Disney has significantly reduced losses in the streaming business in the past quarter, the company said on Wednesday as it released its latest results. Disney’s streaming division posted operating losses of $216 million after a loss of just over $1 billion a year earlier. The group also benefited from growth in its theme parks and cruises division. Wall Street’s focus is on the change in the entertainment giant’s media business. The cable TV business in the US, which has been a reliable money maker over the years, is shrinking – because more and more people are switching to streaming. Like oth…