Disney flexes its streaming prowess with big content plans. And a price hike
4 years ago

Disney flexes its streaming prowess with big content plans. And a price hike

LA Times  

Disney made some major “Star Wars,” Marvel and Pixar announcements at its investor day on Thursday. Disney said it has 10 Marvel series, 10 “Star Wars” shows and 15 live-action, animated and Pixar shows in the works for Disney+. Iger, in remarks filmed on a soundstage at Disney’s Burbank studio lot, said the success of Disney+ so far encouraged the company to create a production lineup “much more robust than we had initially anticipated.” “We’ve clearly positioned ourselves as a leader in the direct-to-consumer space, and the fact is, we’re only just getting started,” said Iger, who oversees content efforts across Disney. Disneyland in Anaheim has been shut down since March, and the movie studio has pushed films that were supposed to come out this year into 2021, including Marvel’s “Black Widow.” The company last month said it suffered a net loss of $2.8 billion for the 2020 fiscal year, plummeting from a profit of $10.4 billion a year earlier. Many of Disney’s biggest movies will continue to go to theaters, including “Black Widow,” starring Scarlett Johansson, a Buzz Lightyear origin story from Pixar and an animated feature, “Encanto,” with music by Lin-Manuel Miranda.

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History of this topic

Disney’s streaming business is profitable. Has direct-to-consumer hit a turning point?
1 month ago

Disney’s streaming business is profitable. Has direct-to-consumer hit a turning point?

LA Times  

It took billions of dollars in losses, a company-wide overhaul, cost-cutting and price hikes to get there, but Bob Iger and Walt Disney Co. appear to have reached a long-awaited turning point in the streaming business. Disney’s fourth quarter earnings were also buoyed by a strong showing from its resurgent film studios, which put out big hits with “Deadpool & …

Disney gives investors years to cheer about
1 month, 1 week ago

Disney gives investors years to cheer about

CNN  

New York CNN — Disney did something extraordinary Thursday, giving investors a rare three-year financial outlook, even at a time of economic uncertainty. Net income shot up 74% in the quarter to $460 million, or 25 cents a share, bring its full fiscal year earnings in just shy of $5 billion. It said it expects adjusted EPS for the new …

Disney posts first-ever streaming profit, warns of pressure on theme-parks unit
4 months, 2 weeks ago

Disney posts first-ever streaming profit, warns of pressure on theme-parks unit

Live Mint  

Disney’s streaming and movie businesses shifted into high gear last quarter, picking up the slack from the theme-parks unit, which has begun to show signs of strain. The entertainment giant’s streaming unit, which includes flagship platform Disney+, general entertainment service Hulu and the sports-focused ESPN+, became profitable one quarter ahead of schedule, producing operating income of $47 million on $6.38 …

Disney’s streaming business turns a profit in first financial report since challenge to Iger
7 months, 2 weeks ago

Disney’s streaming business turns a profit in first financial report since challenge to Iger

Associated Press  

The Walt Disney Co. swung to a loss in its second quarter because of restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit. While Disney said Tuesday that it foresees its overall streaming business softening in the current quarter due to its platform in India, Disney+Hotstar, it expects its combined streaming businesses …

Disney posts solid Q1 results thanks to its theme parks and cost cuts
10 months, 2 weeks ago

Disney posts solid Q1 results thanks to its theme parks and cost cuts

Associated Press  

SAN FRANCISCO — The Walt Disney Co. on Wednesday posted stronger-than-expected earnings for the final three months of 2023, boosted by cost cuts and growing revenue from its theme parks business. And it plans to launch a stand-alone ESPN streaming service in 2025 — different from the sports streaming platform it plans to launch this fall in a joint venture …

Disney reports sharp profit growth in the fourth quarter and an expansion of its cost-cutting drive
1 year, 1 month ago

Disney reports sharp profit growth in the fourth quarter and an expansion of its cost-cutting drive

Associated Press  

SAN FRANCISCO — Walt Disney Co. on Wednesday reported sharp profit growth for its fiscal fourth quarter while announcing an expansion of its cost-cutting drive under returning CEO Bob Iger. In a call with analysts Wednesday, Iger said the company’s focus on cost-cutting has “enabled tremendous efficiency” and the company based in Burbank, California, is on track to reduce expenses …

