Earnings season is well underway, and this week the major legacy entertainment studios — Disney, Warner Bros. and Fox — are divulging their second quarter earnings, to mixed receptions.On the bright side for Disney, the company’s theatrical output of late has been stellar, with looking poised to cross the $1 billion threshold this week.
Discovery to engage in some M&A because its current structure did not work, the company did not quell the calls for change as it floundered in its Q2 earnings. Outside of a modest 3.6 million user bump in its streaming offerings, the rest of the report was dire, with not only a 5% drop in revenue during Q2 year-over-year, but also a more than $9 billion charge owing to its financial difficulties.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: