by Simon Kent
Breitbart.com
Disney’s traditional television business continues to decline with operating income at so-called linear networks dropping sharply by 11 percent to $1.1 billion in the last financial quarter.
Subscribers for the company’s flagship streaming video service, Disney+, slipped one percent from the prior quarter to 124.6 million, Reuters reports.
The company had warned of a drop in subscribers because of a price increase that took effect in October. It also forecast a modest decline in Disney+ subscribers in the second quarter, compared to the first.
Advertisers are also hesitant to engage with Disney+.
As Breitbart News reported, the streaming service is reportedly facing an exodus of advertisers from its ad-supported tier after subscriptions failed to meet expectations last year and several high-profile Star Wars and other Lucasfilm series flopped with viewers.