Tuesday, May 5, 2020

Disney profit sinks amid shuttered parks, movies and sports


NEW YORK (AP) — The House of Mouse is struggling amid the coronavirus pandemic. Disney reported a steep decline in profit as many segments of its media and entertainment offerings ground to a standstill. Its second quarter profit dropped 91% to $475 million, down from $5.4 billion a year earlier. Overall, the company said costs […]

source https://www.seattletimes.com/business/disney-2q-profit-sinks-on-pandemic-woes/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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