27 Aug 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.