Part 4/10:
Financial Losses Mountain Up
In 2023, Disney’s streaming division reported a staggering loss of $1.7 billion, a figure that continues a troubling trend of billions lost over the past four years. While Disney claims to be working toward profitability by the end of 2024, recent quarter results suggest that turning the tide remains a formidable challenge. The company has invested heavily, with over $11 billion lost so far, and is exploring various strategies to cut losses and boost revenue.