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BURBANK (CNS) - The Walt Disney Co. reported sharp year-over-year third-quarter revenue drops today, thanks in part to the coronavirus-prompted closure of its theme parks, but the success of its streaming services, most notably Disney+, gave the Burbank company a needed boost.Disney reported third-quarter revenue of .8 billion, a 42% drop from last year's third quarter, but still ahead of industry expectations.Revenue losses were fueled largely by the closure of Disney parks worldwide, with the company's Parks, Experiences and Products segment seeing an 85% revenue drop from the third quarter of last year. The only Disney segment not to report a drop in revenue was the Direct-to-Consumer & International segment, which showed a 2% gain.In terms of operating income, the company's Media Networks showed a 48% jump.``Despite the ongoing challenges of the pandemic, we've continued to build on the incredible success of Disney+ as we grow our direct-to-consumer businesses,'' Disney CEO Bob Chapek said in a statement. ``The global reach of our full portfolio of direct-to-consumer services now exceeds an astounding 100 million paid subscriptions -- a significant milestone and a reaffirmation of our DTC strategy, which we view as key to the future growth of our company.''The company's streaming services are Disney+, ESPN+ and Hulu, with Disney+ representing more than half of the empire's 100 million subscribers, according to the company.Disney reported diluted earnings per share of 8 cents, down from .34 in the same quarter last year.The company had originally planned to reopen its Disneyland and California Adventure theme parks in Anaheim on July 17, but those plans were scrapped as the state saw a surge of coronavirus cases. That surge prompted a delay in the state's release of operating protocols for large venues such as theme parks.The Downtown Disney shopping and entertainment district reopened to the public on July 9, although some individual businesses remained closed. 2016
CARLSBAD (CNS) — A 55-year-old Oceanside man died Saturday in a solo-vehicle collision at Palomar Airport Road.The collision happened at 10:40 a.m. over the Interstate 5 Freeway at Palomar Airport Road, according to Sgt. Chris Karches of the Carlsbad Police Department. The black Chevrolet pickup was occupied by the driver — who died at the scene — as well as a juvenile and a woman. The passengers were not injured.A preliminary investigation showed that alcohol did not appear to be a factor in the collision, Karches said, but the investigation was ongoing.Palomar Airport Road at I-5 was closed while officers investigated the collision but later reopened. 669

California is the single worst state for drivers in the United States, according to a new report from Bankrate.com. Long commute times is the top reason listed by the site with the average commute time in the Golden State being nearly 30 minutes. Nearly half of all roads in California are in poor condition doubling that of the national average. RELATED: Here are the new laws going into effect on California roads in 2019The state also has more thefts and higher insurance premiums. But wait, there’s more. The report also factored in repair costs and extremely high gas prices. Check out the list below for the top 5 worst states for drivers: California HawaiiConnecticutNew Jersey Washington 705
Charges have been dropped against the man accused of criminal homicide in the Opry Mills shooting.Chaos ensued when 22-year-old Justin Golson?shot at?22-year-old?Demarco Churchwell, who was taken to Skyline Medical Center in critical condition where he later died.Immediately after the shooting, Golson ran from the mall to a ticketing booth outside, placed his gun on the counter, and told the people inside to call 911. He told detectives he acted in self-defense after being threatened over social media by the victim and his friends.The mall was evacuated as police secured the area and investigated the incident.Court records show Golson's charge of criminal homicide was dismissed on Monday, July 30. 729
CHICAGO (AP) — Chicago White Sox manager Tony La Russa says he doesn't have a drinking problem. He also says he has to prove that with his behavior. The 76-year-old La Russa has pleaded guilty to a lesser charge to resolve misdemeanor drunken driving charges stemming from his arrest nearly 10 months ago on a freeway in metro Phoenix. La Russa said he feels "deep remorse and regret" about what happened. He underwent 20 hours of alcohol counseling after his arrest, which he described as "very helpful." 513
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