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The Dow Jones Industrial Average (DJINDICES:^DJI) was struggling on Friday as cases of COVID-19 continued to surge across the United States, and as various Federal Reserve lending programs were terminated effective Dec. 31. Johns Hopkins University reported nearly 190,000 new COVID-19 cases in the U.S. for Thursday, a new daily record. The Dow was down about 0.4% at 1:40 p.m. EST.
Shares of Walt Disney (NYSE:DIS) and Microsoft (NASDAQ:MSFT) declined along with the Dow on Friday. Disney is reportedly considering releasing some of its upcoming films on its streaming service and bypassing theaters, and Microsoft made video calling via its Teams app free for the foreseeable future.
Image source: Disney.
Disney toying with more streaming movie releases
Deadline Hollywood reported on Thursday that Disney was considering skipping movie theaters and going straight to streaming for a number of its high-profile upcoming films. With over 73 million subscribers to the Disney+ streaming service, the company will certainly have a big audience if it goes the streaming route.
Disney is reportedly considering shunning movie theaters due to uncertainty surrounding the movie theater industry. Cases of COVID-19 are surging almost everywhere in the United States, and new restrictions aimed at slowing the spread …
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