Walt Disney CEO Bob Chapek said that the business expects its streaming losses will shrink in the future as a result of pricing hikes and the introduction of an ad-supported tier on Disney+. The business even anticipates that Disney+ will be profitable in the fiscal year 2024, assuming no “significant change in the economic situation.” As previously reported, Disney is hiking its streaming fees across the board this December, with the ad-supported tier of Disney+ debuting on December 8th for $11 per month.
