LOS ANGELES, May 4 — Walt Disney Co’s acquisitions spree that included swallowing much of Rupert Murdoch’s 21st Century Fox last year, and a reputation for operational excellence, turned the company into the world’s most powerful entertainment machine. That girth has now made it the most...
Monday, 04 May 2020 07:10 PM MYT
That girth has now made it the most vulnerable among media companies during the global coronavirus pandemic. Tomorrow, Wall Street will assess the level of damage and look for signs of a bottom. The company’s fiscal second-quarter financial report tomorrow will offer the first assessment of the damage the coronavirus has wreaked on Disney’s global business.
Executives will face analysts looking for answers on how they plan to navigate out of the unprecedented global crisis.Disney has adapted to the new reality in several ways. It provided audiences sheltered at home with early access to, an ESPN documentary series about basketball great Michael Jordan that became an instant hit. National Football League draft coverage also drew record ratings for ESPN and Disney’s ABC broadcast network.
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