The platform's growth has trounced expectations, and has come at a time when Disney's parks, travel and film businesses are hobbled by the pandemic.
Successive delays of the film industry's would-be blockbusters has only made the dire circumstances of movie theatres more acute.
Disneyland and other US Disney parks will be furloughing thousands of employees due to Covid-19 restrictions and limited attendance.
"Mulan," a mega-budget live action remake of the tale of a legendary Chinese warrior, will be available from September 4 in homes to Disney+ subscribers for an additional $29.99.
Walt Disney Co won US approval to buy Twenty-First Century Fox Inc entertainment assets for $71.3 billion on condition it sell Fox’s 22 regional sports networks, giving Disney an edge over Comcast Corp’s competing bid.
Millions of dollars due in payments to the suppliers are at risk as the iconic toy maker speeds toward US liquidation. The retailer's difficult financial position has also put more than 3000 jobs at risk in the UK.
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