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Disney Posts 38% Drop in ‘Content Sales/Licensing and Other’ Q1 Segment Revenue Media Play News

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Brie Larson in The Marvels

February 7, 2024

Disney Feb. 7 reported revenue of more than $1.63 billion for its “Content Sales/Licensing and Other” business segment in the first quarter, ended Dec. 31, 2023, which was down 38% from revenue of $2.65 billion in the previous-year period.

The segment, which includes Disney’s produced and acquired content that it markets through various channels such as theatrical, home entertainment, TV and subscription video-on-demand distribution, posted an operating loss of $224 million, compared with an operating loss of $1 billion in the prior-year period.

The increase in operating loss was due to the theatrical under-performance of The Marvels ($206 million) and Wish ($244 million), compared with Black Panther: Wakanda ForeverAvatar: The Way of Water and Strange World with global revenue of $860 million, $2.3 billion and $74 million, respectively, in the prior-year quarter ended in 2022.

Disney no longer reports home entertainment revenue as a standalone business.

Erik Gruenwedel

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