Escapism is working well for Disney, even though the entertainment giant itself can’t completely disengage from the world it inhabits.
Disney’s second-quarter financial results released Wednesday afternoon topped Wall Street estimates in key business sectors like streaming, domestic theme parks and television advertising. Revenue for the fiscal second quarter ended April 2 was up 23% year-on-year to $19.3 billion, with operating income up 50% to $3.7 billion. The company added 7.9 million subscribers to its Disney+ streaming service, 52% more than analysts had predicted, while domestic theme park revenue was $4.9 billion. la is close to the pre-pandemic peak for that segment.
https://www.wsj.com/articles/disneys-drama-stays-off-the-books-11652310575?mod=rss_markets_main Disney’s Drama Stays Off the Books