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Disney: is a return to earnings growth a fantasy?

Disney: is a return to earnings growth a fantasy?

Walt Disney (US:DIS) has delayed the release of major blockbuster films because of the coronavirus crisis – from the new Avatar and Star Wars movies to the highly anticipated Mulan remake. The latter hasn't even been put back on the schedule yet. This blow to revenue will be compounded by the closure of several of Disney's eponymous theme parks in the third quarter, which account for the lion's share of its top line. True, the media giant's new streaming service Disney+ might serve as a bright spot. But as things stand, the group's third-quarter earnings do not seem to be shaping up for a pretty picture on 4 August. What are the key points to look out for next week?

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