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Disney To See At Least $1.4 Billion Impact From Coronavirus

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On Tuesday, Walt Disney Co. said it will see an impact of some $1.4 billion from the coronavirus in the current fiscal quarter as a result of a massive hit to its theme parks and other operations.

The media-entertainment giant said its profit plunged 91 percent to $475 million in the period ending March 28, amid an impact from the pandemic and heavy investment in its new streaming media service Disney+.

Total revenues rose 21 percent to $18 billion for the company, with media operations showing strong growth. According to Bob Chapek, the Chief Executive:

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.

According to CNN, Disney is looking forward to reopening its Shanghai park by next week.

Revenues from its “direct to consumer” operations which include the new streaming platform to rival Netflix, jumped to more than $4 billion in the fiscal second quarter. But the unit lost $812 million due to expenses from its rollout.

The new Disney+ service had some 33.5 million subscribers at the end of March, the company said.

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Checkout The Full List Of Words Twitter Has Banned Because Of The Black Lives Matter Movement

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Twitter has announced to its users that due to the black lives matter movement, certain languages have been canceled from the platform.

See the list below.

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Rare Act Of Kindness : Pizza Delivery Man Left In Tears After His Customers Surprised Him | WATCH

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Gist below.

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Cake Of The Year: See This Amazing Cake That Has Earned So Much Praise On The Internet | PHOTOS

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Creativity met dexterity and the result is this wonderful cake which looks like a construction site that is causing much buzz on social media. Since photos of the cake hit the internet, netizens have been effusive about it.

Admittedly we have come across some other amazing designs of a cake that reflect the occupation or career setting of the recipient; and in some cases to mirror a particular situation. But this one right here is the first of its kind.

In the photos below, one can see the sand for molding blocks, the building plan, cement, headpan, shovel, blocks, and the building in progress. All the tools and materials for the building have been well laid out too.

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