The Walt Disney Corporation’s streaming division, which includes Disney+ and Hulu, closed the quarter with a profit for the first time in its history. This was reported reporting parent company.
In the third quarter ended in June, the streaming division generated an operating profit of $47 million, compared with losses of $512 million for Disney+ and Hulu a year earlier.
During the reporting period, net income for all of Walt Disney was $2.6 billion, compared with a loss of $460 million a year earlier.
The company says its streaming division is also set to see profits in the fourth quarter. It typically attracts a lot of investor interest; Disney and its partners have poured several billion dollars into Disney+ and Hulu over the past few years.
Disney before this changed Release dates for movies based on the Marvel Cinematic Universe, which are offering an updated rental schedule through 2027. Specifically, Searchlight’s True Hurt, starring Jesse Eisenberg and Kieran Culkin, is now scheduled for a November 1, 2024 release instead of October 18.
It was previously announced that it would be released continue The movie “The Devil Wears Prada”.
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Source: Gazeta
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