Disney's recent underperformance at the box office has led to reduced profits for its studio division.
Due to rising prices, competition from other attractions, and economic uncertainty, Disney's theme parks, a substantial revenue source, are declining.
Netflix, Warner Bros. Discovery, and Amazon are all investing heavily in streaming programming, putting pressure on Disney's market share.
In 2023, Disney+ saw its first-ever subscriber fall, due to the loss of Indian Premier League cricket rights, price increases & streaming competition.
Due to the collapse of traditional television, they switched to streaming, which is a costly and difficult process.
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