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Los Angeles Times
Los Angeles Times
Business
Ryan Faughnder

Bob Iger signals ‘significant transformation’ as Disney+ loses 2.4 million subscribers

Bob Iger Disney Nelson Peltz Bob Chapek Walt Disney Co Entertainment Mark Parker

Bob Iger is back at Walt Disney Co., but that doesn’t mean the entertainment giant is out of the woods yet.

The company’s marquee streaming service Disney+ lost 2.4 million subscribers during the first quarter, bringing its total count to 161.8 million, mainly stemming from declines in its Disney+Hotstar product in India.

The service gained subscribers elsewhere, adding 1.4 million subscribers in the U.S. and internationally, not including Hotstar.

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