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By Glenn CHAPMAN Disney on Wednesday reported higher than expected profit in the final three months of last year as it strives to adapt to a shift from television to streaming. During the earnings announcement, Disney chief Robert Iger also revealed that the entertainment giant is acquiring a “small equity stake” in Fortnite-maker Epic Games, and will release a sequel to its high-grossing animated film “Moana”. Iger also boasted that Disney+ streaming service will be […]
Washington, United States (AFP) — The Disney+ streaming service saw its subscriber ranks jump by 12 million users compared to June, results showed on Tuesday, as the home to “Obi-Wan Kenobi” and “Black Panther” continued to defy a souring economy. The gain beat analyst expectations, but the California-based group’s streaming services, which include Disney+, ESPN+ and Hulu, more than doubled their year-to-year operating losses to $1.47 billion for the July to September period, the results […]
