Walt Disney has just posted a staggering loss as subscriptions for the company’s streaming service have plummeted.
In the second quarter of this year, Disney suffered a $460 million loss.
The company is raising the prices of its streaming services Disney+ and Hulu by as much as 27 percent.
The price hike comes after a series of “woke” film remakes bombed at the box office.
Visits to Walt Disney World in Florida have also fallen considerably amid the company’s war with Gov. Ron DeSantis.
Customers with Disney+ will see their monthly costs for the ad-free service rise by 27 percent, from $11 to $14.
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