Posted on Nov 14, 2020 at 9:56 amUpdated Nov 14, 2020, 10:23 AM
Penalized by the Covid-19 pandemic which forces it to close some of its theme parks and stop cruises, Disney’s annual turnover (whose staggered fiscal year ended at the end of September) has down 6% year on year to $ 65.3 billion. For the first time in more than four decades, the entertainment giant is in the red, with an operating loss of $ 2.8 billion, against a profit of 10.4 billion in 2019. But the results of Disney +, its SVOD service launched a year ago, confirm the success of its shift to streaming. Overview of the four challenges that await the almost century-old company.