The Walt Disney Company is expecting International Cricket Council (ICC) digital rights, which is held by Disney+ Hotstar, to cuase losses in its streaming business in Q3.
"We are forecasting a loss for entertainment direct to consumer (DTC) in the third quarter, the vast majority of which is due to Disney+ Hotstar's ICC cricket rights," Walt Disney CFO Hugh Johnston told analysts during the earnings call for the March quarter.
He added Disney+'s core subscriber growth is not expected to be significant in Q3, but sub-growth is anticipated to return in Q4.