Walt Disney suffers first loss in 40 years

Walt Disney suffers first loss in 40 years Walt Disney, the largest conglomerate in the US and world entertainment industry, ended the third quarter of this year with a loss of $ 710 million, Report says, citing Interfax.
Business
November 13, 2020 13:22
Walt Disney suffers first loss in 40 years

Walt Disney, the largest conglomerate in the US and world entertainment industry, ended the third quarter of this year with a loss of $ 710 million, Report says, citing Interfax.

The company had a $ 777 million gain from the same period last year.

Walt Disney ended the fiscal year 2020, which ran from October 2019 to September 2020, with a $ 2.832 billion loss. However, the company had a $ 10.425 billion profit in the fiscal year 2019, which lasted from October 2018 to September 2019. This is the first case in the history of the entertainment giant since 1980.

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