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“Disney’s profit plunged 91% last quarter as its parks closed their doors”

Disney’s profit dropped a whopping 91% during the first three months of 2020, revealing the widespread damage that the coronavirus pandemic has brought on its media empire. Although sales for its second quarter were up 21% to $18 billion, Disney’s profit took an enormous hit from the closure of its twelve theme parks as well as mammoth costs associated with getting the Disney+ streaming service off the ground…”

https://www.cnn.com/2020/05/05/media/disney-earnings-q2-2020-coronavirus/

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