Old Hollywood is finally doing what Netflix Inc. has been doing for over a decade: making money from streaming.

Disney’s latest earnings reveal a turning point: its streaming platforms, including Disney+, Hulu, and ESPN+, are now poised to surpass the profitability of traditional TV.

Disney on Thursday reported fourth-quarter adjusted profits that surpassed Wall Street's expectations. Driven by strong performances from its entertainment division and streaming services, these results highlight the company's successful strategy in capitalizing on high-demand content and digital offerings.