Workflow
The streaming future Disney promised is finally here as cable TV decays
DisneyDisney(US:DIS) CNBC·2024-05-07 11:47

The Walt Disney Company CEO Bob Iger attends the Nominees Luncheon for the 95th Oscars in Beverly Hills, California, U.S. February 13, 2023.For Disney, the future is now.It'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 ...