-party speakers with Alexa built in. According to a report in The Verge , citing Pandora, users can stream songs, full albums and playlists from Pandora’s on-demand service to Echo devices.
CFO Dive
JULY 20, 2022
The streaming service pinched off its subscriber bleed and is trialing several features to bolster revenue, including paid sharing and advertising features.
PYMNTS
JANUARY 17, 2019
Stubs A-List subscribers – along with its Stubs Premiere members – are entitled to discounts at the box office and concession stand as well as priority lines, among other benefits. Considering that the average U.S. household has 2.6 people, the company claims that roughly 46 million members are tapping into its Stubs offering.
CFO Dive
APRIL 13, 2023
The apparel rental service narrowed its losses in Q4, with revenue and active subscribers up from last year.
CFO News
APRIL 18, 2024
Aditya Birla Group increased its stake in Grasim by 31 basis points to 43.06% in the March quarter by subscribing to the rights issue. For instance, Adani Group increased its stake in Ambuja Cement from 63.15% to 66.70% in the March quarter by converting the warrants issued in October 2022.
CFO Dive
MARCH 16, 2022
The Kyiv Independent uses a fintech platform and sends crypto to an exchange, which converts it into payments in local currency, the hryvnia, and lets subscribers pay their fees with non-fungible tokens (NFT), says CFO Jakub Parusinski.
The Reformed Broker
APRIL 29, 2023
And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. . The post This Week on TRB appeared first on The Reformed Broker.
The Reformed Broker
APRIL 1, 2023
And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. . The post This Week on TRB appeared first on The Reformed Broker.
The Reformed Broker
MARCH 25, 2023
And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. . The post This Week on TRB appeared first on The Reformed Broker.
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