Broadcast Rights

Disney sees ICC rights bringing losses to streaming biz in Q3

Last updated : May 09, 2024 21:05

SportzPower Team

May 09, 2024 20:05

Read more about Disney sees ICC rights bringing losses to streaming biz in Q3
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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.

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