Disney CEO Bob Iger, shown here in 2019, expressed confidence in an upcoming initiative to crack down on improper streaming password sharing. PAY ATTENTION:For its fiscal second-quarter ending March 30, Disney reported a $20 million quarterly loss following the $2.1 billion impairment in Star India. The large reduction at Star India relates to combining its India business with India's Reliance Industries, a deal announced in late February. Disney said it was on track for full-year profits on the entire streaming business after years of losses. The Walt Disney World Resort, in the US state of Florida, is an area of strength in the theme park business, Disney reported in its latest results.

Source: The Star May 08, 2024 05:11 UTC