Streaming remains lone bright spot as Disney prepares for an unprecedented fight

Disney was at the top of the world at the end of 2019: a record-breaking year at the box office, the launch of Disney Plus, and a release of the biggest movie in history. Now, just five months into 2020, Disney is in for a bumpy ride.

“While the COVID-19 pandemic has had an appreciable financial impact on a number of our businesses, we are confident in our ability to withstand this disruption and emerge from it in a strong position,” CEO Bob Chapek said in a press release. “Disney has repeatedly shown that it is exceptionally resilient, bolstered by the quality of our storytelling and the strong affinity consumers have for our brands, which is evident in the extraordinary response to Disney Plus since its launch last November.”

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