Go for It (1983 film)
1983
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News
By Tom Power
published 9 February 2023
A not-so-spellbinding time for the streamer
Disney Plus has lost a large chunk of its user base (Image credit: Shutterstock / Ivan Marc)
Disney Plus has enjoyed plenty of success since its March 2020 launch – but the wheels have have now started to come off its subscriber-filled wagon.
Unsurprisingly, Disney's reaction to its diminishing Disney Plus user base is to try and save face. Or, rather, cash.
To that end, Bog Iger, who recently returned as Disney's CEO, announced plans to cut costs by $5.5 billion across the company. That's despite Disney seeing an 8% year-on-year increase in revenue, with the entertainment behemoth netting $23.5 billion in 2022; although that boost to its profit margins is largely down to Disney's suite of theme parks, which posted a combined 27% increase compared to 2021.
However, Disney's direct-to-consumer division – i.e., Disney Plus, Hulu, and ESPN Plus – saw a 13% increase in their revenue, which increased to to $5.3 billion. That's in spite of the streaming trio's operating costs rising from $0.5 billion in 2021 to $1.1 billion last year. With Hulu and ESPN Plus also adding new users to their current fanbases – 800,000 and 600,000 respectively – Disney might be jumping the gun with its money-saving measures.
Iger also confirmed that Disney's cost-cutting measures would lead to a significant reduction in its workforce. Per the company's Q1 2023 earnings call, Iger revealed that Disney would cut "approximately 7,000 jobs" across all sectors, adding: "I do not make this decision lightly. I have enormous respect and appreciation for the talent and dedication of our employees worldwide, and I'm mindful of the personal impact of these changes."
There are multiple reasons for the sharp downturn in Disney Plus' fortunes.
First, its library of content. It isn't a secret that Disney relies heavily on Marvel and Star Wars content to a) get bums on seats in theaters, and b) to tempt people to sign up to its main streaming platform.
However, the franchises have been conspicuous by their absence from Disney Plus in recent months. The last Marvel TV show to air on the service – She Hulk: Attorney at Law – ended in mid-October. While there have been Marvel Cinematic Universe (MCU) TV specials since, namely Werewolf by Night and The Guardians of the Galaxy Holiday Special, neither production is the long-form content that Disney Plus needs to keep viewers engaged.
The same is true for Star Wars. Star Wars: Rogue One prequel series Andor is arguably the best Star Wars show ever, yet its season 1 finale aired on November 23. Add in the fact that, despite critical acclaim, Andor's audience demand lagged behind The Mandalorian and Obi-Wan Kenobi, and it wasn't the sure-fire hit Disney expected it to be.
To be fair, there is a Star Wars TV series currently airing on Disney Plus – The Bad Batch season 2. Like Andor, though, it doesn't hold the same appeal as The Mandalorian, meaning the streamer's more casual audience isn't likely to be tuning in.
And that's the wider problem Disney Plus faces. Yes, some of the best Disney Plus shows have joined the platform in the last few months – Extraordinary, Willow, and Limitless With Chris Hemsworth to name three. These programs, though, aren't the subscriber drivers, or even user retainers, Disney needs them to be. If people don't believe they're getting value for money, they're more likely to cancel their subscriptions.
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Is Double Trouble streaming? Find out where to watch online amongst 200+ services including Netflix, Hulu, Prime Video.
- (34)
- 14
- Norman Taurog
- 91 min
Apr 15, 2018 · Is Double Trouble (2018) streaming on Netflix, Disney+, Hulu, Amazon Prime Video, HBO Max, Peacock, or 50+ other streaming services? Find out where you can buy, rent, or subscribe to a streaming service to watch it live or on-demand.
Double Trouble is a 1992 action comedy film released theatrically in limited release on February 14, 1992 and on home video. It stars the "Barbarian Brothers"—Peter and David Paul—and is directed by John Paragon.
Double Trouble. Watch Double Trouble with a subscription on Prime Video, rent on Fandango at Home, or buy on Fandango at Home. Brawny burglar Peter Jade (Peter Paul) is an infamous criminal...
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