Disney is already losing over $1 billion in streaming, and its Netflix competitor has yet to launch [CNBC]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: CNBC
Disney is already losing over $1 billion in streaming, and its Netflix competitor has yet to launch David Paul Morris | Bloomberg | Getty Images Robert Iger, chief executive officer of the Walt Disney Co., arrives for a morning session at the Allen & Co. and Technology Conference in Sun Valley, Idaho, U.S., on Thursday, July 12, 2018. The media company said in a filing That's more than $1 billion associated with streaming, the area where CEO Bob Iger attention Netflix Amazon Losses in streaming will likely surge in the early days of the venture, as content and technology costs spike, said Rich Greenfield, an analyst at BTIG. Disney has also yet to assume control of another 30 percent of Hulu, part of its $71.3 billion deal for the majority of 21st Century Fox. If Disney were to acquire Comcast's "Streaming requires a strong stomach for losses, especially as you are playing catch-up," Greenfield said in an interview. Disney is hoping that, over time, millions of paying customers will
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- 4/25/24 - Beat
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- 4/25/24 - Form 8-K
- 4/17/24 - Form 4
- CMCSA's page on the SEC website