The Town with Matthew Belloni
Disney’s Streaming Profits and Parks Problem
Aug 7, 2024
Brooks Barnes, a New York Times staff reporter specializing in entertainment, joins to unpack Disney's recent financial struggles. They dive into the reasons behind declining park attendance and rising customer dissatisfaction due to price hikes. The conversation explores streaming profitability, expected price increases for Disney+ and Hulu, and Bob Iger's reputation among fans. They also tease the exciting developments anticipated at the upcoming D23 conference, alongside a discussion on the box office prospects for 'Borderlands' and 'It Ends With Us'.
33:27
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Quick takeaways
- Disney's streaming services have recently became profitable through strategic price hikes and bundling to address stagnating subscriber growth.
- Customer dissatisfaction over price increases has led to decreasing profits from Disney parks, highlighting changing consumer demand and economic pressures.
Deep dives
The Impact of the Sony Pictures Hack
In the fall of 2014, a significant breach occurred when hackers infiltrated Sony Pictures' computer servers, leading to the release of hundreds of thousands of confidential documents. This unprecedented attack not only disrupted the film industry but also instigated an international incident that affected numerous lives. The fallout from the hack prompted heightened cybersecurity concerns across Hollywood and beyond, showcasing the vulnerabilities that even major corporations face in the digital age. The incident fundamentally altered the industry, forcing studios to reassess their security measures and data management practices.
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