07
Aug
Streaming used to be a money pit for Disney. Not anymore.When Disney first made plans for its own streaming business back in 2017, burning billions wasn't considered a problem — it was the playbook. Netflix was losing money building up its own business, and Wall Street was consistently rewarding it for that. So would-be Netflixes like Disney figured they would do the same thing.But in 2022, as interest rates started climbing and Netflix announced it had suddenly lost a million subscribers, Wall Street made new demands: Growth alone wouldn't cut it — streamers now needed to show they could turn…