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from24/7 Wall St.
1 day agoDisney (DIS) Climbs in Pre-Market After Mixed Q4 Results
Disney's profitability benefits from Parks and streaming subscription growth while overall revenue growth lags, masked by buybacks and cost management.
Among the biggest mistakes Iger made late in his first time as a CEO was the launch of Disney's streaming product Disney+. The service kicked off in November 2019. It had about 500 movies from Disney, Pixar, Marvel, Star Wars, and National Geographic. It was too small and had too little content to compete with industry leaders Amazon and Netflix. In February, Forbes put the operating loss of Disney+, the proxy for which is Disney's Direct To Consumer (DTC) segment, at $10.7 billion since the service started.