Disney is taking a note out of Warner Bros. Discovery notebook, as the company announced it will cut content from Disney+ and Hulu on their latest investor call. In addition to removing content from Disney+ and other streaming services, the House of Mouse also told investors they would be producing less content moving forward.
No company is an island in the age of financial capitalism, and even powerhouses such as Disney need to justify their business strategies to outside investors. In the latest Disney investor call, last Wednesday, May 10, the company commented on Disney+ recently losing more than two million subscribers, the service’s first significant drop in clients since its 2019 release. To diminish expenses, Disney CEO Bob Iger assured investors the company would be more careful about green-lighting new TV shows and movies, as all the content made for Disney+ should be aimed at retaining or growing the streamer’s subscribers.
