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Tag: disney
Disney streaming losses swell on expansion costs, skips dividend
2020-05-06 08:54:00| Telecompaper Headlines
(Telecompaper) Disney reported a sharp increase in losses from its streaming business in its fiscal second quarter to March. The operating loss swelled to USD 812 million from USD 385 million a year ago at the Direct-to-Consumer & International division, while revenues jumped from USD 1.1 billion to USD 4.1 billion. This follows the acquisition of 100 percent of Hulu in March 2019 and costs for the launch of Disney+.
Tags: costs
expansion
disney
losses
Disney suffers $1.4bn hit due to coronavirus
2020-05-05 23:47:23| BBC News | Business | UK Edition
Lockdowns have forced the company to close its theme parks and has hurt advertising.
Disney sparks backlash with #MayThe4th tweet
2020-04-28 14:21:57| BBC News | Business | UK Edition
The company suggested it owned the rights to any tweet containing the hashtag.
Tags: disney
sparks
backlash
tweet
Disney stops paying 100,000 workers during downturn
2020-04-20 03:30:29| BBC News | Business | UK Edition
Entertainment giant Disney will stop paying nearly half its workforce as it battles virus shutdowns.
Tags: workers
disney
paying
stops
Disney+ passes 50 mln subscribers after launch in India, Europe
2020-04-09 08:48:00| Telecompaper Headlines
(Telecompaper) Disney announced that its subscription streaming service Disney+ has passed 50 million paid subscribers worldwide. This comes five months after the video service first launched in the US in November 2019 and follows the recent expansion to India and western Europe.
Tags: europe
india
launch
disney
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