I don't know any detail on Disney's debt, but worth noting that a lot of "Disney's content" is stuff they just bought. E.g. they bought ESPN, the Marvel Cinemat

I don't know any detail on Disney's debt, but worth noting that a lot of "Disney's content" is stuff they just bought. E.g. they bought ESPN, the Marvel Cinematic Universe, etc. These are massive multi-billion purchases. Breaking even on the content purchases is hard work.