Christine Maccarthy Entertainment film reports 2024 Christine Maccarthy

Disney Will Be Spending $14-$16 Billion On All Streaming Content By 2024 As It Ramps Up Production

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deadline.com

Walt Disney said it will be forking out $14-$16 billion in content spending in fiscal 20204 on streaming serices Disney+, Hulu and ESPN+ as it ramps up original series and films to the tune of 100 a year.Between $8-9 billion of that will go to Disney+, said CFO Christine McCarthy towards the end of marathon investor meeting Thursday.

That’s at least double what was initially anticipated. She anticipated Disney+ and its international iterations will hit between 230-260 million total paid subscribers by that year.

The service will reach its peak year of losses in fiscal 2021 and hit profitability in 2024.She expects Hulu will have 50-60 million subs by the end of 2024.As a testament to how dramatically streaming has reshaped the business, the

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