DTVE the week in view - Disney’s formula for streaming success
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Disney boss Bob Iger packed so much into the quarterly earnings call that attending analysts were somewhat at a loss in deciding what to focus their questions on.
The headline items were the (pre-announced) creation of a joint venture US sports streamer with Warner Bros. Discovery and Fox, an update on the impending launch of a standalone ESPN streamer, the announcement of a US$1.5 billion investment in Epic Games, the narrowing of streaming losses to US$300 million (in the face of the small matter of the loss of 1.3 million Disney+ subscribers) and details of a planned crackdown on password sharing.
And to please investors there was also the announcement of an additional dividend and a US$3 billion stock buyback programme.
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