Disney targets €950m streaming profit in its new fiscal year 

The old Hollywood studios are finally doing what Netflix has been doing for over a decade led by Disney, which earned $321m from online video in the final months of its last fiscal year

In the past 12 months, Disney’s revenue from streaming has surpassed the combined sales from theatrical films and conventional television.

The old Hollywood studios are finally doing what Netflix has been doing for over a decade — making money from streaming.

With the exception of NBCUniversal, the biggest legacy media companies all reported a profit from their direct-to-consumer businesses last quarter, led by the Walt Disney Company, which earned $321m (€304.4m) from its online video arm in the final months of its fiscal year.