Despite Cord-Cutting, Disney's TV Business Is Still Strong

·3 min read
Despite Cord-Cutting, Disney's TV Business Is Still Strong

The coronavirus pandemic had an especially harmful effect on The Walt Disney Company (NYSE: DIS). Disney's streaming services, however, were a bright spot, adding over 100 million subscribers in a little over a year, but the segment is not yet profitable. Disney's media segment, which includes its live TV business, earned $9 billion in operating income in 2020.

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