Disney Unveils Financial Data for DTC Unit, Sets April 11 for Investor Presentation

Variety | 1/18/2019 | Cynthia Littleton
Click For Photo: https://pmcvariety.files.wordpress.com/2018/11/wdco.jpg?w=700&h=393&crop=1

Disney has rejiggered its business segments for earnings reporting to make room for the new unit housing its global streaming operations.

Disney on Friday released restated earnings for fiscal 2018, 2017 and 2016 to give investors and financial analysts better visibility into its spending on the launch of the Disney Plus, ESPN Plus and other ventures.

Disney - Direct-to-Consumer - International - Division - March

Disney created the Direct-to-Consumer and International division last March, but its financials will be reported as a separate unit for the first time on Feb. 5, when Disney releases its fiscal 2019 first quarter numbers.

Disney also set April 11 as the date for its presentation to investors on the details of how much it expects to invest in its streaming operations and how it will adjust to relying on subscription revenue rather than third-party licensing deals for the content that will be carried by Disney Plus.

DTC - International - Division - Chairman - Kevin

The DTC and International division headed by chairman Kevin Mayer houses the...
(Excerpt) Read more at: Variety
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!