Disney’s India sports business records $315 million loss due to 2023 WC

The Walt Disney Company has revealed that the operating loss from the sports business of its India unit has surged 144% to $315 million for the quarter ended December 2023 on account of the 50-over ICC Men’s Cricket World Cup 2023 in India.

The company’s operating loss stood at $129 million in the corresponding quarter of the previous fiscal since it had the ICC Men’s T20 World Cup 2022, a smaller event compared to the 50-over World Cup. Walt Disney follows the October to September financial calendar.

Read more

You may also like

More in Broadcasting

Comments are closed.