Disney reported quarterly earnings Wednesday, and while it said “moderating” consumer spending is taking a bite out of its theme park revenues, the company’s streaming business posted its first profit. Disney said its flagship Disney+, combined with ESPN+ and Hulu, brought in a combined $47 million. It’s a modest haul, considering the billions invested in those services, but any profit is a milestone in an industry where they’ve been elusive for nearly all players.
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