Monday, 30th January 2023
<To guardian.ng
Search

Disney returns to profit as streaming business offsets theme park losses

By France24
12 February 2021   |   2:29 pm
Disney's shares have rallied after the company reported better than expected results for its latest quarter. Sales came in at €16.2 billion, down 22 percent from the previous year, amid a continuing hit from the pandemic. But its streaming business Disney+ is continuing to grow as people stay home for longer, offsetting losses made at its theme parks that have suffered months of shutdown. Plus, as dining out is not an option for many couples this Valentine's Day, a handful of hotels in Brussels are offering quality time and fancy dinners for two – in guest rooms.

Related

15 Jan 2022
Nicaraguan President Daniel Ortega is poised to win a fourth consecutive term in Sunday's presidential elections. But there's mounting pressure from the US and the EU who are using economic sanctions to promote change.
15 Jan 2022
China will have 6.5 million more affordable rental housing units during the 14th Five-Year Plan period (2021-2025), an official of the Ministry of Housing and Urban-Rural Development said on Tuesday.
24 Jan 2022
Marie-Hélène Poisson is the only craftswoman to be entirely dedicated to Boulle work. This French technique, invented at the end of the 17th century, consists of inlaying antique furniture with decoration made of brass or tortoiseshell. Marie-Hélène learned the trade from her father and is now passing it on to her daughter. The future of Boulle inlay is safe in their hands. FRANCE 24 takes you to the town of Vendôme, in France's Loir-et-Cher region, for a closer look at this special craft.
10 Feb 2022
We take a look at the business of this year's Winter Olympics. A report suggests the true cost is 10 times more than the official $3.9 billion price tag, but Beijing is banking on other benefits. Also, Amazon reports another strong sales quarter, with its advertising business playing an increasingly significant role.
12 Feb 2022
A student who set up a not-for-profit project in lockdown has helped 3,000 refugees out of period poverty. Ella Lambert, 21, who studies at the University of Bristol, launched the Pachamama Project last year. The initiative which has 1,000 volunteers globally, makes and distributes reusable sanitary pads to refugees.
12 Feb 2022
Disney's earnings jumped above pre-pandemic levels in its latest financial results, boosted by the return of visitors to the company's theme parks. The streaming service Disney+ also added almost 12 million subscribers in the last three months of 2021, more than expected, thanks to popular additions including the Beatles documentary "Get Back". Also today, we look ahead to French President Emmanuel Macron's announcements on nuclear power, which is becoming a major issue in April's presidential election.
27 Mar 2022
24 Mar 2022
French car giant Renault announced Wednesday it was immediately suspending operations at its Moscow factory after Kyiv called for a boycott of the company for remaining in Russia.
11 Apr 2022
The coronavirus pandemic forced many companies to halt business travel almost overnight. The economic consequences for airlines and hotels have been dramatic, leaving many to wonder if corporate travel will bounce back.
23 Apr 2022
We look at reaction to how Republican lawmakers in Florida may have just made an expensive mistake by revoking Disney's special status, as retribution for the company's opposition to the state's "Don’t say gay" bill. The papers are also discussing the situation in the besieged Ukrainian city of Mariupol and what the coming weeks could mean for the war. Finally, The New York Times reports on how shaved heads "have people buzzing".
30 Apr 2022
The former US president has been fined $10,000 per day until he complies with a New York court order to turn over documents as part of an investigation into his business practices.
7 May 2022
More European businesses in China are looking to shift their investments due to the country's strict coronavirus lockdowns, according to the European Chamber of Commerce.