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- EMEA revenue for media and entertainment giant Disney (NYSE:DIS) rose by 4.4% last year following the launch of an ad tier on streaming service Disney+, according to a report by Deadline on Friday.
- The report, citing a filing with the UK Companies House, said sales hit £3.97B ($5.45B) in EMEA in the year to September 28, 2024. Profits grew 3% to £588,898.
- “The increase in turnover and profit for the period is mainly driven by the strong performance of Disney+ in the year, supported by the introduction of the new subscription tier model in November 2023,” the earnings filing reportedly said.
- The report said the company’s overseas performance was “offset by a small downturn in theatrical performance.”
- Source: Deadline