Re:Gitlab to lay off 7% of staff
by gamblor956 on Thursday February 09, 2023 @01:26PM
(#34728794)
Disney's film division made a huge profit last year. One of their films made over a billion in around 10 days, has passed the $2 billion in just over a month, and is still on track to earn another hundred million before it leaves theaters.
Their parks and live experiences made a huge profit last year: $29 billion in revenue, and approximately $8 billion in operating profits.
Their tech-heavy streaming division was the part that lost money: over $4 billion for the year, almost entirely offsetting the gross revenue made by the the film division from theatrical releases.
Yep, that's right: the only part of Disney that lost money was the tech-focused part.
Their parks and live experiences made a huge profit last year: $29 billion in revenue, and approximately $8 billion in operating profits.
Their tech-heavy streaming division was the part that lost money: over $4 billion for the year, almost entirely offsetting the gross revenue made by the the film division from theatrical releases.
Yep, that's right: the only part of Disney that lost money was the tech-focused part.