Disney+ loses 4m subscribers amid exodus in Indian market

Lost cricket rights prompts outflow but streaming service almost halves losses while theme parks boom

Disney, known for Pixar, Star Wars and Marvel movies, said its flagship streaming service lost 4 million subscribers in the first three months of the year.

Subscribers to Disney+ services, home to movies such as Toy Story, Monsters, Thor and Black Panther, fell to nearly 158m from January to March, the second quarter of customer losses after a 2.4 million drop in the previous three months. Analysts had expected Disney to add more than 1 million customers in the quarter. The shares fell nearly 5% in after-hours trading.