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Disney's Streaming Growth a Bright Spot Amid Sustained Coronavirus Losses

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

Exactly one year to the date after launching streaming service Disney+ to great fanfare, Disney on Thursday reported a $710 million quarterly operating loss.

Amid a coronavirus pandemic that continues to hammer its legacy businesses — forcing the shuttering of its parks, the delay of its theatrical releases and ongoing layoffs — Disney+ remains a bright spot for the company.

In just 11 months, it has attracted 73.7 million subscribers, easily surpassing a goal that didn't need to be met until 2024.

Around the rest of the company, the picture is still bleak. Disney took a $6.9 billion hitto its Parks, Experiences and Products business in fiscal year 2020 as many of theme parks sat empty.

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