Disney+ hits 73.7M subscribers in less than one year
Disney+ hits 73.7M subscribers in less than one year
15 November, 2020, 02:27
Thursday afternoon, The Walt Disney Company released its earnings report for the 4th fiscal quarter of 2020 (ending October 3, 2020), showing revenue down 23% and income down 82% over a year ago for the quarter.
"The real bright spot has been our direct-to-consumer business, which is key to the future of our company", Chief Executive Officer Bob Chapeksaid in a statement.
Disney's direct-to-consumer division - including streaming service Disney+ which began offering USA broadway show Hamilton in July - has been a "bright spot" amid the pandemic, said Bob Chapek, chief executive.
The call also touched on Disney's theme parks and resort operations, saying that even while running at the required reduced capacity, the company is still seeing a "willingness" from consumers to visit the sites.
Several Disney parks overseas have reopened since the start of the global health crisis: Shanghai Disney Resort reopened in May, Disneyland Paris in mid-July, and Hong Kong in late September. Do you think Disney can recover once the pandemic has passed?
The disrupted resulted in just fourth-quarter revenue of just $2.58 billion for the division, which is down 61% year-over-year. Executives in charge of greenlighting movies and TV shows will be centralized in a distribution arm that determines where a given project premieres-on a streaming service, a TV network or in movie theaters. Chapek did warn that the unpredictability of COVID-19 could cause disruptions.
The direct-to-consumer and global segment, which includes its streaming service, Disney+, reported an operating loss of $580 million, compared with $751 million a year earlier.
He acknowledges that people are willing to visit the parks because they trust Disney and are confident in the measures that have been taken.
"We're extraordinarily dissatisfied that the state of California continues to preserve Disneyland closed regardless of our confirmed observe file", he mentioned on the fourth-quarter earnings name.
That was minimal compared with the job cuts announced in late September, when the company laid off approximately 28,000 workers from its domestic theme parks. Disney World hotels are almost fully booked, even as the park operates at reduced capacity, she said.
The Anaheim, Calif. theme park and resort has been closed since mid-March amid the ongoing coronavirus pandemic.
According to Disney's fourth quarter earnings results, the subscription service gained 73.7 million subscribers since it launched in November 2019.
Jason and Olivia started dating in November, 2011 and the funnyman proposed to the actress/director in 2012. Now, though, the pair has amicably broken up, according to a report published late Friday by People .
Grand Rapids Public Schools - District decided October 19 to continue its all-virtual model through the end of the semester. Every school south of the Broad River had more students attending hybrid classes than the district average.
The Indian Army said "substantial damage" was inflicted on the "Pakistan army's infrastructure and causalities". The BSF identified the dead sub-inspector as Rakesh Doval and said a constable was injured.
Sierra Leone began their stunning fightback just before half-time when Kwame Quee grabbed what looked to be a consolation goal. Ghana lead Group C with a maximum nine points, South Africa have six, Sudan three and Sao Tome are pointless.
Both liberal and conservative legal experts say the theoretical approach Trump appears to be trying is extremely unlikely. In fact, there's no guarantee that Pfizer's shot, the front-runner, will get rapid authorisation for emergency use.
Legal giant Porter Wright Morris & Arthur filed the motion to withdraw Thursday, leaving local election lawyer Linda A. Kerns of Philadelphia as the campaign's only remaining attorney on the federal court case in Williamsport.
After doing this, the PS5 version of Call of Duty: Black Ops Cold War should be the only one showing up on your dashboard at all. The world of Black Ops Cold War was already set, which meant that we had a foundation that we could innovate and improve upon.
"I don't have to tell people that I value winning", said VanVleet, a key bench player during Toronto's 2019 championship run. Nobody should be surprised to hear that VanVleet is trying to get paid. "I'm not gonna play hard to get", VanVleet said.
Google has decided its workers can return to the office in July-just not July 2020, reports the Wall Street Journal . By comparison, Microsoft still intends to start bringing employees back to the office sometime this fall.
Case numbers are trending upward in 46 states and holding relatively steady in four, while no state is seeing a decline in cases. The governor's order also includes private social gatherings, which must be limited to 10 people from three households or less.
Hundreds of thousands of Muslim Rohingya fled an army crackdown - described by the United Nations as ethnic cleansing - in 2017. Observers had questioned the credibility of the election because of the disenfranchisement of virtually all the Rohingya.
Jose Abreu wins 2020 AL MVP Award
Freeman became the first Braves player to win the MVP since Chipper Jones , whom Freeman considers a mentor, in 1999. Abreu is the third Cuban-born player to be named MVP, joining Jose Canseco (1988) and Zoilo Versalles (1965).
Woods finds little reward from long day at Masters
When he felt dizzy in the start of the second round Friday, DeChambeau anxious he might have the coronavirus. DeChambeau lost his ball when he hooked it left of the third fairway, apparently into wet, muddy rough.
USA 2020: Twitter labels 300,000 misleading tweets
In the blog post, Twitter said it was taking more time to study the effect but that the measure would be kept in place "for now". Twitter temporarily stopped recommending tweets on newsfeeds and through notifications from accounts that users don't follow.
6 dead, 110 saved in Mediterranean migrant shipwreck
That had prompted government agencies to undertake an immediate rescue operation - without any reaction, as is usually the case. Thousands more have been stopped at sea and returned to Libya where they are often vulnerable to exploitation and abuse.
Facebook extends stop for political ads for one month
Google representatives have told some advertisers it is unlikely to lift its ban in November or December, the people said . Facebook spokesman Andy Stone said those emergency measures would not be permanent, but that rollback was "not imminent".
British serial killer the 'Yorkshire Ripper' dies
According to a report by the Sun , Sutcliffe was taken to University Hospital of North Durham, but once there refused treatment. Richard McCann, whose mother Wilma was Sutcliffe's first victim in October 1975, told Sky News he had "ruined so many lives".
Chris Pratt Joins Thor: Love and Thunder
And in the new film, she is said to be taking on the mantle of Thor , thereby becoming the first female actor to do so. Pratt's Guardians of the Galaxy character will make an appearance in the Marvel Cinematic Universe's fourth Thor film.
She Just Made Baseball History
The Miami Marlins have named Kim Ng as their next general manager in a historic move for Major League Baseball . Just like with [vice president-elect] Kamala Harris there's nothing more powerful than when you see it.