It’s true that the Walt Disney Company is still fairly new to home streaming services when compared to other companies. However, it hasn’t stopped them from leading the pack for streaming services among media giants!
Online video is becoming a serious business for some of America’s oldest and largest media companies, with Walt Disney Company taking the lead. Disney will generate an estimated $11.2 billion in direct-to-consumer revenue this year, according to a report released Monday by Macquarie Research. That would account for 19% of its total sales — a level rivals in traditional media haven’t matched.
Both Fox Corp. and Comcast Corp. are the new-media laggards in the old-media group. Fox sold its entertainment assets to the Walt Disney Company back in 2019. Also, Comcast is getting into streaming with its Peacock service, which made a public debut nationally last month. Analysts expect Netflix Inc. to generate almost $25 billion in revenue this year, virtually all of it from streaming.
Of course, the future looks bright with Disney streaming with blockbuster hits such as the live action Mulan coming. Having exclusive content is helping Disney in the long run with streaming. We’re certainly excited to see what’s in store for the upcoming year!
Credit: Disney and Bloomberg News
Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.
Get started below for your FREE No Obligation Quote.
Book With our friends at Destinations to Travel
For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!
