The latest Disney Q3 results demonstrate a weakening US economy.
Disney has returned to profit after its streaming service made money for the first time and the success of the blockbuster film Inside Out 2. Inside Out 2, released over the summer, became the highest-grossing animated film of all time which helped the company reach $254m in earnings before interest and tax from content sales and licensing. The original Inside Out film being shown on the Disney+ streaming service drove 1.
It follows the company's decision to follow Netflix and crack down on password sharing. It resulted in that portion of the business reporting a quarterly operating loss of $19m , smaller than its loss of $505m a year earlier. That in turn helped the overall entertainment section report nearly triple revenues to $1.2bn dollars compared with the same three-month period a year earlier. Not all good news But the picture was not rosy in all corners of the business.
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