Disney presented the financial report of the last three months of last year with some important points. First of all, the loss of users of its streaming platform and the announcement of layoffs to save costs.

The company provides this Disney+ It lost a total of 2.4 million subscribers in the last quarter of 2022, the most since the app launched in November 2019.

This represented 1% of the platform’s total users, which grew from 164.2 million subscribers to 161.8 million. One of the reasons for this decrease will be the increase in prices, which occurred during this period and increased from 8 to 11 dollars per month.

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Getting fired at Disney

Another important point is the departure of employees, which will be presented throughout The Walt Disney Company. A total of 7,000 employees will leave, representing 3% of the company’s current workforce.

What the company is looking for is savings of up to $5,500 million, of which $3,000 million will come from the content area, excluding sports, and other sectors such as marketing, labor, technology and others.

The decision, which adds to the decision that many other companies have made in recent months, as it happened Amazon, Meta, Microsoft, Google, Twitter etc.

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Although according to DeadlineAnother important part of this decision is provided by BOh yes as CEO last November. The manager is planning a corporate restructuring by changing the structure of certain areas that were implemented with the previous administration and will try to get rid of them completely. Disney Media and Entertainment Distribution (DMED).

Despite this scenario, the financial results show positive figures for revenue growth, as compared to the same period in 2021, an increase of 8% was recorded.

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all, Disney It reported revenue of $23.5 billion, as well as adjusted earnings per share of $0.99.

These good numbers are largely attributed to theme parks. In this area, the company had revenue of $8,376 million in the last three months of last year, up 21% compared to the same period in 2021, when various restrictions were still in effect in certain countries due to the pandemic.

Disney has confirmed the new movies

In between all these announcements there was also room for new content. A fifth of them Toy storyThe third installment frozen and to continue Zootopia.

“We’ll have more to share about these products soon, but this is a great example of how we’re building on our unmatched brands and franchises,” he said. Bob IgerThe current CEO of the company.

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Although very little is known about these upcoming films, some experts speculate that in the case of the franchise Toy story, His story will continue after the previous installment to complete the closure of Woody and Buzz Lightyear’s story.

On the other hand, it is assumed that Frozen 3 There would be the return of Kristen Bell and Idina Menzel. Although Zootopia already had a TV series last year, and it seems that after the success, the franchise will continue in cinema.