Disney lost $1Billion on Streaming

[Spongeocto4]

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...