Disney's streaming business turns a profit for the first time and earlier than expected it as company tops expectations

Category: Business

Disney's streaming business has achieved profitability for the first time, surpassing expectations ahead of schedule.

Keywords: Disney, streaming, profitability

Source: ABC News - Breaking News, Latest News and Videos

Update At: 8/7/2024

Related Sources

Is Big Lots closing? What to know as company announces 'going out of business' sales

Big Lots is set to close all its locations after filing for Chapter 11 bankruptcy, with over 400 stores already closed in 2024. The company plans to start 'going out of business' sales at remaining stores, although CEO Bruce Thorn mentioned that closures could be reversed if a sale is completed. The company had previously filed for bankruptcy and attempted to sell its assets, but the sale fell through.

USA TODAY

Big Lots' doors closing after sale collapse amid economic woes

Big Lots is closing all its stores after a failed sale to Nexus Capital Management, following the closure of over 400 locations in 2024 due to bankruptcy. The company, which operates 963 locations, is starting 'going out of business' sales as it seeks alternative buyers amidst challenging economic conditions.

10TV

Big Lots to close remaining stores

Big Lots will close all its remaining stores across the nation, including nine locations in the greater Baltimore area, following earlier closures in Reisterstown and Glen Burnie.

wmar2news.com

Big Lots laying off over 500 corporate employees including CEO, closing all stores

Big Lots is shutting down all operations after bankruptcy and a failed sale, with going out of business sales starting soon. Up to 555 employees will be laid off, including the president and CEO, as the company faces $89 million in debts to unsecured creditors.

ABC6OnYourSide.com

Party City is going out of business | Business

Party City is closing all its stores, ending nearly 40 years in business due to financial struggles exacerbated by inflation and competition. CEO Barry Litwin announced the immediate winddown of operations, with employees receiving no severance pay. The company, which recently exited bankruptcy, faced significant debt and rising costs, leading to its collapse amidst a challenging retail environment.

CNNMoney

Party City is closing its stores and going out of business, report says

Party City is closing all its stores and going out of business after more than 30 years of operation. CEO Barry Litwin announced the winddown process, stating that despite efforts to avoid this outcome, it was necessary. The retailer, known for party supplies and Halloween costumes, had over 850 locations and filed for Chapter 11 bankruptcy in January 2023. Recent reports indicate the company is facing continued financial challenges, leading to the decision to close.

NBC New York

Party City is going out of business. What we know so far about Michigan locations

Party City is shutting down its operations, closing all 20 locations in Michigan. CEO Barry Litwin announced that employees were informed of the immediate closure, marking the end of their employment. The company has struggled financially, filing for bankruptcy in January 2023 and exiting in September 2023, but failed to recover from its challenges, facing competition from online retailers and seasonal stores.

Lansing State Journal

Party City closing all stores after emerging from bankruptcy. How many Texas locations?

Party City is closing all its stores after nearly 40 years due to financial difficulties, including inflation and competition from online retailers. Employees were informed that operations are winding down immediately, with no severance pay or benefits. The company had previously filed for bankruptcy in January 2023 and exited in September 2023 but could not recover from ongoing financial challenges.

Austin American-Statesman

Is Party City closing down? Party goods retailer has dozens of stores in California

Party City is winding down operations immediately due to financial challenges, with plans to close stores by February 28. The retailer filed for bankruptcy in January 2023 and had previously exited bankruptcy last year. California has 88 Party City stores, and the company has over 700 locations across North America.

The Desert Sun

First Big Lots. Now Party City is closing all of its stores, report says

Party City is winding down operations immediately, with all employees terminated as of Friday. The chain, which has over 850 stores, filed for bankruptcy in January 2023 and struggled with over $800 million in debt despite attempts to restructure. The company has closed more than 80 locations and is now ceasing operations entirely.

The Florida Times-Union