Disney CFO Christine McCarthy warned that carriage costs for pay-TV bundle Hulu + Live TV would drive an $800 million to $1 billion increase in streaming costs during the current quarter. The inter…
The internet-delivered TV package now had 4.3 million subscribers,
Along with the streaming increases, linear expenses “may impact our second quarter results,” McCarthy said.and production costs, McCarthy predicted, blaming “factors including Covid-related timing shifts.” Disney’s networks also aired four additional NFL games at the start of the current quarter , plus this year’s Academy Awards will be in March. The 2020 Oscars had slid back to April, a different fiscal quarter, due to the pandemic.
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