Disney focuses on streaming as it falls to a loss

By 2020-08-04Science & Tech
Image copyright Reuters
Image caption The reopening of Disney’s park in Florida has been clouded by the state’s surge in coronavirus cases

Disney plans to release Mulan on its Disney+ streaming site this year and launch a new streaming service outside the US next year as it tries to build on its early streaming success.

The new service will operate under the Star brand and stream a wider variety of content than Disney+.

The firm said Disney+ had already attracted 60.5 million subscribers.

But the media giant reported enormous losses due to the pandemic as its theme parks closed.

Disney lost $4.7bn (£3.6bn) in the three months to 27 June ... Read even more

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