Disney's streaming business is profitable. Has direct-to-consumer hit a turning point?
It took billions of dollars in losses, a company-wide overhaul, cost-cutting and price hikes to get there, but Bob Iger and Walt Disney Co. appear to have reached a long-awaited turning point in the streaming business. Disney direct-to-consumer operations " a combination of Disney+, Hulu and ESPN+ " have been profitable two straight quarters, helping to drive earnings that topped Wall Street ...