• Netflix
Profit: $10.4 billion
Revenue: $33.7 billion

• Disney
Profit: $574 million
Revenue: $23.3 billion

• Warner Discovery
Profit: $677 million
Rev: $10.3 billion

• Paramount+
Profit: -$497 million
Rev: $7.6 billion

• Peacock
Profit: -$1.8 billion
Rev: $4.9 billion

🔸Disney's streaming business inches close to profitability, lost only $18 million.

🔸The company expects the streaming division to be fully in the black in fiscal Q4.

#Disney #Hulu #DisneyPlus #ESPN

Haha. Paramount should've just licensed their content to top streaming services.

Bob Iger's plan to remove and write-down content resulted in narrowing the losses.

30+ film and TV titles were removed from Disney+ and Hulu.

Disney plans to reduce budgets and release fewer films, aiming to boost profits & scale back investment in few markets.

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Disney+ Hotstar is struggling to retain subs without HBO & IPL.

Disney Star is in a turmoil due to a decline in linear TV viewership.

Disney is exploring strategic options for its Star India business, including a joint venture or a sale.

The company pulled off more than 50 titles from Disney+ and Hulu to scale back content costs but subscriber growth stalls.

Iger plans to combine Disney+ and Hulu app by the end of the year.

Disney would've to spend $8 billion+ to buy out Comcast's Hulu share.