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‘Inside Out 2’, ‘Deadpool & Wolverine’ Buoy Disney Quarter As Streaming Profits Grow, Disney+ Adds 4.4 Million Subscribers
Disney’s lates quarter was mixed but solid with a big upswing in studio profit led by 'Deadpool & Wolverine' and 'Inside Out 2'. Streaming was in the black and domestic theme parks saw a profit.
“In Q4 we saw one of the best quarters in the history of our film studio, improved profitability in our streaming businesses, a record-breaking 60 Emmy Awards for the company, the continued power of live sports, and the unveiling of an impressive collection of new projects coming to our Experiences segment.” “This was a pivotal and successful year for The Walt Disney Company, and thanks to the significant progress we’ve made, we have emerged from a period of considerable challenges and disruption well positioned for growth and optimistic about our future,” Iger said. “As a result of our strategies and our focus on managing our businesses for both the near- and long-term, we are differentiating ourselves from traditional competitors, leveraging the deepest and broadest set of entertainment assets in the industry to drive attractive returns and further advance our goals.”
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