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Disney’s Streaming Services Turn A Profit (Hulu Ad Revenue to the rescue)
Posted on 8/9/24 at 10:05 am
Posted on 8/9/24 at 10:05 am
TVRev.com
quote:
In a somewhat surprising announcement, Disney’s streaming service division actually turned a profit last quarter, generating $47 million in operating income, compared with a loss of $512 million a year earlier. This was notable in that Disney was not expecting the line to turn from red to black quite so soon.
This was, unfortunately for Disney, offset by predicted losses in their theme parks division, so stocks went south rather than north.
Still, it was notable that Disney was able to actually finally turn a profit on their range of streaming services—Disney+, ESPN+ and Hulu.
quote:
While Disney’s been jacking up prices and cutting down on password sharing in order to boost subscription revenue, their real power is their ability to generate ad revenue. That power is, of course, concentrated in the hands of Hulu, the OG ad-supported subscription service.
quote:
it’s estimated that around 60 percent of Hulu subscribers are on the ad-supported plan, while other streamers not-named-Amazon are still all well below 20 percent.
6
Posted on 8/9/24 at 10:14 am to Fewer Kilometers
So we’re back to network tv with commercials
Posted on 8/9/24 at 10:14 am to Fewer Kilometers
So, just a couple more billion to go, and D+ will be in the green (on paper)?
So, 2035 if all goes well?
So, 2035 if all goes well?
Posted on 8/9/24 at 10:29 am to Jack Daniel
quote:If you want to make money from the casual viewer and the lower economic class, yes. My guess is that there will always be premium levels, but every service will eventually have an ad supported entry level.
So we’re back to network tv with commercials
Posted on 8/9/24 at 10:39 am to Fewer Kilometers
I read and heard elsewhere that it was ESPN+ that made it profitable. Their $60-something million profit offset a ~$20 million loss from disney and hulu.
Posted on 8/9/24 at 2:16 pm to Fewer Kilometers
Lol they’ve been taking in profit since Covid hit. Hollywood accounting is a beautiful, hypocritical beast
Posted on 8/9/24 at 11:14 pm to Fewer Kilometers
quote:
This was, unfortunately for Disney, offset by predicted losses in their theme parks division, so stocks went south rather than north.
It is a failure of their fiduciary duty that the parks aren't turning a profit. Might be the easiest sell in the entire theme park industry. All they had to do is make updates, maintain the parks, NOT destroy beloved rides and replace them with garbage, and NOT stop calling little girls "princess."
This post was edited on 8/10/24 at 5:41 pm
Posted on 8/10/24 at 2:18 pm to Fewer Kilometers
quote:
This was, unfortunately for Disney, offset by predicted losses in their theme parks division, so stocks went south rather than north.
And they still have to fork over an estimated $5 billion to complete the Hulu buyout. This is on top of the $8.6 billion they already agreed upon.
That’s also dragging stocks.
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