Disney loses $1b on content. Otherwise, outlook sunny.
Disney had a very positive message for investors. The mouse isn’t into doom or gloom. But it did have a $1b glitch…
In a Q2 earnings report today, Disney reported a $1b loss thanks to buying back content deals across the globe as it sought to bring its TV shows and movies home for its streaming services. But beyond that, things are looking good for Disney.
It added subscribers. 7.9 million for Disney+, 300,000 for Hulu, and a further 1 million for ESPN+.
Disney did sig…
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