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		</div><p>Disney’s streaming service has reached more than 54m subscribers around the world, the company has said.</p>
<p>The global entertainment giant unveiled its quarterly earnings on Tuesday, laying bare the grim financial impact of the coronavirus pandemic.</p>
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<p>Disney has been forced to close its theme parks around the world due to the outbreak and said in an earnings call its second quarter profits dropped 91% to $475m.</p>
<figure id="attachment_154765" aria-describedby="caption-attachment-154765" style="width: 600px" class="wp-caption aligncenter"><img src="https://londonglossy.com/wp-content/uploads/2020/05/CB220F0E-7859-4777-8E39-C0A2CC62A66D.jpeg" alt="" width="600" height="767" class="size-full wp-image-154765" /><figcaption id="caption-attachment-154765" class="wp-caption-text">Lui Yifei stars in Disney’s Mulan, which has been delayed due to the coronavirus pandemic</figcaption></figure>
<p>However, the Disney+ streaming service experienced a bounce in subscribers, and now stands at 54.5 million around the world.</p>
<p>That was up 4.5 million from April 8, when Disney said it had reached 50 million subscribers.</p>
<p>Bob Chapek, who was named CEO of Disney in February, said lockdown for millions around the world had made Disney+ more attractive to consumers.</p>
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<p>The coronavirus has had a catastrophic impact on Hollywood and Disney is among the studios forced to stop production on its films and TV shows.</p>
<p>It has also pushed back several major releases, including live-action remake Mulan and Marvel’s Black Widow.</p>
<p>The company’s Netflix rival began streaming in the UK in March.</p>
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