Disney's Streaming Success Boosts Earnings and Stock Performance
TL;DR Summary
Disney's latest earnings report suggests that streaming services like Disney+, Hulu, and ESPN+ are becoming more profitable, potentially surpassing traditional linear TV. Despite past skepticism from investors like Warren Buffett, Disney's strategic reduction in content spending and subscriber growth have turned streaming into a viable business model. The company projects significant operating income from streaming in the coming years, indicating a shift in the media landscape as streaming becomes a stronger replacement for cable TV.
- Disney earnings offer hope that streaming can successfully supplant linear TV CNBC
- Disney stock jumps as earnings, streaming profit, and guidance top estimates Yahoo Finance
- Disney+ Core Subs Top 120 Million as Streaming Biz Profit Grows, ‘Inside Out 2,’ ‘Deadpool & Wolverine’ Drive Film Results Variety
- Disney Touts Two-Year Turnaround Behind Studio’s Stellar Quarter Deadline
- Disney Earnings Powered by Streaming, ‘Deadpool & Wolverine’ — and Rare Three-Year Look at Guidance Hollywood Reporter
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