Disney's Theme Parks See Significant Growth, While TV Unit Struggles

Disney's Theme Parks See Significant Growth, While TV Unit Struggles

Disney reported narrower streaming losses in its second fiscal quarter as price increases helped offset the loss of 4 million Disney+ subscribers. Disney's parks, experiences, and products divisions saw a 17 increase in revenue, while its linear TV unit struggled. The entertainment and media company's direct-to-consumer operating income losses were narrower than expected, and it saw higher subscription revenue at Disney+. The company plans to add Hulu content to its Disney+ streaming app and raise the price of its ad-free service. Disney faces ongoing challenges, including a lawsuit against Florida Gov. Ron DeSantis and production shutdowns due to the writers' strike. Shares fell over 5 in Thursday's extended trading.


User: Benzinga

Views: 7

Uploaded: 2023-05-11

Duration: 00:48

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