Disney’s streaming business is picking up momentum

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Disney Plus and Hulu saw another leap in profitability over the past few months. In its second fiscal quarter earnings results released on Wednesday, Disney revealed that the services’ combined operating income grew to $336 million, up from $47 million during the same time last year. The entertainment giant also reported gaining 1 million Disney Plus subscribers in the US and Canada, making for a total of 57.8 million. The increase in profitability and subscribers comes just months after Disney raised prices across its services and implemented a password sharing crackdown, which charges viewers an extra $6.99 per month to share their account with someone outside their household. During an earnings call on Wednesday, Disney CEO Bob Iger said paid sharing on Hulu is “kicking in” as well. Disney Plus recently added an ESPN tile and a bite-s ... Read full article.