Warner Bros. Discovery Sees $2.1 Billion Loss in Q4 After Big Writedown; Ad Sales Tumble
variety.comSubmitted by Neo2199 t3_11a9aao in television
Coz91 t1_j9rdy4f wrote
Reply to comment by addictedtolols in Warner Bros. Discovery Sees $2.1 Billion Loss in Q4 After Big Writedown; Ad Sales Tumble by Neo2199
Is Disney+ losing a lot as well?
Radulno t1_j9ss63m wrote
Yeah a few billions per quarter too.
f_d t1_j9rxml4 wrote
They are, but I don't know how it compares with their long-term plans. Unlike Warner, they can afford to keep spending to overtake Netflix.
>Disney’s direct-to-consumer division, which also includes Hulu and ESPN+, on Tuesday reported an operating loss of nearly $1.5 billion, more than doubling its loss of $630 million during the same quarter a year earlier.
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