Disney CEO Bob Iger touts streaming progress after a year of ‘fixing’
1 year, 1 month ago

Disney CEO Bob Iger touts streaming progress after a year of ‘fixing’

LA Times  

Bob Iger said Disney is ready to build its business again after a long period of “fixing.” Nearly a year after Bob Iger made his dramatic return to lead Walt Disney Co., the chief executive says the world’s best-known entertainment company is ready to build its business again after a long period of “fixing” what had gone wrong in his …

Disney+ deal for September 2023: Get 3 months for £1.99
1 year, 3 months ago

Disney+ deal for September 2023: Get 3 months for £1.99

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A huge raft of content is about to land on Disney+ in the …

Disney streaming service sees subscribers fall again
1 year, 4 months ago

Disney streaming service sees subscribers fall again

The Hindu  

Disney on Wednesday reported a loss for the most recent quarter, with the number of subscribers to its streaming service shrinking again, but a pledge to crack down on password sharing sent shares higher in after-market trades. The falling Disney+ subscriber numbers - for the third consecutive quarter - came as a major writers and actors strike hits the U.S. …

Disney to boost prices for ad-free Disney+ and Hulu services and vows crackdown on password sharing
1 year, 4 months ago

Disney to boost prices for ad-free Disney+ and Hulu services and vows crackdown on password sharing

Associated Press  

Walt Disney Co. CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year. “We’re obviously trying with our pricing strategy to migrate more subs to the advertising supported tier.” Iger didn’t provide details about the …

Woke Disney loses $900Million in recent box office flops
1 year, 5 months ago

Woke Disney loses $900Million in recent box office flops

Daily Mail  

The Walt Disney Company is looking at an almost $900 million loss following a series of woke flops at the box office. The Walt Disney Company is facing significant financial setbacks, with an estimated loss of nearly $900 million after a series of disappointing woke films Lightyear, released one year ago with a reported budget of $200 million, brought in …

Disney+ sheds 4 million subscribers ahead of new layoffs
1 year, 7 months ago

Disney+ sheds 4 million subscribers ahead of new layoffs

India TV News  

The Walt Disney Company's leading streaming service, Disney+, saw a decline of four million subscribers in its second quarter, which ended on April 1st. The main reason for the decline in Disney+Hotstar's subscriber base is believed to be the loss of streaming rights for the Indian Premier Cricket League, which led to a decrease in Indian subscribers. In a statement, …

Disney+ sheds 4 million subscribers. Iger plans ‘one app experience’ with Hulu shows
1 year, 7 months ago

Disney+ sheds 4 million subscribers. Iger plans ‘one app experience’ with Hulu shows

LA Times  

Walt Disney Co.’s streaming video business narrowed its financial losses in the most recent fiscal quarter compared with a year earlier. “We’re pleased with our accomplishments this quarter, including the improved financial performance of our streaming business, which reflect the strategic changes we’ve been making throughout the company to realign Disney for sustained growth and success,” Iger said in a …

Disney's Q2 earnings: increased profits but a mixed picture
1 year, 7 months ago

Disney's Q2 earnings: increased profits but a mixed picture

NPR  

Disney's Q2 earnings: increased profits but a mixed picture Enlarge this image toggle caption Disneyland Resort/Christian Thompson/The Walt Disney Company Disneyland Resort/Christian Thompson/The Walt Disney Company The Walt Disney Company reported a 13% increase in quarterly earnings on Wednesday — to $21.8 billion. Disney's vast, global portfolio includes theme parks, resorts, movies, streaming and broadcast channels including Disney+, Hulu, ESPN+, …

Disney to cut jobs, save $5.5 bn; Hotstar sees subscribers leave
1 year, 10 months ago

Disney to cut jobs, save $5.5 bn; Hotstar sees subscribers leave

Live Mint  

Walt Disney Co. will be reducing its workforce by 7,000 as it saw its video streaming platform Disney+ lost paid subscribers by 1% in the October to December quarter, from 164.2 million to 161.8 million, the first such decline, amid cancellations of the Hotstar service in India after Disney lost streaming rights to cricket. Walt Disney shares rose as much …

Disney to cut 7,000 jobs in Iger’s company ‘transformation’
1 year, 10 months ago

