Tv, Pandemic, Espn, Nba, Florida

Tv, Pandemic

Disney to reveal pandemic hit to parks and ESPN, boost to streaming services, on Tuesday

Disney to reveal pandemic hit to parks and ESPN, boost to streaming services, on Tuesday

3/8/2020 1:29:00 PM

Disney to reveal pandemic hit to parks and ESPN , boost to streaming services, on Tuesday

For Walt Disney Co , the ability to sell 'Frozen'-themed water bottles at the Magic Kingdom theme park while selling ads during the NBA playoffs ...

BookmarkREUTERS: For Walt Disney Co , the ability to sell"Frozen"-themed water bottles at the Magic Kingdom theme park while selling ads during the NBA playoffs has historically been its greatest strength.But since the coronavirus pandemic forced theme parks and cinemas to shutter and live sporting events to be canceled, that exposure has made Disney one of the most vulnerable of its peers.

Pfizer-BioNTech jab confirmed to protect 95% in largest study yet Saucepan iPhone Case Now Available Online For $7.50 SPH to restructure media business into not-for-profit entity

AdvertisementAdvertisementWhen Disney announces its third-quarter results on Tuesday, investors will gauge how significantly the pandemic has hurt the company’s theme parks, TV networks and studios, while boosting streaming services like Disney+.PARKS, EXPERIENCES AND PRODUCTS

Disney's theme parks are expected to take the biggest hit from the pandemic. The unit is forecast to report a US$2 billion quarterly loss, compared with a US$1.7 billion profit a year earlier, according to Refinitiv data.Walt Disney World in Florida reopened in July to limited attendance. But with record-breaking coronavirus infection rates in Florida, can Disney avoid the fate of its Hong Kong park, which reopened only to be closed again as cases spiked? headtopics.com

AdvertisementAdvertisementMEDIA NETWORKSAnalysts are expecting the division to be dragged down by sharp declines at ESPN. They are forecasting a US$1.97 billion quarterly profit, compared with a US$2.1 billion profit during the same period last year.ABC missed out on the NBA Finals during the quarter; the league restarted its season on July 30. Major League Baseball’s restart on July 23 - which set TV ratings records on ESPN - has been clouded by a COVID-19 outbreak among Miami Marlins players, causing the league to postpone games. A financial rebound from the return of live sports is uncertain.

STUDIO ENTERTAINMENTTheaters are starting to reopen, but Disney has postponed the theatrical release of"Mulan" and other potential blockbusters. A few smaller movies that had been scheduled to debut in theaters were moved to Disney+.Analysts expect the studio to post operating income of US$356 million, a 55per cent decline from a year earlier. How and when will Disney fully resume movie production, and what are its plans for films that are already completed?

DIRECT-TO-CONSUMER AND INTERNATIONALDisney+ is expected to be a bright spot in the third quarter, as viewers remained at home. As Disney invests in building the service, analysts expect a US$1.1 billion loss in the division, about double the loss from the same period last year.

Beyonce’s film “Black is King” debuted on Disney+ on Friday. The company used Disney+ as the platform for its filmed version of “Hamilton,” accelerating its Oct. 15, 2021, theatrical release to July 3 on the streaming service. Will Disney continue to divert hot properties onto Disney+ to maintain its growth streak as the pandemic drags on? headtopics.com

Tom Hiddleston’s Loki Series To Debut On Disney+ Two Days Earlier On June 9 Moderna booster increases antibodies against Covid-19 variants, early data shows Hong Kong activist Joshua Wong jailed for 10 months over Tiananmen vigil

(Reporting by Helen Coster in New York and Lisa Richwine in Los Angeles; editing by Jonathan Oatis) Read more: CNA »

Minneapolis jury convicts ex-policeman Derek Chauvin of murdering George Floyd

Jet fuel demand outlook sours after fleeting market optimismFor a faint moment, energy traders had an inkling that demand for jet fuel, the worst-hit product in fuel markets due to the coronavirus pandemic, ...

Decline of Singapore’s famed shopping strip shows city’s painA walk down Orchard Road shows just how badly the coronavirus pandemic has hit Singapore’s famed shopping strip. YahooFinance

Hermes sales plunge 42 per cent amid global coronavirus store closuresEven the Birkin bag maker isn’t immune to effects of pandemic-induced lockdowns.

Gold hits record high as virus fears, weaker US dollar boost demand[BENGALURU] Gold rose to an all-time high on Monday as a softer US dollar and fears over the global economic fallout from surging coronavirus cases lifted demand for the safe-haven metal. Read more at The Business Times.

Gold hits record high as Covid-19 fears, weaker US dollar boost demandBENGALURU (REUTERS) - Gold rose to an all-time high on Monday (Aug 3) as a softer US dollar and fears over the global economic fallout from surging coronavirus cases lifted demand for the safe-haven metal.. Read more at straitstimes.com.

Tailored Brands files for bankruptcy as pandemic hammers salesMen's Wearhouse owner Tailored Brands filed for bankruptcy on Sunday, adding to a list of brick-and-mortar retailers that have succumbed to the ...