Even as Disney is consolidating its presence in the direct-to-consumer business, the media giant finally has finally taken full ownership of OTT platform Hulu.
While Disney is going aggressive about its direct-to-consumer business, the company sees a number of opportunities from the 21st Century Fox deal.
The Walt Disney Company (Disney) is gradually changing the focus of its business. Despite having a strong revenue-generating traditional media business, the company is set to make a splash in with high-profile entry into the streaming era.
The Indian media industry, experiencing disruptions, is witnessing an increase in consumption that has been facilitated by proliferation of broadband too and over the last six years has been growing at nine percent.
Walt Disney (Disney) reported strong earnings for the fiscal fourth-quarter topping analysts' expectations. While Media Networks revenue for the quarter increased 9 per cent year-over-year to $6 billion, Studio Entertainment revenues for the quarter increased 50 per cent to $2.2 billion.
