Operating income for the entertainment segment nearly tripled to $1.2 billion, thanks to strong box office performances like 'Deadpool & Wolverine.'
Direct-to-consumer segment, including Disney+ and Hulu, reduced losses significantly to $19 million from $505 million last year, with revenue increasing by 15%.
Disney plans to increase prices for Disney+, Hulu, and ESPN+ starting Oct. 17, with various monthly subscription costs.
Disney's third quarter earnings reached $2.62 billion, a significant turnaround from the $460 million loss in the same period last year.
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