Delta Air Lines recently revealed that last month’s CrowdStrike outage caused them a staggering $550 million in losses. The financial repercussions include a $380 million revenue hit in the current quarter due to canceled flights and customer compensation. Additionally, there was a $170 million expense related to the technology outage and the subsequent operational recovery.
Business
In a surprising turn of events, Disney’s media business is no longer seen as a burden on the company. For the past couple of years, investors have been concerned about the losses in streaming, coupled with a decline in traditional pay TV and underperforming box office releases. This led to a significant drop in Disney’s
Disney recently announced that it will be raising prices on its streaming platforms, including Disney+, Hulu, and ESPN+. Starting in mid-October, most plans for these services will see a price increase of $1 to $2 per month. The most expensive plans for Hulu, which include live TV, will see a significant increase of $6 per