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

  • 📰 latimes
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 82%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines