Thread: Movies and TV Star Wars: The Mandalorian
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Old 12-10-2020, 11:33 AM   #1173
DaneMcCloud DaneMcCloud is offline
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Quote:
Originally Posted by BigRedChief View Post
And from the article. Most of the content on Disney+ they already own and not new content. How did they spend this much money getting launched?
Disney is worth more than $170 billions dollars so they had plenty of money to launch.

Keep in mind, they initially thought it would be 2023 before they had 50 million subscribers, a number they hit in less than six months. They're shooting for 175 million by 2025 and by that time, they'll definitely be in the black.

Quote:
Originally Posted by BigRedChief View Post
Streaming is not yet profitable for Disney — far from it. Losses in the direct-to-consumer division totaled $2.8 billion in the company’s 2020 fiscal year
Startup costs are always part of the deal, so this isn't unexpected.
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