Disney nears tipping point as streaming profits start to offset cable decline
Portfolio Pulse from
Disney is approaching a critical point where its streaming profits are beginning to offset the decline in its cable business. Bob Iger, who returned as CEO in 2022, had promised to make streaming profitable.
November 15, 2024 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Disney is nearing a point where its streaming profits are starting to offset the decline in its cable business. This aligns with CEO Bob Iger's promise to make streaming profitable.
The news highlights a significant shift in Disney's revenue model, with streaming profits beginning to counterbalance the decline in cable. This is a positive development for Disney, as it aligns with CEO Bob Iger's strategic goals and suggests a successful transition to a more digital-focused business model.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100