Disney shares fall after earnings miss
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Summary
The streaming service will expand to additional markets over the next two to three years, he added.The company also said on the call that it expects direct-to-consumer losses to rise to $900 million in the fiscal fourth quarter, as it continues to invest in content for Disney+.Iger said Disney hopes to re-imagine popular Fox titles like "Home Alone," "Night at the Museum," "Cheaper by the Dozen" and "Diary of a Whimpy Kid" on Disney+.Cable Networks revenues jumped 24% year-over-year to $4.5 billion during the quarter, while operating income increased 15% to $1.6 billion.
As said here by Annie Palmer