It’s official: Disney is a tech company. Or at least investors are treating it like it is.
Chapek is essentially telling investors not to focus on the current struggles of its core segments but instead on the future and Disney Plus. Sound like a tech CEO much? Tech companies are notorious for getting away with mounting losses and unprofitability as long as they can convincingly sell hopes for a better future, no matter how long it may take. Think Jeff Bezos and Amazon, or even Elon Musk and Tesla.
as of Jan. 2, up from 87.8 million as reported in December bringing the total number of paid DTC subscribers across its services to 146 million. This was the first quarter in which Disney reported results under its new structure with two major business segments: Media and Entertainment Distribution and Parks, Experiences and Products.