November 15, 20240 Comments

Disney parks profits hit records — even before big expansions

People walk in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images All is well in the Magic Kingdom. Disney’s theme park division posted record revenue and profit for fiscal 2024, with revenue rising 5% for the full year to $34.15 billion and operating income up 4% to $9.27 billion. Experiences,

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November 14, 20240 Comments

Disney earnings offer hope that streaming can supplant linear TV

The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images Disney might be proving the world’s most famous investor wrong. Last year, Warren Buffett, “The Oracle of Omaha,” told CNBC’s Becky Quick he had no faith in the business of streaming video. “Streaming…it’s not really a very good business,” Buffett said on April

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