Entertainment giant the Walt Disney Company saw subscriber losses at its flagship Disney Plus streaming service after it raised prices.

Disney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+.

The Walt Disney Company is the world's leading mass media and entertainment conglomerate, earning it the number-one spot among 'The Big Six' in media. Although Disney was founded over 100 years ago, it continues to be profitable in nearly all aspects of its business.

There were some oversized expectations for the animated film but "Moana 2", originally intended as a series for the company's streaming service before it was produced for the big screen — blew predictions out of the water. Its five-day opening set a new record for Thanksgiving moviegoing.

Moana 2' helped float a solid fiscal first quarter for Disney with studio profit riding the strong box office of the animated sequel that’s topped $1 billion worldwide.