Investing in Product and Bundling Explains Lower Near-Term Profit

Disney says sales fell short of Wall Street expectations in the fourth quarter but earnings beat estimates. CFO Hugh Johnston says the company is investing heavily in streaming, films and TV. He says a strong slate of movies including Zootopia 2 and Avatar: Fire and Ash, will help the streaming business keep growing. He speaks on Bloomberg Open Interest.

See omnystudio.com/listener for privacy information.