Disney Explores the Sale of More Films and TV Series to Rivals
by Thomas Buckley & Lucas Shaw
https://www.bloomberg.com/news/articles ... -to-rivals
(via https://wdwnt.com/?p=865358)
(It's behind a paywall, so here're the highlights from the Google Cache of the article):
...exploring more licensing of its films and television series to rival media outlets as pressure grows to curb the losses in its streaming TV business...seeking to earn more cash from its content library...Disney is under pressure to improve its financial performance and change its streaming strategy...Last year, the company turned in its worst stock market results in decades...reported a $1.5 billion loss for its online video business in the third quarter...Disney already licenses some titles to other platforms including Amazon.com Inc.’s Prime streaming service...Disney curtailed licensing of its own programs to third parties to boost [Disney+]...[keeping Disney media just for D+] Disney surrendered billions of dollars from home video sales and licensing deals with other networks...investors have raised concerns about how much money companies like Disney are spending on unprofitable streaming services...[Warner Bros Discovery Inc. has also been taking media off HBO Max and selling to other streamers {Roku, Tubi}]...Disney executives have discussed selling more titles to third parties and are in the process of shopping certain titles right now. It remains to be seen if they keep them in-house at Hulu or they sell them to an outside bidder.