Disney will heavily rely on its upcoming ad-supported tier to reach profitability in its direct-to-consumer business.
Yahoo Finance reporter Allie Canal details Disney's latest earnings report, and how the company plans to raise its streaming prices.
Walt Disney (NYSE: DIS) is cementing its place atop the streaming industry. The entertainment titan added 14.4 million Disney+ subscribers in its fiscal third quarter, which ended on July 2. Disney ended the quarter with 152.1 million Disney+ customers, up 31% compared to the prior-year period.