Disney posts mixed results for quarter plagued by streaming woes, restructuring costs
Publishing timestamp: 2023-08-10 06:37:26
Summary
Disney reported a decline in Disney+ subscribers and a rare quarterly net loss due to one-time charges and impairments. However, the parks, experiences, and products division saw an increase in revenue. Disney plans to raise prices on its ad-free streaming tier and crack down on password sharing. The company aims to focus on its film studios, parks business, and streaming for future growth.
Sentiment: MIXED
Keywords: entertainment, media, walt disney co, earnings, sports, breaking news: earnings, movies, breaking news: business, business news, bob iger, comcast corp, netflix inc, business, life,
Source: https://www.cnbc.com/2023/08/09/disney-dis-earnings-report-q3-2023.html