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| 12dDisney pares streaming losses, takes hit from India deal
Disney's streaming unit is getting closer to breaking even this year, with losses decreasing to $18 million in the March quarter compared to $659 million in the same period last year. CEO Bob Iger said the company is on track to achieve streaming profitability by the end of September. Disney+ added over six million subscribers in the quarter, meeting investor expectations. Disney's traditional TV business continues to decline, while its experiences division, which includes theme parks and cruises, saw a 10% increase in revenue. Overall, companywide revenue rose about 1% to $22.08 billion in the March quarter.
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