Disney to cut 7,000 jobs in Iger’s company ‘transformation’

Associated Press  

LOS ANGELES — The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and “strategic reorganization” announced Wednesday by CEO Bob Iger. In a statement, Iger said Disney is embarking on a “significant transformation” that management believes will lead to improved profitability at the company’s streaming business. The company’s direct-to-consumer business, which includes …

Bob Iger announces 7,000 job cuts at Disney, signals ‘significant transformation’
1 year, 10 months ago

Bob Iger announces 7,000 job cuts at Disney, signals ‘significant transformation’

LA Times  

Walt Disney Co. Chief Executive Bob Iger said Wednesday that the Burbank company will shed 7,000 jobs in an effort to save $5.5 billion in costs, marking some of the steepest reductions in the company’s history and the latest sign of Hollywood’s retrenchment. Iger singled out so-called general entertainment content — shows that exist outside Disney’s signature brands — as …

Disney’s Bob Chapek orders hiring freeze, cost cuts to make Disney+ profitable
2 years, 1 month ago

Disney’s Bob Chapek orders hiring freeze, cost cuts to make Disney+ profitable

LA Times  

Bob Chapek wants Disney+ to be profitable by fiscal 2024, but meeting that goal is going to cause some pain at Walt Disney Co. In a memo to Disney executives reviewed by The Times, Chapek said he has established a “cost structure taskforce,” composed of Chief Financial Officer Christine McCarthy and general counsel Horacio Gutierrez. “These efforts will help us …

As streaming services get frugal, programming changes throw Hollywood creators for a loop
2 years, 4 months ago

As streaming services get frugal, programming changes throw Hollywood creators for a loop

LA Times  

Welcome to the Wide Shot, a newsletter about the business of entertainment. An HBO Max spokesperson said: “Live-action kids and family programming will not be part of our programming focus in the immediate future, and as a result, we’ve had to make the very difficult decision to end ‘Gordita Chronicles’ at HBO Max.” It’s worth noting that streaming services aren’t …

Disney+ Hotstar Adds 8.3 Million Subscribers, Hits 58.4 Million Users
2 years, 4 months ago

Disney+ Hotstar Adds 8.3 Million Subscribers, Hits 58.4 Million Users

News 18  

Disney+Hotstar has added 8.3 million subscribers in the company’s third fiscal quarter that ended on July 2, reaching 58.4 mn subscribers in India and Southeast Asia. The Walt Disney Company also updated subscriber guidance for Disney+ Hotstar, to up to 80 million subscribers by the end of its fiscal 2024. Overall, Disney+ subscriptions went up to 152.1 million for its …

Disney tops Netflix in streaming subscribers, raises prices for ad-free options
2 years, 4 months ago

Disney tops Netflix in streaming subscribers, raises prices for ad-free options

The Hindu  

Walt Disney Co edged past Netflix Inc with a total of 221 million streaming subscribers at the end of the most recent quarter and announced it will launch a Disney+ option with advertising this December. Disney+ with ads will cost $7.99 per month, the same price the company now charges for the ad-free version, Disney said in a statement on …

Disney edges past Netflix in streaming battle
2 years, 4 months ago

Disney edges past Netflix in streaming battle

Al Jazeera  

It had staked its future on building a streaming service to rival Netflix as audiences moved to online viewing from traditional TV. Walt Disney Co edged past Netflix Inc with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials. The Mouse House added 14.4 million …

Disney+ ad-free subscription cost to rise by 38% in December
2 years, 4 months ago

Disney+ ad-free subscription cost to rise by 38% in December

Associated Press  

Walt Disney Co. said Wednesday it is raising prices for streaming subscribers in the U.S. who want to watch Disney+ without ads, as more viewers switch to what CEO Bob Chapek described as the “best value in streaming.” The price increases are tied to a new tiered service Disney will launch in December for U.S. subscribers. Disney said it added …

Disney+ subscribers are going to have to pay more to avoid commercials
2 years, 4 months ago

Disney+ subscribers are going to have to pay more to avoid commercials

LA Times  

Disney and Pixar’s “Lightyear,” which opened in theaters and is now on Disney+. The company’s key streaming service added 14.4 million subscribers during its third fiscal quarter, bringing its global total to 152.1 million. Disney said its direct-to-consumer segment, which includes Disney+, Hulu and ESPN+, lost $1 billion during the quarter, compared with a loss of about $300 million during …

