Disney Plus to start turning a profit! Target is 7.5 million new subscribers!

It was previously announced that the Disney Plus platform lost 1.3 million subscribers and incurred losses in the final quarter of 2023, but it is now being suggested that it may soon begin to turn a profit. Operating losses have been found to have decreased to 138 million dollars, and it is stated that the platform's long-term broadcasting agreement with the sports channel ESPN has played a significant role in this.

While it usually takes time for large-budget streaming platforms to start turning a profit, the platform on which Disney has pinned its hopes is expected to gain an estimated 7.5 million subscribers in the coming quarter. Furthermore, it is projected that the company, which has made subscription sharing quite restricted, will significantly increase its revenue.

Disney CEO Bob Iger claims that since his return to the position, Disney Plus has entered a recovery trend and that the platform's increasing performance is promising for the future. He also added that the collaborations they have made and will make with many different film and series producers will contribute to their goal of becoming the world's most-watched streaming platform.

It has long been known that Disney wants to integrate its Plus platform with gaming content. Iger describes their recent acquisition of Epic Games as one of the largest investments the company has made. According to initial leaks, a collaboration will be formed with Epic's Fortnite game series, and as a result of this collaboration, many popular Disney characters are expected to join Fortnite. When this project is realized, Disney Plus content is also expected to benefit from it.

News Source: 12punto