- Joined
- Jul 9, 2011
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Disney plus is losing money. I doubt DAZN can continue to take the hit that DIsney can to beef up subscribers and then later raise prices.
"Disney’s streaming efforts, which include Hulu and ESPN+, are losing money — $1.1 billion during the most recent quarter — and investors have become more eager to see returns. Disney has promised investors that Disney+ will be profitable by the end of fiscal 2024. Cue last week’s layoff announcement: some of the most severe in the company’s history and part of a broader effort to rustle up $5.5 billion in savings, including $3 billion in content costs.
https://www.theday.com/business/202...lywood-slashes-jobs-as-streaming-bubble-pops/
"Disney’s streaming efforts, which include Hulu and ESPN+, are losing money — $1.1 billion during the most recent quarter — and investors have become more eager to see returns. Disney has promised investors that Disney+ will be profitable by the end of fiscal 2024. Cue last week’s layoff announcement: some of the most severe in the company’s history and part of a broader effort to rustle up $5.5 billion in savings, including $3 billion in content costs.
https://www.theday.com/business/202...lywood-slashes-jobs-as-streaming-bubble-pops/