Disney Leads Old Media Giants in Making Money From Streaming [Bloomberg]

Disney Leads Old Media Giants in Making Money From Streaming [Bloomberg]

By Christopher Palmeri

August 24, 2020 | Online video is becoming a serious business for some of America’s oldest and largest media companies, with Walt Disney Co. leading the pack.

Disney will generate an estimated $11.2 billion in direct-to-consumer revenue this year, according to a report released Monday by Macquarie Research. That would account for 19% of its total sales — a level rivals in traditional media haven’t matched.

Lions Gate is a close No. 2, with 18% of revenue coming online.

Read more on Bloomberg.

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