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Disney tops Netflix in streaming subscribers, raises prices for ad-free options

Summary by Ground News
Disney's stock spiked nearly 4% in after-hours trading Wednesday after the entertainment giant said it added 14.4 million Disney+ subscribers. The company also beat expectations for its revenues and profits, thanks to strong results in its theme parks division. Disney now has more than 221 million total subscriptions across all of its subscription streaming offerings globally, officially surpassing Netflix.

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UOL broke the news in Brazil on Wednesday, August 10, 2022.
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