Disney reported a decline in subscribers to its streaming service and a net loss of $460 million, but shares rose by 2.5%. The loss in subscribers was mainly attributed to its Indian business and the loss of streaming rights for the Indian Premier League.
Disney is trying to get back to firing on all cylinders after being hard-hit by the pandemic. We explain what to expect and consider how Disney shares could react.
Facebook faces investigations in the UK and Europe, Pershing Square Tontine on cusp of striking largest-ever SPAC deal to buy stake in Universal Music, reports suggest Tesla sales in China have collapsed, Disney’s chairman sells shares for $100 million, and Broadcom and Lululemon beat expectations.