In Race to Beat Netflix, Studios Give Up Billions In Profits

The big gamble: Networks like Disney and WarnerMedia are launching their own direct-to-consumer services and, in some cases, pulling content from competing services (Netflix, etc.)

Estimated content spend from licensing:
1) Netflix — $5B
2) Amazon — $4B
3) Facebook — $1B

Disney will forgo ≈ $500M annually from Netflix alone.

Captain Marvel will be the first Disney movie to stream exclusively on Disney+.

Top content spenders according to RBC Capital Markets:
1) Disney — $23.8B
2) AT&T — $14.3B
3) Netflix — $14.0B

Listen: “Hollywood is now irrelevant,” says IAC Chairman Barry Diller

More #1: Reality Is Closing In On Netflix

More #2: Disney-Lucasfilm Deal Part XI: Disney Will Make A 107% Return on Lucasfilm Acquisition (And Other Conclusions)

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