To gain access to what will soon be the world s biggest film market, Hollywood has had to bow to Chinese censors. Will heightened tensions with the U.S. change that?
The streaming television race is heating up, with Walt Disney Co on Wednesday showing that it is closing the gap with market leader Netflix Inc, whose stride has slowed.
The US entertainment giant blew past expectations for new subscribers to its flagship streaming service Disney+, whose big studio muscle helped it reach 129.8 million subscribers worldwide, about 5 million more than analysts had predicted.
Netflix ended the year with 221.8 million subscribers, a massive number, but it announced slowing growth.
Netflix and Disney+ saw subscriber numbers boom under the lockdown lifestyles brought about by the COVID-19 pandemic.
Disney, the Hollywood entertainment behemoth that turns