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Disney reported a significant jump in Disney+ and Hulu profitability, reaching $336 million in operating income during the second fiscal quarter, compared to $47 million last year. This increase follows price hikes and a crackdown on password sharing, adding $6.99 for additional household accounts. Disney+ gained 1 million US and Canadian subscribers, totaling 57.8 million. An upcoming standalone ESPN streaming service is also anticipated, with pricing and launch details soon to be revealed.

Prepared by Christopher Adams and reviewed by editorial team.