The streaming future Disney promised is finally here as cable TV decays
Publishing timestamp: 2024-05-07 09:50:00
Summary
Disney's fiscal second-quarter results show that the company's streaming services, Disney+ and Hulu, are starting to make money, with a significant improvement from last year. Traditional linear TV operating income slumped, leading to a decline in Disney's overall revenue. The company is preparing for the shift from traditional TV to streaming, with plans to launch new streaming services and skinnier cable bundles. Disney's investors will need to embrace this new reality as streaming becomes a more significant growth driver for the company.
Sentiment: MIXED
Tickers: DIS, PARA, WBD, CMCSA, FOXA,
Keywords: technology, fox corp. class a, entertainment, business news, paramount global, media, earnings, walt disney co, warner bros discovery inc, comcast corp, breaking news: business,
Source: https://www.cnbc.com/2024/05/07/disney-streaming-results-improve-as-cable-tv-decays.html