The streaming future Disney promised is finally here as cable TV decays [MSNBC.com]
Walt Disney Company (The) (DIS)
Last walt disney company (the) earnings: 2/4 04:05 pm
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Source: MSNBC.com
In this articleThe Walt Disney Company CEO Bob Iger attends the Nominees Luncheon for the 95th Oscars in Beverly Hills, California, U.S. February 13, 2023.Mario Anzuoni | ReutersForIt's been five years in the making, but Disney nearly turned a profit in its streaming units for the first time in the second quarter, losing just $18 million between Disney+, Hulu and ESPN+. That's improvement from a loss of $659 million a year ago.Stripping out ESPN+, Disney+ and Hulu actually made money in the quarter — $47 million. Last year in the second quarter, Disney+ and Hulu lost $587 million.The thesis among all major legacy media companies has been that streaming will eventually take over for cable TV as the primary money-making engine. That's why Disney,Paramount Global,Warner Bros. DiscoveryComcastThat hasn't happened yet, but this quarter finally suggests that moment is upon us. It's not just that Disney nearly made money in streaming — it's that the company's traditional linear TV results we
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News
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- Tokyo Disney is using American influencers to target U.S. customers [MSNBC.com]MSNBC.com
- Does a Smash Hit Like ‘Lion King’ Deserve a $3 Million Tax Break? [The New York Times]The New York Times
DIS
Earnings
- 5/7/24 - Beat
DIS
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- 5/9/24 - Form 144
- DIS's page on the SEC website