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Disney Reports 73 Million Disney+ Subscribers in Q4

Disney shares rallied after the company reported fiscal fourth-quarter financial results after the market close Thursday. Though the media giant reported better-than-expected top and bottom lines, most of its businesses continued to get crushed as a result of the ongoing pandemic. Disney+ was the bright spot in an otherwise tough quarter. The company announced that as of Oct. 3, Disney+ had more than 73 million paid subscribers. Variety senior reporter Elaine Low and Variety Intelligence Platform media analyst and correspondent Heidi Chung discuss Disney’s latest quarterly results.
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