Disney’s Pivot To Streaming Suggests Rough Times Ahead For Traditional Entertainment

Amongst its portfolio of businesses, Disney+ is the only clear winner, with the service gaining over 60.5 million members in just ten months since launch. The COVID-19 pandemic, on the other hand, crushed Disney’s cruise, theme park, cable TV, live sports, cinema and retail businesses, resulting in losses over US$4.7 billion in the financial quarter ended June 27. – The Conversation