AssetID: 53193494
Headline: UNCAPTIONED: Disney's Q4 results narrow streaming losses to $387 million
Caption: Disney's Q4 Results Narrow Streaming Losses to $387 Million. 'Variety' reports that Disney+ exceeded 150 million streaming subscriptions in Q4, up from 146.7 million in Q3. On November 8, Disney reported that Core Disney+ subscriptions had hit 112.6 million, while India's Disney+ Hotstar reached 37.6 million. Despite this, Disney's overall streaming business saw Q4 losses of $387 million. "Our results this quarter reflect the significant progress we’ve made over the past year." "While we still have work to do, these efforts have allowed us to move beyond this period of fixing and begin building our businesses again." On November 8, stock in Disney closed at $84.49 per share. 'Variety' reports that Disney CEO Bob Iger is scheduled to host a conference call with other Disney executives to discuss Q4 results in greater detail. "We have a solid foundation of creative excellence and innovation built over the past century, which has only been reinforced by the important restructuring and cost efficiency work we’ve done this year, and we’re on track to achieve roughly $7.5 billion in cost reductions." "Combined with our portfolio of valuable businesses, brands and assets – and the way we manage them together – Disney has a strong hand that differentiates us from others in our industry." Bob Iger, Disney CEO, via 'Variety'. Iger went on to state that Disney will strive to "create lasting growth and increase shareholder value" with "purpose and urgency”. THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Bob Iger,Disney,Q4,Results,Streaming,Losses,Disney+,November,Period,Progress,Subscriptions,CEO,Variey,Statement,Business,Hotstar,Conference
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