Disney’s Streamers Are Lone Bright Spot in Quarter as It Takes $1.4 Billion Covid-19 Hit

Media and entertainment companies of almost all stripes are facing unprecedented challenges due to the novel coronavirus pandemic and its related economic headwinds. For Disney, the fallout from Covid-19 resulted in a $1.4 billion income hit in its most recent fiscal quarter. In its quarterly report today, Disney said shutdowns due to the ongoing pandemic…

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