Disney+ adds 8 million subscribers, avoiding Netflix streaming slump
2 years, 7 months ago

Disney+ adds 8 million subscribers, avoiding Netflix streaming slump

LA Times  

The great streaming slowdown of 2022 hasn’t hit Mickey Mouse yet. Walt Disney Co. on Wednesday reported better-than-expected subscriber growth from its marquee streaming service Disney+ as it charged forward with its direct-to-consumer transformation while increasing revenue from its crucial theme parks business. The return of Disney’s massive theme parks operation boosted results, driving $6.65 billion in revenue from its …

Disney+ launching cheaper, ad-supported version in U.S. later this year
2 years, 9 months ago

Disney+ launching cheaper, ad-supported version in U.S. later this year

LA Times  

Disney+ is trying to reach up to 260 million subscribers by 2024. Streaming service Disney+ is launching a cheaper version with commercials late this year in the U.S. as Walt Disney Co. tries to improve its chances of hitting its subscriber goals. https://t.co/EsffdGY0nd — Rich Greenfield, LightShed 🔦 March 3, 2022 Disney Chief Executive Bob Chapek has set a goal …

Disney earnings top estimates as Disney+ subscriptions surge
2 years, 10 months ago

Disney earnings top estimates as Disney+ subscriptions surge

Al Jazeera  

Shares of the entertainment company were up 8 percent in extended trading. Walt Disney Co reported better-than-expected first-quarter revenue on Wednesday, buoyed by a steady recovery in its domestic theme parks during the holiday season and strong streaming subscriber growth. The company’s overall revenue rose 34 percent to $21.82bn in the quarter ended January 1, topping analysts’ estimate of $20.91bn, …

Disney+ sees smallest subscriber growth since launch in battle with Netflix
3 years, 1 month ago

Disney+ sees smallest subscriber growth since launch in battle with Netflix

Live Mint  

Walt Disney Co on Wednesday reported the smallest rise in Disney+ subscriptions since it launched the streaming video service to take on Netflix Inc, missing Wall Street targets and driving shares down nearly 5% after hours. Profits from Disney's theme park division fell well short of analyst projections, despite the quarter being the first time all parks were open since …

Disney+ added just 2 million subscribers last quarter. Here’s why
3 years, 1 month ago

Disney+ added just 2 million subscribers last quarter. Here’s why

LA Times  

Marvel Studios’ “Shang-Chi and the Legend of the Ten Rings,” which grossed $430 million at the global box office, will be available on the Disney+ app Friday. Disney+ added just 2.1 million subscribers in the entertainment giant’s most recent fiscal quarter, which ended in early October, bringing its total to 118.1 million, Disney said Wednesday. The company has said it …

Disney parks swing to a profit and Disney+ hits 116 million subscribers
3 years, 4 months ago

Disney parks swing to a profit and Disney+ hits 116 million subscribers

LA Times  

Visitors take a selfie in front of the Walt Disney statue inside Disneyland on April 30 when the theme park reopened for the first time in more than a year. Disney’s streaming business continued to grow, with Disney+ reaching 116 million subscribers during the quarter, up from the 103.6 million the company reported in May. Disney said increased subscription revenue …

Disney+ growth has slowed. That’s bad news for Disney
3 years, 7 months ago

Disney+ growth has slowed. That’s bad news for Disney

CNN  

New York CNN Business — Streaming has carried Disney through the pandemic with Disney+ growing to more than 100 million subscribers. As for Disney’s revenue, that also was soft, coming in at $15.6 billion for the quarter, 13% below last year’s figure, the company said in its second quarter earnings announcement. On Thursday, Disney announced “Jungle Cruise,” a film starring …

Disney+ subscriber growth less than expected. Is the pandemic-fueled streaming boom slowing down?
3 years, 7 months ago

Disney+ subscriber growth less than expected. Is the pandemic-fueled streaming boom slowing down?

