Despite pandemic, investments position Disney for massive success
Disney's investments in building a blockbuster pipeline have paid off handsomely, even before the effect of the Fox acquisition. Many of the company's top theatrical releases stem from an acquisition made over the past decade. In 2019, the company released six movies that made more than $1.0 billion dollars, includ8ing the top three films at the domestic box office: The Lion King, Avengers: Endgame and Toy Story 4. However, the coronavirus pandemic adversely affected the company and pushed back the release of many of its movies such as Mulan, Soul and Black Widow. Still, the combination of Disney with Fox's studio entertainment assets will likely make the company dominant at the box office for years to come.
COVID|New Activity|Structural|M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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