Thanks to Hulu, Disney lost $580 million last fiscal year

The streaming media sector is difficult. Disney, which has a 30 percent Hulu stake, recorded losses of $ 580 million in the prior year, according to a document filed with the SEC. The SEC's record indicates that it was "mainly due to a higher loss of our investment in Hulu, partially offset by a favorable comparison with a loss of BAMTech the previous year". BAMTech is the broadcast technology that powers ESPN + and other services. In total, streaming accounted for more than $ 1 billion in losses for Disney over the past year. Meanwhile, Disney has not yet launched

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