![]() Chapek said the board of directors will have the final say on Disney's dividend payouts. "We are tilting the scale pretty dramatically ," Chapek said on "Closing Bell," noting that the company is looking at all investments, including dividends, as it seeks to increase its spend on new content. "I would say Covid accelerated the rate at which we made this transition, but this transition was going to happen anyway." "I would not characterize it as a response to Covid," CEO Bob Chapek told CNBC's Julia Boorstin on "Closing Bell" on Monday. ![]() As of August, Disney has 100 million paid subscribers across its streaming offerings, more than half of whom are subscribers to Disney+. ![]() The move by Disney comes as the global coronavirus pandemic has crippled its theatrical business and ushered more customers toward its streaming options. Shares of the company jumped more than 5% during after-hours trading following the announcement.
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