The growth of the streaming service owned by Walt Disney Co is reportedly starting to slow down. This is because the condition of the COVID-19 pandemic, which has begun to improve, has caused cinemas to reopen and streaming services are no longer the only entertainment during the pandemic.
As is known, streaming services like Disney's had a chance to gain blessings at the beginning of the pandemic. In fact, this line of business can be said to be the backbone of the company when several tourist parks have to be closed
Disney CEO Robert Chapek said that although the growth of streaming services was starting to slow down, he was still optimistic about the growth from Disney+, ESPN+, Hulu, and Hotstar. According to Chapek, this optimism is supported by the film industry which has started to resume normal production and new offers provided by the company.