…which is bigger than their streaming, direct-to-consumer and their entire studio (movie production) businesses put together.
So much media focus on the launch of Disney+, which brought Disney 30 million paying subscribers in just a few months. But, 30m @ $7 a month works out at around $2.5bn a year, or just under 4% of Disney’s revenue.
Just a friendly reminder if you’re buying Disney solely for the streaming exposure…
“Know what you own and know why you own it” (Peter Lynch).
Source: www.chartr.co/newsletters/disney-parks-and-recreation
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