Disney Doubles Down on Content to Save Its Future
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Disney announced it would lay off 28,000 employees across its parks, experiences and consumer products segments in September. In November, Disney launched Disney+ to great fanfare, giving Disney an arm to unleash its powerful library of content, including the coveted Marvel franchise. In May, Disney agreed to acquire Comcast’s one-third stake in Hulu and to take full control of the streaming service. By the end of the fourth quarter of fiscal 2020, Disney+ subscribers had grown to 73 million. Disney will try to bolster its own data capabilities to anticipate the tastes of its streaming audiences.