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Cynthia Littleton
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Christine Maccarthy
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2020
Cynthia Littleton
Disney Plus
Christine Maccarthy
Disney Plus Reaches 54.5 Million Subscribers
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variety.com
variety.comBy Cynthia Littleton Business Editor Disney Plus has reached 54.5 million subscribers worldwide, the company said Tuesday as it unveiled quarterly earnings that reflect the huge hit to the bottom line caused by the shutdown of Disney’s theme parks and other businesses.
The subscriber update for Disney plus marks a gain of 4.5 million since April 8, when Disney disclosed it had topped 50 million subscribers.
Also Tuesday, Disney confirmed that it will skip its scheduled July dividend payment. The company is focused on preserving ample liquidity amid the coronavirus shutdown that has cost the company $1.4 billion through the end of the quarter ended March 31.
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