As Disney+ loses subscribers, Netflix announces $300 million cut

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Some alleged contingency plans have been widely publicized by the US press. streaming companies, especially Disney+, exclusive streaming for Mickey Mouse company productions, and the Netflix.

To give you an idea, according to the Wall Street Journal, a periodical specializing in financial market news, Netflix intends to save US$ 300 million in 2023.

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According to the newspaper, the company's efforts are to contain excessive spending and thus reverse the decline in the number of subscribers that is being felt in countries like Spain.

The company Kantar, which specializes in market analysis, recently informed that, according to some of its surveys, Netflix lost more than a million subscribers in Spain alone after it decided to crack down on password sharing.

Password sharing is a very common practice among platform subscribers, but is now the focus of discussion. Netflix's goal with its repression is to "force" those who want to watch the content to subscribe to one of its packages.

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As Netflix tries to rein in spending and tidy up house, Disney CEO Bob Iger announced that new measures will be taken to reverse the loss of more than four million subscribers that Disney + had recently.

As the executive said, one of the main cards in the company's sleeve is the attempt to increase the value of contracts with advertisers to cover part of the financial gap left by the loss of subscribers.

On the other hand, specialists assess that this measure may further worsen the company's situation, since increasing the price of advertisements will interfere, one way or another, with the price of streaming subscriptions, which may irritate subscribers who still resist.

Some experts point out that these and other small crises of streaming services tend to tire consumers, who are more likely to “return” to cable TV and abandon the platforms.

Graduated in History and Human Resources Technology. Passionate about writing, today he lives the dream of acting professionally as a Content Writer for the Web, writing articles in different niches and different formats.

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