Disney's quarterly revenue fell 42% and the company lost $4.72 billion as the majority of its businesses reeled during the pandemic
Walt Disney Co. said it lost nearly $5 billion in the quarter ended June 27, as the majority of its business reeled amid global efforts to curb the spread of the coronavirus by shutting down public spaces.
Crippled by sweeping social-distancing measures, the entertainment company swung to a loss of $4.72 billion for its fiscal third quarter, from a year-earlier profit of $1.43 billion. Total revenue fell 42% to $11.8 billion from $20.3 billion.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Disney loses nearly $5 billion in three months as pandemic wreaks havoc on businessWalt Disney Co. shares toppled 2% in after-hours trading Tuesday after the media empire reported a quarterly loss of nearly $5 billion during a pandemic that...
Weiterlesen »
‘Howard’ Review: A Moving Tribute to Disney Lyricist Howard AshmanOne of the hidden strengths of Disney Plus — a streaming service whose subtler assets are indeed easily overshadowed by the library of blockbuster movies available — is its collection of entertainm…
Weiterlesen »
Disney Channel Star Ronni Hawk Arrested for Domestic ViolenceRonni Hawk, one of the stars of the Disney sitcom, 'Stuck in the Middle,' is facing a felony for allegedly roughing up her man.
Weiterlesen »
What, Exactly, Is Hiding in the Disney+ Movie Archives?Implausible animal farces, strange Christmas movies, far more Herbie sequels than we remembered, and something called Fuzzbucket
Weiterlesen »
Netflix in Talks to Buy Amy Adams’ ‘Woman in the Window’ From DisneyNetflix is in early negotiations to buy Amy Adams’ thriller “The Woman in the Window” from Disney, sources confirm to Variety. Disney had originally scheduled the movie for Oct. 4…
Weiterlesen »
Disney Q3 Earnings Preview: COVID CarnageIf you thought Disney’s fiscal second quarter was bad, the entertainment giant’s third-quarter results scheduled for Tuesday are about to be much worse. The ongoing COVID-19 pandemic likely delive…
Weiterlesen »