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Disney’s Streaming Business Finally Finds Its Rhythm

10 0
15.11.2024

As Bob Iger nears the halfway point of his four-year contract heading The Walt Disney Company (DIS), the media mogul is well on his way to leaving behind a healthy company when he passes the CEO baton to a successor in 2026. Bolstered by box office hits and momentum across its streaming division, Disney today (Nov. 14) reported a 74 percent bump in net income to $460 million for the July to September quarter. “As I reflect on the two years since I returned to the company, I’m incredibly proud of how much progress we’ve made,” said Iger on an earnings call, adding that he believes the company “can continue to drive healthy growth beyond this year.”

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Iger praised Disney’s streaming businesses (Disney , Hulu and ESPN ), which turned a profit for the second quarter in a row.........

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