to the us now, and global entertainment giant walt disney. shares in the florida based company have been under pressure after it revealed its streaming service disney plus has lost another four million subscribers. investors were hoping for a rise. the good news though, disney plus is losing a lot less money than it was. it s the first set of quarterly results from disney since veteran boss bob iger returned to lead the company. he is trying to slash costs by $5 and a $half billion this year. michelle fleury has more from new york. disney said losses in its streaming business totalled $659 million, an improvement from a year earlier stopping the progress was largely down to price increases introduced last december. since his return as chief executive bob iger has made restoring profitability a top priority. during a call with investors he said it was
$659 million, an improvement from a year earlier. the progress was largely down to price increases introduced last december. since his return as chief executive, bob iger has made restoring profitability and is on a video offering a top priority, during a call with investors, he said it was on the right path to streaming profitability, even with your right right astray going on right right astray going on right now. lawson 2019, disney plus enjoyed explosive growth, but costs also balloon. by spending less on bringing in new customers, disney is making more money of each one, but its subscriber numbers are fallen. the service is roughly 158 million subscribers around the world, down 2% from december, with most of that loss going from ultra low price subscriptions in india. while all streamers face the challenge of how to make money, disney does have one big advantage, is the impulse, which continue to do very well.
more. disney said losses totalled $659 million. i more. disney said lossesi totalled $659 million. an improvement from a year earlier. the progress was largely down to price increases introduced last december. since his return as chief executive, bob iger has made restoring profitability with online video offerings a top priority. during a call with investors, he said it was on the right path to streaming profitability, even with the writers strike going on right now. when it launched in 2019 disney plus enjoyed explosive growth, but costs also ballooned. by spending less on bringing in new customers, disney is making more money off each one, but subscriber numbers have fallen. the service has roughly 158 million subscribers around the world, down 2% from december, with most of the law is coming from ultra low price subscriptions in india. while all screamers face the challenge of how to make money, disney does have a big advantage. theme park, which continue to do very well.
million. domestic box office initial run, titanic in its initial run was just $601 million. and unbelievably, paramount was founded in 1912. so this is the highest grossing film by current by dollars, at the time, and the 110-year history of paramount? but. but, you know me, i have to make things far more complicated. top gun: maverick versus titanic. domestic box office, look at this, including the re-releases. in 2022 dollars, right, we ll take into account inflation, inflation is a big thing right now. look at that $1.2 billion for titanic. titanic just in the 1997 run taking into inflation, $1.1 billion. titanic including the releases in original dollar amount not even taking into account inflation. 6$659 million.
significant items not crossed off on what was a relatively unambitious to-do list. at the top, the immigration crisis along the u.s. southern border. something republicans have been railing about for weeks. house republican leaders pulled its modest $659 million emergency spending bill before a vote, because it was facing strong opposition from conservatives. this is what house speaker john boehner had to say earlier in the day about the border money. doing something is better than doing nothing. reporter: the fate of a major funding bill for highway and transit projects was uncertain. as president obama signed yet another executive order to work around congress, he blasted lawmakers. think about how much further along we would be if congress would do its job. reporter: one thing lawmakers have been doing, fund-raising as they try to bring in as much cash as they can before the fall campaign season. karen travers, abc news, washington.