Disney offers streaming service discount for a month to boost subscribers
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Nov 8 (Reuters) – Walt Disney Co said on Monday it was offering a month of Disney+ for $1.99 for a limited period, as the entertainment giant seeks to stem a slowdown in paid user growth at its streaming service.
The promotion will begin on Nov. 8 and will be valid for a week through Nov. 14 for new and eligible returning subscribers in the United States and some other countries, Disney said in a statement.
Disney, which charges $7.99 per month for its streaming service in the United States, recently hinted at a slowdown in subscriber growth in Disney+, leading to a rare Wall Street downgrade.
Disney+, which has “Star Wars” and “Avengers” franchises in its portfolio, picked up more new subscribers during the COVID-19 pandemic as theater closures prompted more people to turn to digital streaming to quench their entertainment needs.
As part of the promotions marking the launch of Disney+ two years ago, the company said it would provide other offers including an early entry into its theme parks for eligible subscribers.
Disney will report its fourth-quarter results on Wednesday.
(Reporting by Nishit Jogi in Bengaluru; Editing by Ramakrishnan M.)
Photo – The Disney Plus logo. EPA-EFE/CHRISTIAN MONTERROSA
