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Disney lost $1Billion on Streaming

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  • Disney lost $1Billion on Streaming

    So, Disney is already in the red with streaming.

    The Mouse House lost more than $1 billion in 2018 combined between Hulu and BAMTech, the technology that powers its ESPN+ streaming service, according to an SEC filing on Friday. Hulu drove a $580 million equity investment loss during Disney’s fiscal year, which ended on Sept. 30, while BAMTech was the primary reason for a $469 million loss in its direct-to-consumer segment.
    Something tells me the "Cheaper than Netflix" cost for Disney+, isn't going to happen anytime soon...
    Disney reported in an SEC filing it lost more than $1 billion in 2018 behind Hulu and BAMTech losses, ahead of its new streaming service being launched

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