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Besides giving access to consumer preferences, a membership program would also allow Disney to cross-sell products and services — an opportunity that CEO Bob Chapek has often talked about.

Walt Disney Co is exploring a membership program that could offer discounts or perks to encourage customers to spend more on its streaming services, theme parks, resorts and merchandise, the Wall Street Journal reported on Wednesday.

Internally, some executives have referred to Disney’s initiative as “Disney Prime,” although that won’t be the name of the program, according to the report, which cited people familiar with the discussions.

A membership program is one of the ideas that is being explored, a company spokesperson said.

Discussions at Disney are in the early stages and it wasn’t known how much the company would charge for membership and how long it would take to launch such a program, WSJ reported.

A membership program would help Disney increase customer spending on its products and services, while giving it access to information about consumer preferences.

(Reporting by Eva Mathews in Bengaluru; Editing by Shounak Dasgupta)

This article was from Reuters and was legally licensed through the Industry Dive Content Marketplace. Please direct all licensing questions to [email protected].

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Tags: amazon, disney parks, resorts, theme parks

Photo credit: The statue of Walt Disney and Mickey Mouse at Walt Disney Worlds Magic Kingdom. Anna / Wikimedia Commons

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