Disney said its streaming segment is still a long way from achieving profitability. Photo: chris delmas/Agence France-Presse/Getty Images
Walt Disney
Disney’s latest streaming losses spooked investors. The entertainment giant on Wednesday reported that income from its traditional television business had declined sharply and its streaming segment is still a long way from achieving profitability. Disney lost about 300,000 subscribers in the U.S. and Canada, while its global subscriber count fell due to cancellations in India, where Disney last year lost the rights to stream a popular cricket league. Disney shares fell 8.7% Thursday.
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