22 Jan Disney Streaming Service Details Offered Ahead of Launch [Deadline]
By Dawn C. Chmielewski
January 18, 2019 | The Walt Disney Co. provided investors a more detailed look at its investment in building a direct-to-consumer streaming business in financial documents filed today with the SEC. The company re-cast Disney’s results for the past three fiscal years to align with the new corporate structure created with last March’s re-organization.
While the numbers aren’t new (this isn’t a restatement of earnings), the filing more clearly spells out the losses connected with Disney’s investments in Hulu and BAMtech, the technology that underlies the ESPN+ and forthcoming Disney+ streaming services. The latter is expected to launch later this year.
Read more on Deadline.