Walt Disney Co

The media giant also signposted structural changes for ESPN’s Australian subsidiary, which has been folded into its Australian business.

The suggestion was made by Arts Minister Tony Burke at a screen industry dinner in Canberra on Tuesday evening, more than three months after the government had initially planned to introduce its new framework.

Disney's growing profitability serves to intensify pressure on Australian rivals in an already crowded and competitive local streaming market.

Streaming video platforms operating in Australia are set to go into 2024 with an edge in the advertising market.

The tenured Japanese gaming giant has enjoyed its most successful run over the past six years. But following that up will require Disney-like expansion.

Apple is raising prices of its streaming service, and Disney may soon follow.

The cinema business hasn't been the same since 2020. The success of Barbie and Oppenheimer suggests that's Hollywood's fault, not the pandemic's.