'Deadpool & Wolverine' and 'Inside Out 2' propel Disney studio earnings

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'Deadpool & Wolverine' and 'Inside Out 2' propel Disney studio earnings
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Propelled by a strong box office performance by 'Deadpool & Wolverine' and profits in streaming, Walt Disney Co. reported strong fourth-quarter results.

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Superheroes and animation packed a punch for Walt Disney Co. as 'Deadpool & Wolverine' and 'Inside Out 2' propelled the company's film studio to one of its best fiscal quarters. The Burbank media giant reported Thursday that its entertainment business took in $10.8 billion in revenue during its fiscal fourth quarter, an increase of 14% compared with the same period a year earlier. The entertainment segment's operating income for the quarter totaled $1.

Disney also saw growth in its streaming business, ending the fourth quarter with a total of 174 million Disney+ and Hulu subscribers, and more than 120 million Disney+ paid subscribers, which the company said was an increase of 4.4 million compared with the previous quarter. Combined revenue for Disney's three streaming services was $6.3 billion for the quarter, up 13% year over year. The company's streaming business reported $321 million in operating income for the quarter.

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