Money
Disney+ feels the pressure of live entertainment reopening
Walt Disney Co has missed analysts’ estimates for quarterly revenue.
The slump is being blamed on a decrease in new subscribers to Dinsey Plus and operations at its theme parks remaining restricted.
Shares of the company fell 4% to $172 in extended trading.
With movie theatres reopening across America – that too has been a factor for slow membership growth as vaccine rollouts accelerate theater reopenings and live sports events, giving people more avenues of entertainment.