Not a Very Magical Kingdom

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the Washington Post, COVID-19 continued to hammer Disney in the final months of 2020, with the company’s revenue dropping 22 percent over the holiday period and a much smaller profit than usual.

Questions

  1. Was the revenue better or worse for October to December 2021 than analysts predicted and by how much?
  2. What was Disney’s bright spot?
  3. What was the drop in Bob Iger’s compensation package (the executive chair of Disney)?

Source

Zeitchick, S. (2021). Disney took in nearly $5 billion less in revenue over the pandemic-riddled holidays. The Washington Post, Feb. 11(Retrievable at https://www.washingtonpost.com/business/2021/02/11/disney-quarterly-results-down/)