As Disney Keeps Streaming Data Close To Vest, CEO Bob Chapek Calls Ramp-Up Of Franchises “The Best Insulation We’ve Got”
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More than a year after launching Disney+, a clear success with just shy of 94.9 million global subscribers, Disney has so far reported the least amount of viewership data of any major streaming competitor.
The company’s quarterly earnings call today with Wall Street analysts continued the close-to-the-vest trend, apart from the set of streaming numbers included historically in quarterly financial filings. But even that disclosure appears to be heading for a notable change.
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“Given that we are past the launch year of Disney+, we no longer intend to update our DTC subscriber numbers as of our earnings dates,” CFO Christine McCarthy said. “But we will continue to provide you with quarter-end subs. We may choose to make additional disclosures when we hit certain milestones.”
Soul, for instance, has been tracked in the U.S. by Nielsen, and downloads of the Disney+ app have been monitored by third-party mobile research firms like Sensor Tower, linking it to certain key releases. But Disney has not offered anything other than a few brief adjectives about the Christmas release of Soul, or any other film or series to hit Disney+ since it went live in November 2019.
“We were absolutely thrilled in terms of what that brought to our business,” CEO Bob Chapek said of Soul during the earnings call, “in terms of both acquisition and retention. I would say it was a big hit with our subscriber base.”
Mulan, which was a Premier Access release last fall at a $30 premium for Disney+ subscribers, “was successful, to the extent that we’re also using it on Raya and the Last Dragon,” Chapek said. Next month, Raya will be available as a $30 title for subscribers, with a no-fee release on Disney+ to follow later in the year. He said “individual decisions” would continue to be made as to release patterns, based on many variables. Some movies – like, for now, Black Widow — will remain theatrical and others will go straight to Disney+. Some titles could well end up serving as “another data point in our exploration of Premier Access day-and-date with theatrical.”
Streaming numbers across the industry are parceled out a lot more carefully than box office revenues or Nielsen ratings, for a lot of logical reasons. Simply put, companies generally don’t have an obligation to disclose anything. Premium cable networks when they were ascending decades ago never used to reveal ratings like ad-supported networks felt compelled to. The number of subscribers was their alpha and omega. So it can be said for streaming. Yet it’s still striking that other major players like Netflix, HBO Max, Peacock — and even Amazon Prime Video and Apple — have put a finer point on their streaming efforts than Disney has.