Disney Streaming Comes Close to Profitability in Latest Quarter, Disney+ Subscribers Surge

Disney is on the precipice of the entertainment industry’s white whale: Profitability in streaming. The company reported its fiscal Q2 earnings early Tuesday morning, disclosing that its combined direct-to-consumer businesses of Disney+, Hulu and ESPN+ lost only $18 million last quarter, on revenues of $6.2 billion, and that when ESPN+ is removed from that equation, […]