Disney+ Hotstar loses 12.5 million subscribers; CEO sheds light on ‘strategic’ options for TV business
Disney’s streaming service, Disney+, has experienced a third consecutive quarter of declining subscribers, mainly due to the loss of 12.5 million paid subscribers from Disney+ Hotstar during the third quarter ending on July 1, 2023. This drop is the largest decline ever recorded since the company started disclosing its paid member count in April 2020. …