Do we have concrete evidence that this is true? I find it highly unlikely Disney+ was hemorrhaging money considering all the parents that are indefinitely subbed to D+ for the Disney catalogue.

Unless the original programming like all the Marvel TV shows (which are pretty low quality scripts) and the remakes (which are low quality) really cost that much to make.

[–] ElPescado94@lemmy.ml 1 points 2 years ago (1 children)

They should report the losses at earning calls and i think they did. But i am to lazy to look it up.

[–] kate@lemmy.uhhoh.com 1 points 2 years ago

Direct to consumer media lost $659M in Q1 this year https://thewaltdisneycompany.com/app/uploads/2023/05/q2-fy23-earnings.pdf

[–] ElPescado94@lemmy.ml 0 points 2 years ago

They should report the losses at earning calls and i think they did. But i am to lazy to look it up.