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Disney expects to take a $150 million hit as it cuts ties with Netflix — and that's okay

Disney expects to take a $150 million hit as it cuts ties with Netflix — and that's okay

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/02/05/disney-expects-to-take-a-150-million-hit-as-it-cuts-ties-with-netflix.html

Disney is going to lose $150 million in operating income as it makes the move to launch its own streaming service and ceases its licensing deals with Netflix — but that's always been the plan and it's not necessarily a bad thing.

By the end of 2019, Disney+, a streaming service filled with the company's library of movies and original programs, will become available to consumers. The platform will feature content from Star Wars, Marvel, and Disney's classic films as well as titles from its pending $71.3 billion acquisition of Twenty-First Century Fox.