Disney Bleeds $512 Million on Streaming Services as Hulu, Disney+ Prices Soar

The Walt Disney Company continues to hemorrhage money on its streaming services, losing hundreds of millions of dollars in the most recent quarter as it plans to pass some of that pain to consumers by once again jacking up prices on Hulu, Disney+, and ESPN+. Disney reported its streaming businesses lost $512 million for the fiscal third quarter, marking an improvement from the same period last year when it lost more than $1 billion. CEO Bob Iger is in the midst of reining in the company’s profligate spending habits in...