Disney has recently filed its financial report with the UK’s Companies House for its European, Middle East, and Africa division, highlighting that between October 2022 and October 2023, the division generated revenue of  £3.8 billion ($4.9 billion) and a profit of almost £571 million, which is up from £402 million in 2022.

The report highlighted that these results were mainly driven by Disney+ and a strong performance in motion pictures in the period, offset by a downside in licensed content distribution.

It’s likely to increase next year following a reduction in the creation of originals, a major price rise for Disney+ and also the introduction of the ad-supported tier in late 2023.  Disney has also been licensing out more original content to other platforms like the BBC, Channel 5 and Channel 5, so that’ll also likely result in a big bump next year.

During a recent appearance at the 2024 Deloitte and Enders Media and Telecoms and Beyond Conference, EMEA President, Jan Koeppen, shared some details on the success of Disney+ within the region:

“It’s just over four years since we began the European launch of Disney Plus and today, it’s firmly established in the lives of tens of millions of customers in 85 territories across Europe, the Middle East and Africa. Something that might surprise you is that around half of those customers are households without children. Disney Plus is a product with broad appeal – and this of course has a lot to do with the wide variety of content that we offer. I’ve already mentioned the impact of our movies, so let me focus on another aspect that might be less familiar. In this region, Disney Plus offers an extensive range of general entertainment content. This includes brilliant shows like The Bear, Only Murders in the Building and Welcome to Wrexham. The response from customers has been excellent. In fact, general entertainment currently represents almost two thirds of total hours watched.

Yet again, the value of enduring content is plain to see. One of the shows that Disney Plus customers love the most is Grey’s Anatomy, which is now in its incredible 20th season. To give you an idea of how much they love it, the average Grey’s Anatomy viewer has watched more than 120 hours of this brilliant show on Disney Plus.”

He also teased that they have more plans to improve the service:

“Disney Plus will play an even bigger part in Disney’s future, and we have plans to keep making the service even better!”

In the report, Disney highlighted that Disney+ is at risk from competition from other streaming services and also from the recession and economic downturn across the region. 

Roger’s Take:   Disney has been heavily investing in Disney+ across the region and has been building up its advertising business, which is likely to continue to grow.  It’ll be interesting to see how Disney+ will continue to grow in the region.

What do you think of this report?  Let me know on social media!

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Roger Palmer

Roger has been a Disney fan since he was a kid and this interest has grown over the years. He has visited Disney Parks around the globe and has a vast collection of Disney movies and collectibles. He is the owner of What's On Disney Plus & DisKingdom. Email: Roger@WhatsOnDisneyPlus.com Twitter: Twitter.com/RogPalmerUK Facebook: Facebook.com/rogpalmeruk

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