Disney Has Already Lost $1 Billion on Streaming Behind Hulu, BAMTech Investments
Disney is losing big money on streaming — and it hasn’t even launched Disney+, its new, trademark streaming service, yet.
The Mouse House lost more than $1 billion in 2018 combined between Hulu and BAMTech, the technology that powers its ESPN+ streaming service, according to an SEC filing on Friday. Hulu drove a $580 million equity investment loss during Disney’s fiscal year, which ended on Sept. 30, while BAMTech was the primary reason for a $469 million loss in its direct-to-consumer segment.
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