Disney’s streaming growth counters Netflix dip, yet inflation looms

May 11 (Reuters) – Walt Disney Co (DIS.N) eased concerns on Wednesday about the future of streaming video by picking up 7.9 million new Disney+ customers, although the company warned supply chain disruptions and rising wages could pressure finances.Wall Street had been expecting 5.3 million new Disney+ customers from January through March. Disney still has a long way to go to hit ambitious, multi-year targets, but its growth encouraged investors after Netflix Inc’s (NFLX.O) losses.The entertainment giant is working to offset inflationary pressures and challenges in the global supply chain, executives said on a call with analysts.Register now …
Read more…….