Disney Shares Netflix’s Pain on Fickle User Sign-Ups

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While analysts, on average, were calling for about 10 million new Disney+ subscribers for the soon-to-close fiscal period, Chapek projected the final result will be in the “low single-digit millions.” Some of this tempered growth is an aftereffect of changes to the Indian Premier League cricket season and “a slower ramp up” for Disney+ in Latin America, he said. On top of that, the resurgence of Covid cases because of the delta variant is creating production delays again, which are temporarily affecting the number of new programs that are available. Without new stuff to watch, viewers lose interest. Initially, delta curbed travel to Disney’s theme parks as well, but demand has recovered since the U.S. Labor Day weekend, he said.

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