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  • Disney hikes prices of its streaming services as profit booms

    Media

    Disney beat expectations in its third quarter revenue and earnings, swinging back from heavy losses as it hiked its streaming services prices. Pre-tax profit soared to $3.1bn (£2.4bn) in the third quarter, up from losses of $134m (£105m) the previous year. The company’s streaming business turned profitable for the first time, buoyed by the success [...]

    Soaring profit at Disney follows the announcement of a 25 per cent price hike for Disney's streaming services starting mid-October.

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