LA Times  

Disney+ added fewer subscribers than expected in the most recent fiscal quarter, the latest sign that the pandemic-driven boom in streaming may be starting to wane. The app also raised prices, including a $1-a-month boost in the U.S. Chief Executive Bob Chapek reiterated that Disney+ is expected to hit 230 million to 260 million subscribers in 2024. Including 13.8 million …

Disney+ just raised prices. Here’s why
3 years, 8 months ago

Disney+ just raised prices. Here’s why

CNN  

New York CNN Business — Your Disney+ bill is about to go up. “The pricing strategy did what it was supposed to do” When Disney first announced Disney +’s low price in April 2019, there were audible gasps at its investor day presentation. According to Andrew Hare, a senior vice president of research at media firm Magid, that success gave …

Disney Plus Crosses 100 Million Paid Subscriber-mark In Just 16 Months After Launch
3 years, 9 months ago

Disney Plus Crosses 100 Million Paid Subscriber-mark In Just 16 Months After Launch

News 18  

Walt Disney Co’s Disney+ streaming service has signed up more than 100 million paying subscribers around the world in its first 16 months, Chief Executive Bob Chapek said at the company’s annual shareholder meeting on Tuesday. Chapek also said Disney hopes to reopen its California theme parks to limited attendance in late April. Chapek said it would take a few …

Disney+ surpasses 100 million subscribers, a bright spot amid pandemic
3 years, 9 months ago

Disney+ surpasses 100 million subscribers, a bright spot amid pandemic

LA Times  

“Our direct-to-consumer business is the company’s top priority, and our robust pipeline of content will continue to fuel its growth,” Walt Disney Chief Executive Bob Chapek said. Walt Disney Co.’s key streaming service Disney+ has surpassed 100 million subscribers in the 16 months since it launched, Chief Executive Bob Chapek said during the company’s annual shareholder meeting Tuesday. that are …

Disney 1Q profit falls but beats expectations due to Disney+
3 years, 10 months ago

Disney 1Q profit falls but beats expectations due to Disney+

Associated Press  

NEW YORK — The Walt Disney Co.'s net income fell sharply in its most-recent quarter, as the coronavirus pandemic still weighs heavily on many of its businesses, from theme parks to movies. Disney’s parks and resorts have been closed or operating at significantly reduced capacity since shortly after the pandemic forced lockdowns across the U.S. in March of last year. …

Disney is still getting hammered by the pandemic, but Disney+ is still a star
3 years, 10 months ago

Disney is still getting hammered by the pandemic, but Disney+ is still a star

CNN  

New York CNN Business — Disney kicked off its 2021 fiscal year much as it spent most of 2020, with the pandemic hammering many of its businesses. Disney’s revenue came in at $16.2 billion, which was down 22% from last year, the company said during its first quarter earnings on Thursday. Disney CEO Bob Chapek also announced that Disney ’s …

Streaming is about to get a lot more expensive
4 years ago

Streaming is about to get a lot more expensive

CNN  

New York CNN Business — Disney threw down the gauntlet to its competitors last week, with a slate of remarkable programming on Disney+ alongside some eye-popping subscriber numbers and forecasts. “Increasingly streaming, in general, is taking a greater share of the consumer’s wallet,” Bernie McTernan, a senior analyst at Rosenblatt Securities, told CNN Business. “If Disney needs to spend $14 …

Disney Plus unveils plans for future content, may hike subscription fee for users
4 years ago

Disney Plus unveils plans for future content, may hike subscription fee for users

India Today  

Disney Plus is a well-liked streaming platform for its exclusive content which includes Marvel, Star Wars, and Pixar animation among others. The company recently unveiled its plans for the future content saying that Disney Plus will have 20 new Marvel and Star Wars series. Disney will add 10 Marvel series and 10 Star Wars series "over the next few years," …

Disney+ subscribers hit nearly 74 million as COVID-19 brings big losses
4 years, 1 month ago

Disney+ subscribers hit nearly 74 million as COVID-19 brings big losses

LA Times  

One year ago, Bob Iger and Walt Disney Co. launched their flagship streaming service Disney+ with the intent of building a modern entertainment company that could dominate the fast-changing industry well into the future. The company posted a net loss of $2.8 billion for the 2020 fiscal year, plummeting from a profit of $10.4 billion a year earlier, Disney said …

Disney reorg to further bolster company’s focus on streaming
4 years, 2 months ago

