The moves, along with deep cuts announced early this year, are geared toward achieving profitability for Disney’s streaming segment by September 2024. “Our streaming business is still actually very young," Disney Chief Executive Bob Iger told investors during a conference call to discuss the company’s latest results. The cost of the ad-supported versions of Disney+ and Hulu won’t change in the U.S., Iger said. Earlier Wednesday, Disney reported that losses in its streaming business narrowed to $512 million in the third quarter from $1.06 billion in the year-earlier period. Separately, Iger is trying to take full control of Hulu , the streaming service Disney owns in partnership with Comcast .

Source: Wall Street Journal August 10, 2023 13:23 UTC