Disney will heavily rely on its upcoming ad-supported tier to reach profitability in its direct-to-consumer business.
Walt Disney (NYSE: DIS) reported its fiscal third-quarter earnings this week, and investors were pleasantly surprised by several items of note. Many Disney watchers have been focused on what the company would say about its Disney+ streaming service. On the company's conference call with investors, CEO Bob Chapek called the performance of its domestic theme parks "outstanding."
With all the changes to Netflix over the last year or so, many folks have been ditching the streaming giant for greener pastures. For folks like me, the go-to Netflix alternative has been Hulu, thanks to abundant options and a more reasonable monthly cost. Disney, the company that owns Hulu, has announced the popular platform is going to see some major price increases starting Oct. 10.