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...It has benefited from an EU directive adopted in 2018, gradually applied in member states, that requires a minimum 30 per cent of European works in the catalogues of streaming services....
...The Disney+ and Hulu streaming unit earned $47mn in its second fiscal quarter, compared with a $587mn loss a year earlier, while the total direct to consumer streaming business (which includes sports service...
...The group’s total direct to consumer streaming business, which includes sports service ESPN+, narrowed its operating loss to $18mn in the quarter....
...On Tuesday, three titans — Disney, Warner Brothers Discovery and Fox — announced yet another streaming service. The trio will provide their live sports content via one streaming platform....
...Disney’s ESPN, Fox and Warner Bros Discovery plan to launch a new streaming service later this year that will aggregate all of the sports broadcasts offered by their traditional TV networks....
...Disney’s ESPN, Fox and Warner Bros Discovery plan to launch a new sports streaming service later this year that will aggregate all of the games offered by their traditional TV networks....
...+ streaming service during its early push for subscribers....
...But as shown by Disney’s acquisition of Fox, Amazon’s purchase of MGM, and now the questions over what happens to Paramount+, the future of streaming may also be sequels and spin-offs....
...Disney is also forming a new sports streaming service with Fox and Warner Bros Discovery. Another crucial task is to improve performance at Disney’s studios, including Marvel and Pixar....
...Disney’s ESPN, Fox and Warner Bros Discovery plan to launch a sports streaming service later this year that will aggregate the games offered by the media groups’ traditional television networks....
...Trian also recommended that Disney+ and Hulu be fully consolidated and said it was “sceptical” of ESPN’s viability as a standalone streaming platform....
...Instead it has pursued an “arms dealer” approach that allows it to sell content to various streaming services....
...Disney’s direct-to-consumer unit, which includes streaming service Disney+, is still reporting large operating losses....
...Losses at its streaming services, which include Disney+, Hulu and ESPN+, fell by $300mn compared to the previous quarter thanks to price increases and higher advertising revenue....
...Disney will also have an opportunity to cash in on Taylor Swift mania, as its flagship streaming service gains the exclusive streaming rights to her Eras Tour movie starting on March 15....
...Warner Bros Discovery is to launch its Max streaming service across Europe, bringing together popular TV shows such as The White Lotus with movies like Barbie to challenge market leaders Netflix and Disney...
...Disney has also hired JPMorgan as an adviser in negotiations to buy the remaining stake of streaming service Hulu from rival Comcast....
...So Disney has, is still reporting an operating loss for its streaming services. And although it’s growing, it’s not growing at the same sort of pace....
...of the popular US streaming service....
...Apple will raise the monthly cost of its TV+ service and other entertainment products by as much as 40 per cent, joining Netflix and Disney in increasing streaming prices....
...It lost more than $1.6bn from its streaming businesses in the first nine months of 2023, during which its Disney+ service gained 8mn subscribers....
...These services range from ecommerce to home broadband. Viacom18 also owns a streaming platform, JioCinema....
...“It’s not the billions that the streaming services are spending on their tech, but for us it’s a material amount of money,” he said in an interview with the FT....
...Disney has been under pressure from investors to curb profligate spending during the streaming boom, as Wall Street has shifted its focus to profitability....
...Disney’s streaming services could bring in around $22bn in revenue this year. Hulu probably accounts for about a third of that amount....
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