Disney Shows the Limits of Streaming

Strong subscriber growth doesn’t offset concerns about costs and outlook in a slowing economy

While speaking at WSJ Tech Live, the chief executive gives his thoughts on the number of players in the streaming space and the possibilities of consolidation. Photo: Nikki Ritcher for the Wall Street Journal

The streaming spell might be wearing thin at the Magic Kingdom. 

Disney said Tuesday afternoon that it added 12.1 million net new subscribers to its flagship Disney+ streaming service during its fiscal fourth quarter. That was 36% more than analysts were expecting, and this time Disney didn’t fully depend on growth from regions that generate very little revenue.

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