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On May 6, Disney released its fiscal second-quarter earnings report for 2020 (as of March 28). The financial report shows that Disney's revenue for the quarter was US $ 18 billion, which was 20% higher than the same period of the previous year, and the net profit shrank to US $ 460 million, a 93% decrease from the same period last year. The financial report mentioned that the losses caused by the new crown epidemic to Disney totaled more than $ 1.4 billion.
It is understood that since the outbreak of the global epidemic in March this year, Disney's six resorts worldwide have been closed. At present, apart from the Shanghai Disneyland determined to reopen on May 11, the other five parks have not announced the date of resumption.
Disney's Q2 financial report shows that Disney's film and television department's revenue in the second quarter of 2020 was 1.509 billion US dollars, an increase of 33% year-on-year, and operating profit reached 466 million US dollars, down 8% year-on-year. Revenue maintained year-on-year growth, mainly due to the 33% year-on-year growth in TV and streaming media distribution revenue.
In March, affected by the global epidemic, several films produced by Disney, such as "Mulan", were collectively withdrawn. In the revenue breakdown segment, the company's theater line issuance revenue of 603 million US dollars, a year-on-year decrease of 20%. "Obviously, the epidemic caused the cinema to close, leading to the delay of" Mulan ", " Black Widow " and other films, resulting in a sharp decline in (distribution revenue)." An industry source said. Since the collective closing time of the American theater line is in the middle and late March, the company's theater line release income will continue to decline in the future.
It is understood that since the outbreak of the global epidemic in March this year, Disney's six resorts worldwide have been closed. At present, apart from the Shanghai Disneyland determined to reopen on May 11, the other five parks have not announced the date of resumption.
Disney's Q2 financial report shows that Disney's film and television department's revenue in the second quarter of 2020 was 1.509 billion US dollars, an increase of 33% year-on-year, and operating profit reached 466 million US dollars, down 8% year-on-year. Revenue maintained year-on-year growth, mainly due to the 33% year-on-year growth in TV and streaming media distribution revenue.
In March, affected by the global epidemic, several films produced by Disney, such as "Mulan", were collectively withdrawn. In the revenue breakdown segment, the company's theater line issuance revenue of 603 million US dollars, a year-on-year decrease of 20%. "Obviously, the epidemic caused the cinema to close, leading to the delay of" Mulan ", " Black Widow " and other films, resulting in a sharp decline in (distribution revenue)." An industry source said. Since the collective closing time of the American theater line is in the middle and late March, the company's theater line release income will continue to decline in the future.
