Disney Shares Slump 8.5% After Announcing 4 Million Subscriber Loss, Plans to Remove Content

Having seen his 2024 White House bid embarrassingly misfire on the launch pad last week, Ron DeSantis is once again being mocked by both the Walt Disney Company and Donald Trump for his luckless battle with the Mouse House.

“I laughed til I cried and cried til I laughed.” That’s a snippet from The Marvelous Mrs. Maisel star Rachel Brosnahan’s Instagram post today on her thoughts after the final episode of the Emmy-winning series dropped on Prime Video. Brosnahan shared some behind-the-scenes images in a photo gallery followed by a video of the moments immediately after the final scene was shot. (Hint – there’s a lot of confetti).

Taylor Swift is enjoying another day in the Big Apple ahead of her big performance weekend!

LeBron James is reevaluating his future in basketball. The 38-year-old Los Angeles Lakers star was visibly disappointed on Monday during a post-game press conference after the Lakers lost to the Denver Nuggets in the 2023 West Conference, missing out on a championship win.When asked about his future with the Lakers, James remained vague at first, saying, «I haven't begun to even think about next year. We had a great run but we fell short of our goal and our goal is to win championships.

Ariana Madix is making a move. On Monday, the  star was spotted moving boxes out of the home she owns with her ex, Tom Sandoval, following his cheating scandal with Raquel Leviss.Madix was dressed casually for the big day, wearing leggings, sneakers and a sweatshirt as she carried boxes to a moving truck.She posted about the move on her Instagram Story, smiling as she posed in front of her boxes.

Robert De Niro and girlfriend Tiffany Chen enjoyed a night out in style while overseas at the Cannes Film Festival.De Niro, 79, and Chen hit up the Vanity Fair x Prada party on Saturday night at the Hotel du Cap-Eden-Roc in France and made a splash in matching black ensembles.The two-time Oscar winner rocked a classic black tux with a white shirt and dark tie, while Chen rocked a black zippered jacket over a black top and dark shades.The party outing came hours after De Niro and Chen walked the carpet at the Cannes Film Fest premiere of his new film, director Martin Scorsese's — in which he stars opposite Leonardo Di Caprio.De Niro rocked the same tux at the stylish premiere, while Chen shimmered in a glimmering black sequined gown and the same dark shades.De Niro's hotly anticipated new project took the festival by storm and reportedly earned a nine-minute standing ovation after its screening on Saturday, which bodes well for the long-awaited period drama.Meanwhile, the couple's Cannes appearance comes a few weeks after De Niro first revealed that he'd recently welcomed his 7th child. A few days later, on, Gayle King shared the exclusive first photo of De Niro and Tiffany Chen's daughter.The baby girl's name is Gia Virginia Chen-De Niro, and according to King, she was born on April 6 and weighed 8 lbs., 6 oz.

Charli D'Amelio is sharing an update on her sister, Dixie, following her hospitalization Thursday.The incident took place just hours before the family's D'Amelio Footwear shoe launch, which Dixie was expected to be a part of. Dixie's sister, Charli, spoke exclusively to ET at the event, where she shared that Dixie is doing better and will in fact be joining the family for the launch.«She was just dehydrated, and she got some fluids,» Charli told ET. «But she's gonna be at the D'Amelio Footwear launch tonight, so you will see her.

Todd Spangler NY Digital Editor Shares of Netflix jumped more than 10% Thursday on news that the streamer had signed up almost 5 million customers for its ad-supported plan within six months of launch. At Netflix’s first-ever upfronts event Wednesday — held virtually — the company touted that it had signed up nearly 5 million global monthly active users following its initial introduction in early November 2022. About 80% of viewing by subscribers on the ad plan is on a TV, and the median viewer age of 34, according to the company. In addition, Netflix said more than 25% of new customer signups are now choosing the ad plan in the 12 countries where it has been rolled out, including the U.S.

