Disney+ faces subscriber decline and strategic content changes.

Disney+ lost 4 million subscribers in Q2 due to struggles of its low-cost Disney+ Hotstar service in India, marking the second straight quarter of subscriber loss. However, the company's streaming businesses posted an operating loss of $659 million, down from $887 million in the same quarter last year. Disney plans to create a "one app experience" for domestic customers by adding Hulu content to Disney+. The company expects to take a $1.5 billion to $1.8 billion write-down for removing certain content from its streaming platforms and is looking to reduce the amount of content it produces for streaming.