Disney now has more than 100 million paid subscribers across its direct-to-consumer portfolio
As Disney's legacy businesses continued to be hammered by the coronavirus pandemic, CEO Bob Chapek laid out a path forward for the company. on Disney+ for an additional fee and would push more aggressively into streaming with a new global general interest service. The news, which came minutes after Disney disclosed a 94 percent drop in its earnings per share during the spring quarter, impressed investors, who sent the stock up 5 percent during after-hours trading.
Disney's Parks, Experiences and Products business saw the biggest impact during the period, taking an approximately $3.5 billion hit due to closures. Walt Disney World reopened in July but the impact of that move won’t be known until Disney’s fiscal fourth quarter results are released later this year.
Studio revenues grew 18 percent year-over-year to $2.5 billion during the quarter and operating income dropped 8 percent to $466 million.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
19 Off-The-Beaten-Path National Parks To Visit Before Summer EndsIt's not too late to have a summer adventure!
Weiterlesen »
From Yellowstone to Yosemite, National Parks to Get Long-Awaited OverhaulAfter years in which billions worth of maintenance backed up across the National Parks system, President Trump is poised to sign a new law that would guarantee investment larger than anything national parks have received in decades, park advocates say.
Weiterlesen »
Splash Mountain log flume ride sinks at Disney World's Magic KingdomWalt Disney World's Splash Mountain hit rough waters Sunday as Twitter users posted video of a submerged log flume ride they were in only moments earlier.
Weiterlesen »