K.J. Yossman Disney’s U.K. commissioning subsidiary Walt Disney EMEA Productions Limited has reported more than a 50% drop in revenue from the previous financial year.
The U.K.-based company, which commissions international productions and co-productions for Disney’s linear networks as well as streaming platform Disney+, reported revenues of £86 million ($110 million) for the year ending in Sept 2023, according to the latest financial report filed at U.K.
business registrar Companies House last week. The figure marks a drop from the previous year’s reported revenue of £215 million ($270 million), which covered the year ending Oct.
2022 and marked an all-time high for the subsidiary. In the year ending Oct. 2021 – which was the first financial reporting year following the launch of Disney+ in the U.K. — the company reported revenues of £43 million.
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