The Walt Disney Studios has stopped film and TV production amid coronavirus pandemic. Its parent company says its profits have dropped 91% in the first quarter of the year. – AFP pic, May 6, 2020.
WALT Disney Co said it will see an impact of some US$1.4 billion from the coronavirus in the current fiscal quarter as a result of a massive hit to its theme parks and other operations. The media-entertainment giant said its profit plunged 91% to US$475 million in the period ending March 28, amid an impact from the pandemic and heavy investment in its new streaming media service Disney+.
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