On Wall Street, the reception of Disney's latest results confirms a radical change of era for the media industry.
The entertainment giant recruited 12 million subscribers to its Disney+ service in the last quarter, more than expected by the market.
They total 235 million with its Hulu and ESPN + platforms, or 57 million recruits won over the past year.
Instead of applauding with both hands, Wall Street saw red and the stock fell sharply.
Because, in the same period of time, the activity has more than doubled its operating losses, to 1.47 billion dollars.
In a turbulent global economic environment, Wall Street has once again become more rational.
Result, it is the commotion.
Disney will create a "taskforce" aimed primarily at achieving its profitability target in streaming by 2024. The group plans a hiring freeze, job cuts and is preparing to spend the accounts with steel wool.
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