{"id":109109,"date":"2021-03-09T22:25:41","date_gmt":"2021-03-09T22:25:41","guid":{"rendered":"https:\/\/fin2me.com\/?p=109109"},"modified":"2021-03-09T22:25:41","modified_gmt":"2021-03-09T22:25:41","slug":"disney-crosses-streaming-milestone-aims-to-open-california-parks-in-late-april","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/disney-crosses-streaming-milestone-aims-to-open-california-parks-in-late-april\/","title":{"rendered":"Disney crosses streaming milestone, aims to open California parks in late April"},"content":{"rendered":"

LOS ANGELES (Reuters) – Walt Disney Co\u2019s Disney+ streaming service has signed up more than 100 million paying subscribers around the world in its first 16 months, Chief Executive Bob Chapek said at the company\u2019s annual shareholder meeting on Tuesday.<\/p>

FILE PHOTO: A smartphone with displayed “Disney” logo is seen on the keyboard in front of displayed “Streaming service” words in this illustration taken March 24, 2020. REUTERS\/Dado Ruvic<\/figcaption>

Chapek also said Disney hopes to reopen its California theme parks to limited attendance in late April. The parks were closed a year ago due to the COVID-19 pandemic.<\/p>\n

California officials set guidelines that would allow for theme parks in the state to reopen as soon as April 1. Chapek said it would take a few weeks to call back 10,000 furloughed employees to its two theme parks at Disneyland Resort in Anaheim and train them in new virus safety procedures.<\/p>\n

In addition, Disney might be able to resume some cruise ship operations in the fall, Chapek said.<\/p>\n

Disney was hit hard by the coronavirus pandemic as theme parks and movie theaters were forced to shut down, but it has impressed Wall Street with the growth of Disney+, which debuted in November 2019.<\/p>\n

The company is hoping for a comeback at cinemas this year. It currently is holding firm to plans to release Marvel movie \u201cBlack Widow\u201d in movie theaters on May 7, Chapek said.<\/p>\n

Asked if he might replace Kathleen Kennedy, president of \u201cStar Wars\u201d studio Lucasfilm, Chapek said he looked forward to her running that unit \u201cfor many years to come.\u201d Some fans disliked the storylines of recent \u201cStar Wars\u201d movies and have argued for a new leader.<\/p>\n

The company also aims to reinstate dividend payments, which were suspended during the pandemic, \u201cat some point\u201d in the future, Chapek said.<\/p>\n

Chapek and nine others were re-elected to the company\u2019s board of directors, according to preliminary vote tallies announced at the meeting, which was held online. They include Executive Chairman Bob Iger, who previously said he will retire from Disney at the end of 2021.<\/p>\n

In an advisory vote, 68% of ballots cast supported Disney executives\u2019 compensation.<\/p>\n

The company\u2019s shares, which hit a record high of $203 on Monday, were down 2.9% at $196.04 on Tuesday afternoon.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

LOS ANGELES (Reuters) – Walt Disney Co\u2019s Disney+ streaming service has signed up more than 100 million paying subscribers around the world in its first […]<\/p>\n","protected":false},"author":3,"featured_media":109108,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nDisney crosses streaming milestone, aims to open California parks in late April - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/disney-crosses-streaming-milestone-aims-to-open-california-parks-in-late-april\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Disney crosses streaming milestone, aims to open California parks in late April - Fin2me\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES (Reuters) – Walt Disney Co\u2019s Disney+ streaming service has signed up more than 100 million paying subscribers around the world in its first [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/disney-crosses-streaming-milestone-aims-to-open-california-parks-in-late-april\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-09T22:25:41+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/03\/cnewsfotor115-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/disney-crosses-streaming-milestone-aims-to-open-california-parks-in-late-april\/\",\"url\":\"https:\/\/fin2me.com\/markets\/disney-crosses-streaming-milestone-aims-to-open-california-parks-in-late-april\/\",\"name\":\"Disney crosses streaming milestone, aims to open California parks in late April - 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