Disney reorg to further bolster company’s focus on streaming

Associated Press  

Disney said Monday that it is reorganizing its business units to focus even more on streaming. The company said in August that its Disney Plus service has more than 60 million subscribers, and subscribers to its main combination of streaming services — Disney Plus, ESPN Plus and Hulu — top 100 million. Disney has released several major titles on streaming …

Disney is set to overhaul its entertainment business with focus on streaming
4 years, 2 months ago

Disney is set to overhaul its entertainment business with focus on streaming

CNN  

New York CNN Business — If there was any question that Disney+ is the center of Disney’s media empire, the company took away all doubt on Monday. Disney announced a major reorganization of its media and entertainment business on Monday to “further accelerate” its streaming strategy. “These moves will not only result in higher quality content, and focused distribution, but …

Activist investor wants Disney to scrap its dividend and invest in Disney+
4 years, 2 months ago

Activist investor wants Disney to scrap its dividend and invest in Disney+

CNN  

New York CNN Business — Disney’s 2020 has been dreadful with one after another of its businesses getting slammed because of the coronavirus pandemic. Dan Loeb, the chief of hedge fund Third Point, wrote a letter to Disney CEO Bob Chapek on Wednesday calling on the company to permanently suspend its $3 billion in annual dividend payments and invest that …

Activist investor to Disney: Double your streaming content budget
4 years, 2 months ago

Activist investor to Disney: Double your streaming content budget

LA Times  

Walt Disney Co. has already made a high-stakes bet to transform itself into a streaming video giant with Disney+. By suspending its $3-billion dividend, Disney could “more than double” its budget for producing and acquiring content for its streaming services, including Disney+, Loeb wrote. “With Disney’s superior tentpole franchises and production capabilities, we believe that the company can exceed the …

'Mulan' free for all Disney+ subscribers in early December
4 years, 3 months ago

'Mulan' free for all Disney+ subscribers in early December

China Daily  

Cast member Yifei Liu gestures as she attends the European premiere for the film "Mulan" in London, Britain March 12, 2020. Disney's long-awaited China-set live-action film "Mulan" will be free for all subscribers of Disney+, the company's streaming service, in early December, reported US media on Wednesday. Starting Sept 4, "Mulan" will be available to Disney+ subscribers who pay the …

'Mulan' free for all Disney+ subscribers in early December
4 years, 3 months ago

'Mulan' free for all Disney+ subscribers in early December

China Daily  

Cast member Yifei Liu gestures as she attends the European premiere for the film "Mulan" in London, Britain March 12, 2020. Disney's long-awaited China-set live-action film "Mulan" will be free for all subscribers of Disney+, the company's streaming service, in early December, reported US media on Wednesday. Starting Sept 4, "Mulan" will be available to Disney+ subscribers who pay the …

Why Disney is releasing ‘Mulan’ on Disney+ for $30
4 years, 3 months ago

Why Disney is releasing ‘Mulan’ on Disney+ for $30

CNN  

New York CNN Business — When Disney announced that it would be releasing “Mulan” on Disney+, one number stuck out: $30. “There is a good chance Disney could better monetize ‘Mulan’ with Premier Access relative to the box office,” he said. “If there were any questions prior, it shows Disney is all-in on streaming.” Another benefit to Premier Access for …

Why Subscribers Will Have To Pay $30 To Watch New 'Mulan' Movie
4 years, 4 months ago

Why Subscribers Will Have To Pay $30 To Watch New 'Mulan' Movie

NPR  

Why Subscribers Will Have To Pay $30 To Watch New 'Mulan' Movie STACEY VANEK SMITH, HOST: Disney Plus watchers are used to shelling out a monthly fee for the streaming service. Disney Plus costs less than 10 bucks a month unless you want to see Disney's new live action movie "Mulan." LOW: Well, the way Disney CEO Bob Chapek put …

Disney reports 42 percent revenue drop in third fiscal quarter, earns $11.78 bn
4 years, 4 months ago

Disney reports 42 percent revenue drop in third fiscal quarter, earns $11.78 bn

Firstpost  

Disney has been opening its parks around the globe, but most were still shuttered during the company’s fiscal third-quarter. Walt Disney Co on Tuesday reported that its net income fell dramatically in the three-month period that ended in June when most of its theme parks were shuttered and theatrical movie releases were postponed. Disney has been opening its parks back …

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