Disney+ loses subscribers for second quarter in a row, drops 4M subs

As Disney approaches its third round of expected layoffs and deals with production delays due to the ongoing writers strike, the company delivered more bad news to investors. Its flagship streaming service, Disney+, lost a whopping four million subscribers in Q2 2023, bringing the total to 157.8 million subscribers, compared to 161.8 million subs in the previous quarter. Analysts expected 163.17 million.
The main reason behind the decline was because of Disney+ Hotstar, which shed 8% of its subscriber base, going from 57.5 million subs in Q1 2023 to 52.9 million. Many viewers in India are upse

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