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BAMTech ready for mammoth Disney+ task, as it guzzles cash

Disney’s Direct-to-Consumer & International segment suffered an operating loss surge of 224% to $136 million for the closing quarter of 2018, primarily hit by costs associated with developing Disney+ and ramping up ESPN+. Having already guzzled $1 billion+, the pressure is mounting for Disney+ and the excuses are stacking up. The house of mouse fan club fervently defended the company’s results, again prompting a widespread Disney vs Netflix debate. One report in particular waxed lyrical about how Disney will prevail due to having multiple revenue streams compared to Netflix’s one. These are cinema (a dying business), licensing movies to traditional TV networks (a dying business) and selling DVDs (a nearly dead business). Let’s make one thing clear here – this…

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