Disney loses over $1 bn from streaming investments in 1 year
Disney has said in a filing that its investment in streaming platform Hulu "primarily" contributed to a $580-million loss in the fiscal ended September 2018. The company also lost $469 million in its direct-to consumer-segment, largely from BAMtech, the streaming technology that powers services like ESPN+. Notably, Disney is set to launch its own streaming platform Disney+ later this year.