Disney’s streaming service Disney+ saw dramatically slower growth in the fiscal fourth quarter and added just 2.1 million paid subscribers for a total of 118.1 million. Though management warned of a slowdown in September, the figures were worse than investors had projected. The stock sank as much as 5% in the after-hours trading session on the announcement Wednesday evening.

Variety Intelligence Platform chief media analyst Andrew Wallenstein and VIP media analyst & correspondent Heidi Chung discuss Disney’s tough quarter and the challenges that lie ahead for the company.

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