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Disney+ keeps growing fast. But streaming loses $1.5 billion

Por: Los Angeles Times Business November 09, 2022

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Disney+ is still growing fast as the streaming service takes Walt Disney Co. into the future of entertainment. But the effort to stay dominant in the age of Netflix is costing the Burbank giant in a big way. Disney's direct-to-consumer division, which also includes Hulu and ESPN+, on Tuesday reported an operating loss of nearly $1.5 billion, more than doubling its loss of $630 million during the same quarter a year earlier. Armed with shows... + full article



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