Search results for Coronavirus

Today, I won’t talk about Coronavirus or the global extent of this pandemic because this is a subject that keeps us busy all the time. I want to invite you to #StayTuned with us and share your vision about the present and future of our great entertainment industry.

CEO Bob Chapek and other company executives will receive a salary cut, and Executive Chairman Bob Iger will go without his entire salary. With halted productions and closed themed parks in North America and Paris, Moffett Nathanson estimated that Disney will take a revenue hit of $3.4 billion in 2020.

The entertainment business is eligible for loans through the $500 billion lending program. Hollywood industries will relieve the losses they experienced during the coronavirus outbreak, with unemployment insurance, small business loans, funding for federal arts agencies and direct payments to eligible citizens.

SVOD services around the world are set to see a 5% uptick in subscriber numbers by the end of the year as a result of the coronavirus pandemic, according to Strategy Analytics.

Fredrik Malmborg, Managing Director at Eccho Rights, analyses the global situation that the entertainment industry is facing due to the Coronavirus outbreak, while he explains the new strategies of the company, highlighting a positive outlook for the future.