Get the latest gossip
A Tale of Two Kingdoms
This week’s quarterly earnings reports from Disney and Warner Bros. Discovery could not be more different.
At the Mouse House, they were breaking out the extra fancy cheese to celebrate an important milestone: For the first time since jumping headfirst into the direct-to-consumer space five years ago, Disney’s streaming business turned a profit. It was pretty small, by Disney standards — $47 million — but CEO Bob Iger hit this goal a few months ahead of schedule, and after years of bleeding cash on streaming, any win on this front is worth noting. Wall Street analyst Michael Nathanson this week argued that this theatrical success will have a halo effect that lifts Disney+, even suggesting that it might be time to start talking about another “Disney renaissance” at its studio division.
Or read this on VULTURE