In August, Disney’s streaming business reported its first-ever quarterly profit of $47 million, signaling a positive shift after over $10 billion in losses in the past five years.
The significant increase in subscription prices and strategic cost-cutting measures have played a crucial role in turning Disney's streaming business around, now showing an $321 million profit in November.
FX emerged as a key player, garnering critical acclaim and ratings success with shows like Shogun and The Bear, leading the Emmy race over HBO and Netflix.
Despite improvements, Disney still needs to address mounting debt from launching Disney+, while shows across its brands like Hulu and ABC also found notable success.
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