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Disney’s Free Cash Flow Expected to Plummet

by Forbes Middle East Forbes Middle East - Business News
The Walt Disney Companys decision to cease distribution of its content on Netflix and launch its own branded direct-to-consumer streaming service may prove costly to the media giant.
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According to Zawyas analysis of a recent Bernstein report on Disney, in light of this decision and other choices made by the heads of the entertainment conglomerate, Disneys free cash flow is expected to plummet some $4 billion between its 2018 and 2019 fiscal years, creating a 30% decline.
Walt Disney is also expected to launch another streaming service specifically for sports content which will be branded after U.S.-based global cable and satellite sports television channel ESPN. Disneys revenues fell during the April to June 2017 period due to a decrease in ESPN subscribers and high programming costs.

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Created on Feb 12th 2018 00:07. Viewed 70 times.

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