Disney Just Lost 7 Million Subscribers. Does That Even Matter for DIS Stock?

Core Insights - ABC and its parent company, Walt Disney, are experiencing significant subscriber losses due to the suspension of late-night talk show host Jimmy Kimmel following a controversial incident [1][2][3] Subscriber Impact - Approximately 7 million subscribers cancelled their Disney+ and Hulu subscriptions after Kimmel's show was taken off the air from September 17 to September 25 [2][4] - Disney reported a total of 183 million subscribers for Disney+ and Hulu at the end of the second quarter, indicating that the loss of 7 million subscribers is a substantial setback despite adding 2.2 million new Disney+ subscribers and 2.1 million new Hulu subscribers in September [4] Stock Performance - Disney's stock has shown minimal growth, with a year-to-date increase of only 0.36%, compared to a 15.5% return in the S&P 500 [5][6] - The company has a market capitalization exceeding $200 billion, highlighting its status as a major entertainment conglomerate beyond just streaming services [5]