The Walt Disney Co. has lowered its target for Disney+Hotstar subscribers in India and other Asian countries from 100 million to 80 million by the end of FY24.
Disney+’s entire subscriptions will decrease from the initial forecast of 230-260 Mn to roughly 215-245 Mn by FY24. Senior executive vice president and chief financial officer of Walt Disney, Christine McCarthy, stated on the company’s earnings call that “We are revising subscriber guidance for Disney+ Hotstar to up to 80 Mn customers by the end of fiscal 2024.” McCarthy stated that after the ICC and BCCI cricket rights sales processes are finished, Walt Disney will further hone this aim.
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Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.
The Walt Disney Co. has lowered its target for Disney+Hotstar subscribers in India and other Asian countries from 100 million to 80 million by the end of FY24.
Disney+’s entire subscriptions will decrease from the initial forecast of 230-260 Mn to roughly 215-245 Mn by FY24. Senior executive vice president and chief financial officer of Walt Disney, Christine McCarthy, stated on the company’s earnings call that “We are revising subscriber guidance for Disney+ Hotstar to up to 80 Mn customers by the end of fiscal 2024.” McCarthy stated that after the ICC and BCCI cricket rights sales processes are finished, Walt Disney will further hone this aim.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.
