Disney stock slides as road to the ‘promised land’ of streaming profits looks bumpy

Consumers love streaming content, but even the biggest of media companies are still struggling to make that trend work financially.

Walt Disney Co.’s DIS latest earnings report furthered the debate about the economics of streaming, as the company posted a decline in Disney+ subscribers after a recent price increase and disclosed that it would take a charge to remove some content in the third quarter as well as generally produce less content.

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