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The financial performance of Disney's entertainment business stole the show, no pun intended. Its sales surged 14% on the back of strong performance from Inside Out 2 and Deadpool & Wolverine.
Disney ( DIS) CEO Bob Iger doesn't think the company needs to engage in mergers and acquisitions to compete in streaming.
That's not allits streaming division, home to Disney+ and Hulu, posted a $253 million profit, up from a $420 million loss last year. Combine that with ESPN+, and the segment brought in $321 million.
Disney said that its improved direct-to-consumer business results were due in part to subi style="display:none;"ion revenue growth thanks to increased in retail pricing and subscriber growth.