Disney Earnings Plunge as Virus Costs Company $1.4 Billion in Profits

The transcript discusses Disney's strategic decisions during the COVID-19 pandemic, including the reopening of Shanghai Disneyland and the growth of Disney Plus. Despite the success of Disney Plus, the closure of movie theaters and theme parks significantly impacts revenue. Leadership changes, with Bob Chapek taking over as CEO, are also highlighted, emphasizing Disney's strong intellectual property and potential for recovery post-pandemic.

What challenges does Disney face with movie theaters remaining closed?

Who stepped down as CEO of Disney and who took over the role?