The results show that a turnaround started by Iger was paying off. Since he returned, Disney has cut back on original content for its streaming service after a spending spree under predecessor Bob Chapek that led to streaming quarterly losses of $1.5 billion in November 2022.

Old Hollywood is finally doing what Netflix Inc. has been doing for over a decade: making money from streaming.

The entertainment giant’s streaming services turned a profit as 60 percent of new subscribers are picking Disney Plus’ ad-supported plan.

Disney’s fourth-quarter adjusted profit beat Wall Street’s expectations, bolstered by strong results from its streaming service and box office success with “Inside Out 2” and “Deadpool & Wolverine.”

Walt Disney reported earnings that topped Wall Street's estimates on Thursday, propelled by blockbuster ticket sales from the rude and irreverent summer Marvel film "Deadpool & Wolverine," and provided an upbeat forecast for the coming year.

Reliance Industries and Walt Disney on Thursday completed the $8.5 billion merger of their Indian media assets, which have been split into three divisions, with each unit having its own CEO. The companies said the newly formed divisions are entertainment,

The head of Disney and Reliance Industries’ newly merged $8.5bn Indian entertainment titan plans to invest and “revitalise” television in the world’s most populous country even as western media organisations increasingly see it as a dying medium.