Disney will report its fiscal first-quarter earnings on Tuesday afternoon after the close of trading, with the company’s streaming progress, executive turnover and response to the coronavirus…
Disney dominated the box office last quarter forcing rivals to navigate around its large tentpoles. The studio racked up at $1.1 billion at the domestic box office for the period, up 67% from the year before, with a 39% share, according to analyst Michael Nathanson of MoffettNathanson.
On the television front, total domestic national television advertising at ABC nosed down by 1.5% last quarter to an estimated $775 million, Nathanson said. At cable networks, he ad revenue was up 2.4% to an estimated $1.1 billion. The theme park business, already rattled by ongoing unrest in Hong Kong protests, is taking a hit in China in the current quarter on the coronavirus outbreak. The epidemic, which temporarily shuttered Shanghai Disneyland and Hong Kong Disneyland – along with movie theaters, film production and businesses across pretty much every industry – has Wall Street revising projections.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kamasi Washington Preps New Concert Film 'Live at the Apollo Theater'Kamasi Washington announced a new concert film, 'Live at the Apollo Theater'
Read more »
Disney+ Shows Off First Marvel Shows During Super BowlDisney+ debuted the first look at Marvel's FalconAndTheWinterSoldier, Loki and WandaVision during the SuperBowl. Watch:
Read more »
Disney Plus Debuts First Look at Marvel Shows During Super BowlDisney Plus unveiled the first footage from its upcoming Marvel TV series — “WandaVision,” “Loki” and “The Falcon and the Winter Soldier” — during th…
Read more »
Disney+ Shows Off First Marvel Series During Super BowlIt's time. Get a first look at the highly-anticipated new Disney+ shows FalconAndTheWinterSoldier, Loki and WandaVision
Read more »
Disney Reveals First Footage of Loki, The Falcon and the Winter Soldier and WandaVisionThe footage was revealed in a commercial during Super Bowl 2020
Read more »
Why Create & Cultivate Joined Forces With Disney To Honor And Spotlight Minnie MouseDisney and Create & Cultivate joined forces because of their shared commitment to empowering female leaders to pursue their passions and create and cultivate the career and life of their dreams through honoring Minnie Mouse.
Read more »