LOS ANGELES: Walt Disney Co lowered its long-term subscriber forecast for Disney+ customers on Wednesday, blaming the loss of cricket rights in India, but stuck with its target date for turning a profit from the company's big push into streaming television.
The adjustment came from reduced expectations for India, where the company is losing streaming rights for Indian Premier League cricket matches. In the just-ended quarter, Disney edged past Netflix in total streaming customers. The Mouse House added 14.4 million Disney+ customers, beating the consensus of 10 million expected by analysts polled by FactSet, as it released Star Wars series Obi-Wan Kenobi and Marvel's Ms Marvel.
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