Disney UK’s Latest Financial Report Shows Losses Of Almost £245 Million – What’s On Disney Plus

Disney recently submitted its latest financial report to Companies House in the UK, covering Europe, the Middle East and Africa, showing it had a loss of almost £245m between October 2020 and October 2021, a huge drop from the Last year was a profit of £243m in the previous period. It is worth noting that these two financial results will cover periods when the UK was in lockdown so theatres, cinemas, shops, tours etc were all closed due to pandemic restrictions and they were not able to sell as many themed park holidays/tickets due to travel restrictions .

One of the other big reasons Disney’s financial results are down for this year is that Disney+ only launched in the UK in March 2020, so this is the first full year that Disney+ has been fully operational. It was also still in the process of sorting out some of the issues surrounding the 20th Century Fox purchase and Brexit.

According to the report, the £244.5 million ($292.7 million) loss was due to “investment impairments” and an increase in development costs for Disney+ and theatrical content. The report notes that revenue for Disney+ “is set to materialize for years to come.”

That report shows gross revenues increased to $3.1 billion from $2.7 billion, driven “by the success of Disney+” and the rebound in revenue from character merchandising following the lifting of pandemic restrictions . The media and entertainment division, which includes Disney+, grossed about $2.5 billion, while theme parks brought in $539 million.

Media and entertainment distribution — which includes Disney+ — accounted for about $2.5 billion of those gross sales, while Disney parks made up the remainder at $539 million.

“The success of our business depends on our ability to consistently distribute filmed entertainment, television programs, online material, electronic games and consumer products that meet the changing tastes of our broader consumer market. We face significant competition in each of our businesses from alternative suppliers of the products and services we offer, as well as from other forms of entertainment.”

During this period £140m of intangible assets were acquired in relation to Disney+ and third-party produced program licenses. These programs were licensed to air for a number of periods. The report also notes that the UK company has received nearly £555 million from its US arm.

With the launch of Disney+ in more countries across Europe, the Middle East and Africa over the last year, as well as the opening of businesses post-pandemic, next year’s report will undoubtedly look a lot healthier.

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