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Disney's streaming business is profitable. Has direct-to-consumer hit a turning point?

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It took billions of dollars in losses, a company-wide overhaul, cost-cutting and price hikes to get there, but Bob Iger and Walt Disney Co. appear to have reached a long-awaited turning point in the streaming business.

Disney direct-to-consumer operations — a combination of Disney+, Hulu and ESPN+ — have been profitable two straight quarters, helping to drive earnings that topped Wall Street expectations. The Burbank-based entertainment giant last week said its streaming trifecta produced fiscal fourth quarter operating income of $321 million, swinging from a $387-million loss reported at the same time a year ago.

’s ‘Inside the NBA’ will move to ESPN Craig Melvin to succeed Hoda Kotb on ‘Today’ Amazon to shut down Freevee for real this time Heart layoffs: L.A.'s KFI-AM news division hit hard Intimacy coordinators to unionize with SAG-AFTRA 60 million Netflix may be the reigning champion of streaming, but it's not quite a heavy hitter in live sports yet.

 

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