[ad_1] The Walt Disney Co.‘s latest quarterly earnings report, released Wednesday, illustrates the catch-22 facing big media companies: old-school TV still turns a profit but is on the decline, while streaming is growing but remains a money-loser. It’s a transitional moment for the entertainment industry that — on top of a Hollywood strike wave that… Continue reading Disney tops earnings estimates as streaming losses narrow.
Tag: earnings
Comcast reports strong earnings as striking actors, writers dig in
[ad_1] Comcast Corp. President Mike Cavanagh on Thursday tiptoed around the twin strikes that have paralyzed Hollywood. “We are committed to reaching a fair deal with the guilds as soon as possible,” Cavanagh said Thursday morning during a conference call with analysts to tout Comcast’s strong second-quarter financial results. “For all involved in the industry… Continue reading Comcast reports strong earnings as striking actors, writers dig in