Slowing Disney Plus subscriber growth, analysts downgrade Disney's investment rating on Wall Street.


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Last month, Disney CEO Bob Chapek hinted at a slowdown in Disney Plus, saying the number of paid subscribers in the fourth quarter of this year would grow slower. Compared to growth of 58.5 million in the previous quarter.

Disney Plus is one of the streaming platforms with the most movies and series. It made a big debut in 2019, drawing followers with hits like Star Wars and Avengers, while rival platforms Netflix, Apple TV Plus and Amazon Prime Video will be investing heavily in their own cinematic channels to attract followers.




“While the (Disney) company appears to be aiming at one new content per week, But not every content has business value or tangible value,” said Kannan Wenketschwar, an analyst at Barclays. If Disney Plus is to meet its 230-260 million subscriber target by 2024, Disney will need to grow faster than it does twice. as much as now

Competitor Netflix, which is due to report quarterly results today, had 290 million subscribers at the end of Q2, while Disney Plus had 116 million paying customers.

Disney stock value The level of investment that has never lowered its investment attractiveness level fell around 3.01% when the stock market was closed on Monday morning.