WEB Streaming Profitability And Box Office Success Tell The Tale Of A Disney Renaissance
Disney's Streaming Business Finally Profitable
In its Q3 earnings results released on Wednesday, the company reported that its streaming services, including Disney+, Hulu, and ESPN+, now have a combined 221.1 million subscribers.
This is up from 205.6 million subscribers in the previous quarter, and 179.2 million subscribers a year ago.
The growth of Disney's streaming services has been driven by the release of popular new content, such as "Obi-Wan Kenobi" and "Ms. Marvel" on Disney+, and "Only Murders in the Building" and "Reservation Dogs" on Hulu.
Disney's Box Office Success
Disney also had a strong quarter at the box office, with "Thor: Love and Thunder" grossing over $750 million worldwide.
This is the second-highest grossing film of the year, behind only "Top Gun: Maverick.
"Disney also had success with other films, such as "Lightyear" and "Doctor Strange in the Multiverse of Madness.
"Conclusion
Disney's success in both streaming and at the box office is a sign of the company's strength and resilience.
The company has been able to adapt to the changing media landscape, and it is now well-positioned to continue to grow in the years to come.
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