So, Disney might see purchase by Apple as Disney expects to eat 800M USD in Q3.
I bring this up because people are mentioning Activision Blizzard's Kotick saying previously as well as during recent court testimony how sub services and streaming are money losers, not makers – an opinion shared by Strauss Zelnick of Take-Two, PlayStation's Jim Ryan, and others. He said, iirc, that Call of Duty for one would never on his watch be a day-and-date Game Pass addition. We can joke about his being kicked to the kerb post-acquisition but that's outside the point. Kotick, while having one of the most punchable faces in gaming, IMO, is a cunning cat, so his opinions are worth examination.
Are any streaming service money makers across gaming and entertainment? Big fan of Disney+ myself and one of the few platforms I sub to. It feels like every time I hear about the media form, it's an investment on an idea that to date has little to negative ROI. Maybe we're all headed back to the multiplatform collapse that is cable television, ironically. /hot take
Obviously, this is surprising news. Disney has gradually made its way to the top of the entertainment food chain. Their acquisitions include Pixar, Marvel, and Lucasfilm. But, as noted via Bloomberg, Iger could be considering the opposite with the decision to sell Disney altogether.
This rumor follows as Iger puts the company’s television assets up for sale. It looks like the company’s streaming goals with Hulu and Disney Plus haven’t quite been hitting their mark. In fact, their “streaming business is expected to register a loss of about $800 million in the company’s just-ended third quarter.”
