Disney expects to take a $150 million hit as it cuts ties with Netflix and that's okay
Wednesday, February 6, 2019, 7:33 AM
Disney is going to lose $150 million in operating income as it makes the move to launch its own streaming service and ceases its licensing deals with Netflix. But that's always been the plan, and its not necessarily a bad thing. By the end of 2019, Disney+, a streaming service filled with company's library of movies and original programs, will become available to consumers.
Disney bets on online future with a little Star Wars help
Friday, November 9, 2018, 8:20 PM
Walt Disney Co. chief executive officer Robert Iger laid out his vision for the firms big bet on streaming, including a new flagship service due late next year that will be called Disney+. Iger, who has led Disney since 2005, outlined his plans on Thursday after Disney reported quarterly sales and profit that beat Wall Street projections.