The next five biggest sources of subscriber sign-ups from shows were from linear channels. We calculate that collectively, the shows from these five channels were responsible for nearly 40% of global subscriber signups to Disney+ or Hulu over the past year from series. Even if linear channels underperformed in Disney\u2019s earnings this quarter, linear IP is still doing major work in streaming.<\/p>\n\n\n\n In the earnings call, Disney highlighted FX\u2019s \u201cAlien: Earth\u201d as the biggest FX series premiere ever on Disney+ and Hulu, a perfect example of a linear brand feeding streaming growth.\u201cJimmy Kimmel Live!\u201d is another linear value driver for streaming. <\/p>\n\n\n\n We\u2019ve previously shown that Kimmel ranks among the\u00a0top late\u2011night revenue drivers in streaming<\/a>\u00a0since 2021.\u00a0However, his recent suspension created near\u2011term churn risk.\u00a0Some of this fallout is likely not fully captured in the quarter\u2019s reported results given the timing.<\/p>\n\n\n Price increases add another moving piece. Disney raised standalone prices again in October for new subscribers, with existing subscribers seeing changes on subsequent billing cycles. As those hikes roll through, we expect any churn impacts to surface. When we looked across platforms after those increases, standalone Disney+ and Hulu looked expensive relative to demand<\/a>, suggesting elevated churn risk but meaningful upsell potential into the U.S. Disney+\u2011Hulu bundle. <\/p>\n\n\n\n In the company\u2019s forward-looking guidance, it expects a double-digit operating margin for its DTC streaming business next year and price hikes are part of this.<\/p>\n\n\n\n Strategically, these results make the case for leaning into the bundle and merchandising the linear brands on streaming even more aggressively. Titles from these linear brands reliably pull new subscribers into the ecosystem. As Disney moves away from reporting subscriber numbers next quarter, having a view on what drives subscriber behavior will be even more critical. <\/p>\n\n\n\n Streaming was the quarter\u2019s relative winner and linear\u2011born series are a big reason why. Disney+ and Hulu originals led acquisition, but linear brands supplied over two\u2011fifths of global signups attributed to series. With price hikes introducing short\u2011term churn risk and bundle\u2011driven upsell opportunity, the story investors should watch next isn\u2019t the raw subscriber tally which will be going away, it\u2019s which shows move paid net adds and revenue, and how quickly those gains compound.<\/p>\n\n\n![\"disney_global_subs_acquired_by_orig_network_chart\"](\"https:\/\/i0.wp.com\/www.thewrap.com\/wp-content\/uploads\/2025\/11\/disney_global_subs_acquired_by_orig_network_chart.png?resize=752%2C1024&quality=80&ssl=1\")
![\"How](\"https:\/\/i0.wp.com\/www.thewrap.com\/wp-content\/uploads\/2025\/11\/How-the-Streamers-Stack-Up-Nov.-2025.jpg?fit=300%2C169&quality=89&ssl=1\")
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\n\t\t\tHow the Streamers Stack Up in Subscribers, Revenue and Profits | Analysis<\/a>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n![\"price_vs_platform_demand_august_2025_chart\"](\"https:\/\/i0.wp.com\/www.thewrap.com\/wp-content\/uploads\/2025\/11\/price_vs_platform_demand_august_2025_chart.png?resize=831%2C1024&quality=80&ssl=1\")
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\t\t\t\t\t<\/a>\n\t\t![\"WrapPRO](\"\/wp-content\/plugins\/newsletter-builder\/images\/wrap-pro-logo.png\"){kind=logo}
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