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Walt Disney will spend 500 million on content for streaming service (Topic)

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Walt Disney will spend 500 million on content for streaming service

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The Walt Disney Company intends to spend approximately $ 500 million to produce original entertainment content for its own streaming service Disney Plus, which will launch in 2019. This is reported by The Hollywood Reporter, citing RBC Capital Markets experts.

"Disney spends more on content than anyone else in the world. They have decades of experience in creating premium content, a brilliant credit history, and this is a brand that is known all over the world, "analysts say. Walt Disney's total cost of producing all types of content in 2019 is estimated at $ 23.8 billion.

According to this indicator, the company is significantly ahead of all its competitors. The closest one is AT & T intends to spend about $ 14 billion, investing about the same in content and Netflix.

As a reminder, in 2018 Disney announced that it would cease production of several popular Marvel comic-based television series that were broadcast on the streaming service. Netflix. The "abbreviation" includes "Daredevil", "Iron Fist" and some others.

The Topic of Article: Walt Disney will spend 500 million on content for streaming service.
Author: Jake Pinkman


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