Investors Look to Disney’s Streaming Plans Ahead of Earnings Release

Currently, Disney sells so-called pay-TV rights for its movies to Netflix for a hefty price — more than $300 million a year, according to people with knowledge of the arrangement. Including planned original movies and TV series, Disney will invest a total of $1.8 billion on its streaming service between 2019 and 2021, research firm MoffettNathanson estimated. That is on top of what it paid for BamTech. – Ben Fritz, Fox Business http://ift.tt/2zj1NJQ