1,49,052 crore) on content annually.Īnd what will this $33 billion bring us? In the same annual report, The Walt Disney Company stated that its Studios - that's Marvel Studios, Walt Disney Pictures, Lucasfilm, Pixar, Searchlight Pictures, and Twentieth Century Studios - will deliver 50 titles (movies and series) for cinemas and streaming. Discovery has said it will cash out $20 billion (about Rs. 81,979 crore) in 2020, and HBO Max's to-be parent Warner Bros. 1,26,691 crore) on content this year, Amazon forked over $11 billion (about Rs. Netflix spent about $17 billion (about Rs. But it still shows that Disney is prioritising its streaming business as it seeks to compete with the likes of Netflix, Amazon Prime Video, HBO Max, and others.
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Of course, that $33 billion is boosted by the value of sporting rights (such as Indian Premier League, and National Football League) that run into hundreds of millions of dollars annually - as part of long-term multi-year contracts.
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Rather than say its movie business, or the hundreds of TV channels that it operates globally.ĭisney+ Streaming Subscriber Growth Slows, Reaches 118 Million Worldwide That means the extra $8 billion is going towards the likes of Disney+, ESPN+, Hulu, and Disney+ Hotstar. Direct-to-consumer is the business term for streaming services - or over-the-top (OTT) platforms as they are referred to in India. “The increase is driven by higher spend to support our expansion and generally assumes no significant disruptions to production due to COVID-19 ,” The Walt Disney Company wrote in its FY2022 annual report. 59,621 crore) increase over Disney's content expenditure in fiscal year 2021. The $33-billion figure represents an approximate $8 billion (about Rs. That number comes from an annual report filed on Wednesday afternoon in the US to the Securities and Exchange Commission (SEC) that's the US equivalent to the Securities and Exchange Board of India (SEBI). 2,45,930 crore) on content in the fiscal year 2022 - for Disney, that's Octoto Septemthe American entertainment giant has revealed. The Walt Disney Company plans to spend $33 billion (about Rs.