Part 5/15:
The Wildly Inconsistent and Obscure Reporting Methods
A core issue exposed by Silt and Reed is how Disney and other studios report their earnings. For example, Disney often consolidates its theatrical, streaming, and licensing revenue into broad categories, masking significant losses—especially in streaming. Their flagship Disney+ remains unprofitable, yet the company reports only modest or no losses publicly, using internal transfers and cross-subsidies to present a rosier financial picture.