Disney posts first quarterly loss since 2001

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Walt Disney Co. posted its first quarterly loss since 2001.

The net loss came to nearly $5 billion as the majority of the entertainment company's business segments were adversely impacted by the COVID-19 pandemic.

The company reported it now has 60.5 million paid subscribers of its streaming service Disney+. That hit Disney's goal of 60 million-90 million subscribers by 2024, four years early.

Read more from The Wall Street Journal.