Ding ding ding, I think this is the only way how this kind of calculation makes any sense at all: they are expecting Disney+ to replace all the cable revenue they lost, and until then, it's not "break even".
Because it sure as hell is not the opportunity costs of having their content on their own streaming service. Like Toy Story 4 released months ago, did a billion in cinema, but they still won't have it on Disney+ until.. somewhere in 2020. Their version of "betting the company" is "all the stuff you used to have on Netflix, but now you are paying extra".
Because it sure as hell is not the opportunity costs of having their content on their own streaming service. Like Toy Story 4 released months ago, did a billion in cinema, but they still won't have it on Disney+ until.. somewhere in 2020. Their version of "betting the company" is "all the stuff you used to have on Netflix, but now you are paying extra".