How do you see Disney addressing Hulu down the road? SEANA SMITH: Jason, what do you think we're going to hear when it comes to Hulu? Lots of talk about what exactly that's going to look like here just in terms of its future with Disney, whether or not it could potentially sell its stake. If we end up with a much smaller loss, the shares, I think, will do quite well. And I think that's what the Street will be focused on. The company is to about $200 million of smaller losses.
So what the Street will be focused on is, hopefully, a sharp reduction in the direct-to-consumer losses. And so no real discernible improvement, right? A billion dollars in a loss times 4 is another 4 billion loss. Their quarter- their first fiscal quarter, they lost about $1 billion in the quarter. JASON BAZINET: Well, just to frame it for you, remember, Disney lost about $4 billion in the streaming business last fiscal year.
Yahoo Finance's Seana Smith and Akiko Fujita interviewed Jason Bazinet, Citi Managing Director, on what investors should expect this quarter.īazinet believes a potential Hulu sale would be a "grave mistake" for Disney.īazinet says he is in the "minority among investors" as he would like to see Disney buy the balance it doesn't own in order to merge with Disney+ and create what he calls a "TV substitute on the streaming world."ĭisney currently owns two-thirds of Hulu with Comcast's ( CMCSA) NBCUniversal controlling the rest.Ġ:01:14 - Hulu's future with Disney Video TranscriptĪKIKO FUJITA: All eyes are going to be on that direct-to-consumer business.
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