Disney posts first loss in two decades despite lockdown streaming boom

Disney has posted its first loss in almost two decades after the coronavirus crisis created a perfect storm for the entertainment giant, in which most of its key businesses ground to a near-halt. The company said it made a loss of $4.7bn (£3.6bn) in the three months to the end of June as sales slumped by 40pc to $11.8bn. The company’s theme parks, cruise lines, movie business and sports broadcasting division have all been hit hard by the pandemic, overshadowing the wildly successful