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  • Disney hikes prices of its streaming services as profit booms

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    Disney beat expectations in its third quarter revenue and earnings, swinging back from heavy losses as it hiked its streaming services prices. Pre-tax profit soared to $3.1bn (£2.4bn) in the third quarter, up from losses of $134m (£105m) the previous year. The company’s streaming business turned profitable for the first time, buoyed by the success [...]

    Soaring profit at Disney follows the announcement of a 25 per cent price hike for Disney's streaming services starting mid-October.

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