Tag: The Walt Disney Company

Highlights of The Walt Disney Company's third-quarter financials include a 45 percent boost in revenues to $17 billion and Disney+ subscribers soaring to 116 million.

The Walt Disney Company is planning to shut down 100 TV channels in 2021, as it drives forward a digital-first strategy with Disney+.

Revenues at The Walt Disney Company were down 13 percent to $15.6 billion in the second quarter as it continues to feel the impact of Covid-19.

The Walt Disney Company has set new targets for its suite of streaming services, unveiling a raft of new content and an expansion of the Star international brand at its 2020 Investor Day, where it revealed it has topped 137 million paid subs across its portfolio.

The direct-to-consumer and international segment at The Walt Disney Company posted a 41 percent increase in Q4 revenues to $4.9 billion as Disney+ topped 73 million subs.

The Walt Disney Company has set a new organizational structure for its media and entertainment businesses in order to accelerate its direct-to-consumer streaming strategy.

With its parks largely shuttered and movie theaters closed due to COVID-19, The Walt Disney Company reported a third-quarter loss of $4.7 billion on revenues that were down 42 percent to $11.8 billion.

The Walt Disney Company has pledged $5 million to support nonprofit organizations that advance social justice, starting with a $2 million donation to the NAACP.

Rebecca Campbell has been named chairman of direct-to-consumer and international at The Walt Disney Company, succeeding longtime Disney executive Kevin Mayer.

While reporting strong subscriber gains for its SVOD platform, The Walt Disney Company saw its profit plunge in the second quarter as it deals with the impact of the novel coronavirus pandemic.