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Disney+/Hulu hiked prices this week, the most recent of many streaming service increases. Churn is a concern, but entertainment giants haven't blinked yet.
Netflix's ad-supported tier, which launched in November 2022, has reached 70 million global monthly users.
Netflix said its subscribers grew 16% to 269.6 million, but said it would no longer regularly report the metric starting next year.
Disney CEO Bob Iger said Thursday on CNBC that the company will cut back on its content creation for major franchises Marvel and Star Wars.
More than 450 million people use Spotify, and almost 200 million people pay for it. But it still loses money.