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
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.