Disney Prioritizing Streaming Due To Covid Losses in Parks And On Cruises

  • Disney is shaking up its content and streaming teams to focus more on Disney Plus, it said Monday. The company’s changes come as it faces a reckoning on theme park, cruise ship, and live sports businesses.
  • Disney World guests wore masks on the first day of re-opening following a nearly four-month shutdown due to the coronavirus. Florida continues to be one of the worst-hit states by the pandemic.
  • Investors cheered the news, sending shares of the entertainment conglomerate up 5% in late trading.

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