Disney’s Streaming Service Hasn’t Even Launched and it’s Already Hemorrhaging Money

Disney says it’s likely to take a massive $150 million hit to its bottom line as it works to beef up its array of streaming services, including the yet-to-launch Disney+. However, concerns remain that the company may be turning a blind eye to the impact of these losses over the long run as it seeks to supplant Netflix as the digital content king. Disney CEO Bob Iger and CFO Christine McCarthy fielded questions about the massive streaming-related outflows during the company’s first quarter 2019 earnings conference call. When the subject came…

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