StockNews.AI
DIS
New York Post
7 hrs

Over 1.7M users cancelled Disney+, Hulu and ESPN subscriptions following Jimmy Kimmel suspension

1. Disney lost 1.7 million streaming subscribers in six days. 2. This represents a 436% increase in cancellation rates. 3. Jimmy Kimmel's suspension prompted calls for a boycott. 4. Kimmel's show ratings dropped significantly after his return. 5. Disney plans price increases for streaming services next month.

6m saved
Insight
Article

FAQ

Why Very Bearish?

The large number of subscriber cancellations indicates significant loss of revenue potential. Historical precedents show that subscriber loss impacts stock prices negatively (e.g., Netflix subscriber drop in 2022 led to an immediate price decline).

How important is it?

The article directly discusses significant subscriber losses and potential political ramifications affecting revenue. Such events warrant close investor attention due to their direct correlation with stock performance.

Why Short Term?

Immediate impacts on stock price observed due to subscriber churn and public perception. Historically, quick consumer responses (e.g., Netflix cancellations) lead to rapid share price adjustments.

Related Companies

Related News