Since the launch of Disney+ in 2019, the growth in global streaming subscribers across Disney platforms has been impressive. A large driver of this subscriber growth came from Disney+ Hotstar subscribers, which helped Hulu, Disney+, and Disney+ Hotstar to peak at over 211 million total global subscribers in Q3 2022. However, since that quarter there has been a clear drop-off in Disney+ Hotstar subscribers. For reference, as of that quarter, Disney+ Hotstar had more subscribers than either