Disney FY 2023 Results: Content Spending Declines, Streaming Revenue Eclipses Affiliate Revenue as ESPN Penetration Falls to 71 Million Households
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November 21, 2023 3:59 p.m.
Disney crossed A key threshold In tax 2023, socket In more income Since streaming that Since linear Television.
THE media giant East continue has trim expenses on movie And TV content, including sports, with total expenses in decline has $27.2 billion Since $29.9 billion In tax 2022. That pointing encompasses original securities For THE movie studio, streaming platforms And TV networks along with sports rights Licence costs. Efforts has rein In those costs to have has been accompanied by wider cuts of staff And other expenses aiming has reach $7.5 billion In cost savings. CEO Bob Iger said earlier This month THE business East look total movie And TV content expenses of about $25 billion In THE current tax year.
THE new The figures were disclosed This evening In THE the company annual report deposit with THE SECOND. (Read THE complete deposit here.) While THE business earlier This month put out fourth trimester And full year Numbers, by custom he follows with A more complete And final 10-K deposit.
Affiliate income In tax 2023 Since Disney linear networks door on cable, Satellite And delivered via the Internet pay television systems was eclipse by streaming For THE First of all time. Through Entertainment And Sports, affiliate income came In just shy of $16.9 billion, down Since $17.50 billion In tax 2022. Subscription product Since direct to consumer streaming electrical outlets as Disney+, Hulu And ESPN+ jumped up has $17.9 billion Since $15.3 billion In THE Before year.
As all programmers with A bet In THE traditional pay television pack, Disney East manager through A period of spectacular change. Local And national broadcast electrical outlets And cable networks continue has throw disabled significant species but Also are seeing constant audience declines as consumers continue has herd has streaming. Iger last summer said linear networks "can not be heart" has THE the company operations moving Before, And several suitors to have emerged For THE the company local stations And ABC.
Cord cutter Also took A ring on network penetration last tax year, with ESPN contraction has 71 million households Since 74 million In tax 2022. HAS It is peak A little more that A decade There is, THE sports central was just north of 100 million houses. THE deposit Also Remarks, without appellation names, A key carriage agreement reached In September with charter Communications. That pact encompassed pillars as ESPN, ABC And THE Disney Channel And Also added a few key streaming provisions, but he LEFT Free form, FXX And other networks without linear carriage on Charter, THE No. 2 cable operator In THE United States
Disney recently reorganized himself In three divisions: Entertainment, Sports And Experiences, with THE facility provide A new degree of visibility For ESPN results. CEO Bob Iger...
You will be redirected back has your article In seconds
November 21, 2023 3:59 p.m.
Disney crossed A key threshold In tax 2023, socket In more income Since streaming that Since linear Television.
THE media giant East continue has trim expenses on movie And TV content, including sports, with total expenses in decline has $27.2 billion Since $29.9 billion In tax 2022. That pointing encompasses original securities For THE movie studio, streaming platforms And TV networks along with sports rights Licence costs. Efforts has rein In those costs to have has been accompanied by wider cuts of staff And other expenses aiming has reach $7.5 billion In cost savings. CEO Bob Iger said earlier This month THE business East look total movie And TV content expenses of about $25 billion In THE current tax year.
THE new The figures were disclosed This evening In THE the company annual report deposit with THE SECOND. (Read THE complete deposit here.) While THE business earlier This month put out fourth trimester And full year Numbers, by custom he follows with A more complete And final 10-K deposit.
Affiliate income In tax 2023 Since Disney linear networks door on cable, Satellite And delivered via the Internet pay television systems was eclipse by streaming For THE First of all time. Through Entertainment And Sports, affiliate income came In just shy of $16.9 billion, down Since $17.50 billion In tax 2022. Subscription product Since direct to consumer streaming electrical outlets as Disney+, Hulu And ESPN+ jumped up has $17.9 billion Since $15.3 billion In THE Before year.
As all programmers with A bet In THE traditional pay television pack, Disney East manager through A period of spectacular change. Local And national broadcast electrical outlets And cable networks continue has throw disabled significant species but Also are seeing constant audience declines as consumers continue has herd has streaming. Iger last summer said linear networks "can not be heart" has THE the company operations moving Before, And several suitors to have emerged For THE the company local stations And ABC.
Cord cutter Also took A ring on network penetration last tax year, with ESPN contraction has 71 million households Since 74 million In tax 2022. HAS It is peak A little more that A decade There is, THE sports central was just north of 100 million houses. THE deposit Also Remarks, without appellation names, A key carriage agreement reached In September with charter Communications. That pact encompassed pillars as ESPN, ABC And THE Disney Channel And Also added a few key streaming provisions, but he LEFT Free form, FXX And other networks without linear carriage on Charter, THE No. 2 cable operator In THE United States
Disney recently reorganized himself In three divisions: Entertainment, Sports And Experiences, with THE facility provide A new degree of visibility For ESPN results. CEO Bob Iger...
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