Headlines jumping to the conclusion that Disney’s streaming business has officially turned a corner by turning profitable in Q2 2024, a full quarter ahead of internal projections, are impulsive and ignore the bigger picture. Disney’s Direct-to-Consumer Entertainment sector, which comprises Disney+ and Hulu, reported an operating loss of -$19 million for the second quarter. This is not a positive number, albeit a significant improvement on the -$505 million operating loss reported a year earlier. The Direct-to-Consumer Sports segment (ESPN+), on the other hand, reported positive operating income of $66 million in Q2 2024. Detracting the Entertainment operating loss from the positive operating income on the Sports side works out at total operating income for the Direct-to-Consumer streaming business of $47…