On May 26, Disney pulled shows like The World According to Jeff Goldblum, Y: The Last Man, The Mighty Ducks, Turner & Hooch, Willow, Maggie, Dollface and the 2022 Cheaper By the Dozen off of its streaming services.
Disney removed more than 50 titles from both Disney+ and Hulu, including dozens of full-length films and series, in an attempt to cut costs. The full list of what Disney+ cut from their platforms was staggering. Below, you can see what IPs are now joining the Disney+ graveyard.
The move, which occurred on 30 June, follows the removal of the recent Willow series, a spin-off of the 1988 film of the same name. Brian K Vaughan's adaptation of Y: The Last Man and documentary series The World According to Jeff Goldblum have also been cut from the service.
We've learned via ScreenRant that one of the biggest reasons to remove a title is due to licensing fees. Those fees are paid to the owners of that content and they end up being the primary cost for streaming services. That means when Disney removes shows, they can save money by not having to pay those licensing fees.
The Disney+ Premium plan, which features no ads, will increase by 27 percent (going from $10.99 to $13.99 per month). A Disney+ subscription with ads will stay at $7.99 per month, and Disney+ and Hulu bundles with ads will remain at $9.99 per month.
No, we are not detecting any problems with Disney Plus right now. We last detected an outage for Disney Plus on Tuesday, October 3, 2023 with a duration of about 45 minutes.
Dozens of shows to be pulled from Disney+ and Hulu in cost-cutting move. Impacted titles include Willow, Y: The Last Man, The World According to Jeff Goldblum, and Big Shot. Disney is trimming down its streaming offerings.
Disney+ subscriptions fell from 157.8 million worldwide to 146.1 million, a loss of 11.7 million — more than doubling last quarter's record decline, and it included a decrease of 300,000 in the U.S. and Canada where subscribers fell to 46 million.
Disney announced in mid-May that 40 shows would be removed from Disney+ and Hulu, including some popular Disney+ original series like Willow. The decision to remove streaming content appears to be a cost-cutting measure by Disney, as well as a response to internal changes to their content creation strategy.
Disney+ and Hulu will be merging their content libraries into one app, though the streaming services will remain separate. Hulu is majority-owned by Disney, who currently holds a 67% stake in the streaming service.
No, Hulu content isn't being "moved" to Disney+ — instead, you'll be able to access your existing Hulu subscription through Disney+ instead of through a standalone app. Think of it like accessing Max through Prime Video in a way.
Disney claims it needs to destroy the content to cut costs on platforms that aren't making money, but experts say the company is overstating the value of its content — which could ultimately help the company pocket a higher tax break.
Following Disney's confirmation that some movies and TV shows would be leaving Disney+, the streaming platform has removed 12 movies from its catalog. Disney announced in mid-May that 40 shows would be removed from Disney+ and Hulu, including some popular Disney+ original series like Willow.
In fact, Disney has underperformed the market over any time frame over the last 10 years, and it's no secret why. The company has struggled with the transition from linear TV to streaming, which was hastened by the pandemic.
The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2023. BURBANK, Calif. —The Walt Disney Company (NYSE: DIS) today reported earnings for its third quarter and nine months ended July 1, 2023. Revenues for the quarter and nine months grew 4% and 8%, respectively.
But more could be ahead, as Disney deals with the fallout from losing streaming rights to the Indian Premier League (IPL) cricket games, which had aired on the Indian version of the service, Disney+ Hotstar. Indeed, all the losses could be attributed to India, where subscriptions were off by 4.6 million.
Removing streaming titles is part of the company's cost-cutting measures, and a tactic employed by other streamers including HBO Max and Starz in recent months. Disney also recently began laying off thousands of employees and announced plans to fold Hulu content into Disney+ for subscribers of both services.
For companies like Disney, Paramount, and Warner Bros. Discovery, every show on their platform is an asset. If an asset's value declines more rapidly than anticipated, you can “write down” its value, meaning it's now worth less; that ultimately creates a loss on your balance sheet, which translates to a tax deduction.
Although Disney+ did experience a dramatic rise which was faster than Netflix's claim to fame, there is a reason as to why Netflix is still taking over Disney+, and that is because Disney+ has hit its peak and is now falling down its own hill. Recently, Disney held their Q3 2023 Earnings Call.
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For many Marvel, Pixar or Star Wars fans, the featured content available on Disney+ is worth the monthly fee. For parents of small children, the large amount of quality kids' content makes it stand out amongst streaming services.
