The growth of Disney's streaming service Disney+ comes at major cost for the company, which is seeing overall profits plunge because of the coronavirus pandemic
New York The coronavirus pandemic hobbled Disney's media empire — except for one, major success story: Disney+.
The company's new streaming service, which launched in November for $6.99 a month, couldn't have come at a better time for Disney . With its parks and resorts closed and its movies delayed, Disney+ has been a bright spot. Growth has skyrocketed as millions are stuck at home, starving for content.But Disney's biggest blessing has also been a major burden. The growth of Disney's direct-to-consumer business has come at major cost for the company.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shanghai Disneyland To Reopen May 11, Disney Says, But Other Parks Remain In LimboUPDATED with more details: Disney CEO Bob Chapek said Tuesday during the company’s second-quarter earnings call that it plans to open its Shanghai Disneyland theme park on May 11. It was the …
Read more »
Disney earnings plummet more than 90% as coronavirus wipes out more than $1 billionWalt Disney Co. profit dove more than 90% in the second quarter, an example of the drastic effects on the company from the COVID-19 pandemic, which...
Read more »
Disney theme parks take a $1-billion hit amid coronavirus closuresWalt Disney Co. reported earnings for the first time since its U.S. parks closed amid the coronavirus crisis.
Read more »
Disney CEO Bob Chapek Promises COVID-19 Furlough Employees Will Be “Back To Work” EventuallyFacing the crushing consequences of the coronavirus pandemic, the Walt Disney Company couldn’t sugarcoat the decline bottom line in its second-quarter earnings today, but newly minted CEO Bob Chape…
Read more »
Which 'Twilight' Character, Hogwarts House, And Disney Princess Are You A Combo Of?This one will definitely confuse the sorting hat.
Read more »