Disney+ Subscriber Losses Rise Amid Jimmy Kimmel Suspension and Content Changes

1 min read
Source: TipRanks
Disney+ Subscriber Losses Rise Amid Jimmy Kimmel Suspension and Content Changes
Photo: TipRanks
TL;DR

Disney's stock declined following a surge in subscriber cancellations after suspending and reinstating 'Jimmy Kimmel Live!' due to controversial comments, highlighting the impact of cultural flashpoints on streaming subscriber behavior. Despite cancellations, Disney+ and Hulu saw new sign-ups, and the company plans to raise prices, with analysts maintaining a strong buy rating and a 25% upside potential for DIS stock.

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