3 things we learned from Disney's latest earnings report
CBSN
More than 6 million people subscribed to Disney+ in the past three months, helping Walt Disney Co. post a surprise profit in its on-demand video streaming division, executives with the entertainment giant said Tuesday.
The earnings boost comes after a rough 18 months at the House of Mouse. In early 2023, CEO Bob Iger announced that 7,000 jobs would be cut across the company as part of a broader plan to slash costs and stabilize the company financially.
At the same time, Disney found itself in a bitter political feud with Florida Gov. Ron DeSantis over who should govern a slice of land in Orlando that the company had staked out for its expanding footprint.
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