Foo Fighters have shared the ‘Under You’ — the latest single to be released from their forthcoming album — and announced a free global streaming event.Shared today (May 17), the single is the second that the rock veterans have taken from their upcoming 11th studio album ‘But Here We Are’, following on from ‘Rescued‘ last month.Set for release on June 2 via Roswell Records/Columbia Records, the LP will mark their first new material since the passing of drummer Taylor Hawkins in 2022.The band first teased the new track earlier this week by sharing a 25-second snippet online. This featured the emotive lyrics: “I woke up and walked a million miles today / I’ve been looking up and down for you / All this time it stills feels just like yesterday / That I walked a million miles with you.”The track is takes on an upbeat pop-rock sentimentality, with both singles drawing upon the emotive rock sounds of their 1995 self-titled debut, and the dynamic songwriting seen with their fan-favourite LP ‘The Colour And The Shape’.

Patrick Frater Asia Bureau Chief iQiyi, the Chinese video streamer that began a turnaround last year, reported further growth in profits in the first quarter of 2023. It said that daily subscription numbers had grown by 17 million in the past three months. Total revenues were RMB8.3 billion ($1.2 billion), increasing 15% year over year, the company said in a regulatory filing on Tuesday that covered the January to March period. Net income attributable to iQIYI was RMB618 million ($90.0 million), compared to net income attributable to iQIYI of RMB169 million in the same period in 2022. The average daily number of subscribing members, excluding trial memberships, for the quarter was 128.1 million, compared to 100.8 million for the same period in 2022 and 110.9 million for the fourth quarter in 2022. Subscription revenue per user was little changed at RMB14.35 ($2.07).

A simple change in diet helped a woman shed over four stone in weight.

Naomi Osaka is speaking out about critics of her career.

Disney is the DJIA’s worst performer today with shares down over 8% after reporting fiscal second quarter earnings that were mixed and a bit messy as the company and industry reset.

Disney+ saw its average monthly revenue per user in the U.S. and Canada surge 20% during the second fiscal quarter of 2023, increased from $5.95 to $7.14 due to an “increase in average retail pricing.” CEO Bob Iger told analysts on the company’s quarterly earnings call Wednesday that a recent increase in the price of the streaming service was “de minimis.”The company continued to see losses shrink in its direct-to-consumer division.

Jennifer Maas TV Business Writer Disney+ shed another 4 million subscribers in the first three months of 2023, marking the Disney-owned streamer’s second consecutive quarterly drop after closing 2022 with its first-ever decline. On the bright side, the Mouse House also managed to narrow its streaming business losses by $400 million, down 26% year over year. On Wednesday, CEO Bob Iger and Co. beat Wall Street estimates for Disney’s quarterly earnings and revenue due to an impressive Jan.-March showing at the company’s theme parks. That win comes during a fiscal Q2, which concluded April 1, plagued by companywide layoffs, a looming (and now active) writers strike, and a turf war with Florida Gov. Rick DeSantis.

were expecting Disney to report earnings of $0.88 per share on revenue of $21.7 billion. Disney shares closed Wednesday at $101.13 per share, down 1% today and 13.7% YTD.

Fox Corp. said it swung to a $50 million loss last quarter from a $290 million profit the year before mostly due to the cost of a legal settlement with Dominion Voting Services.

Spreading love. Heather Rae El Moussa (née Young) reflected on “negativity” in the world after receiving criticism for posting about her newborn son’s first flight on a private jet.

Despite having a bone to pick with last year’s Met Gala, Lizzo appeared at Anna Wintour’s pre-Met Gala dinner on Sunday night.

In new clips released from the upcoming season three of The Kardashians, the sisters are concerned about Khloe Kardashian, who in recent months has been losing weight and not sleeping properly.The new season, coming to Hulu and Disney+ on May 25, shows that Khloe and her health concerns are a worry for the close family, with Kendall Jenner, 27, saying that she "doesn't sleep, she lost a lot weight,' as viewers are shown scenes at a doctor's office where Khloe is sitting with her newborn son. Some fans have speculated that 38-year-old Khloe has been using diet drug Ozempic in recent months amid her weight loss, although the star has always denied this.