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Photo: Bruce Glikas/Bruce Glikas/WireImage/Getty Images

Disney announced on Thursday it will be pulling "Frozen" the musical from Broadway after nearly a year as the coronavirus pandemic continues to take its toll on large events and shows, The Washington Post reports.

Why it matters: The show had been financially performing well and was bringing in $1.5 million a week. However, there is a worry that when Broadway comes back there won't be enough people coming to the shows, the Post writes. Most of Disney's Broadway audience is composed of families and people visiting from out of town.

The state of play: "Frozen" first opened in March 2018, and played for 851 performances. That's not much compared to other Disney hits such as "The Lion King," which has been running for 22 years, and "Aladdin," which has been running six years.

  • Broadway's 41 theaters will remain closed till September 6, but there is no set date when shows will resume.
  • Disney has been furloughing thousands of workers due to the pandemic.
"This difficult decision was made for several reasons, but primarily because we believe that three Disney productions will be one too many titles to run successfully in Broadway’s new landscape."
— Thomas Schumacher, president and producer of Disney Theatrical Productions, per the Post

Go deeper: Disney to release film version of "Hamilton" with original cast

Go deeper

Senate Democrats unveil new income tax for billionaires

Sen. Ron Wyden. Photo: Drew Angerer/Getty Images

Senate Democrats on Wednesday released a billionaires' tax proposal, designed to help support President Biden's social spending and climate change legislation.

Why it matters: Sen. Ron Wyden (D-Ore.), chairman of the Senate Finance Committee, said the Billionaires Income Tax would raise "hundreds of billions of dollars" and would affect approximately 700 taxpayers who have more than $1 billion in assets or incomes of over $100 million a year.

The startup that wants to disrupt big internet providers

Illustration: Maura Losch/Axios

A new startup backed by funding from AOL founder Steve Case and Laurene Powell Jobs wants to break up broadband monopolies across the country.

Why it matters: Internet access has been crucial during the pandemic, but it's not ubiquitous, and it can be both slow and unaffordable in swaths of the country.

4 hours ago - World

Top general: China's hypersonic missile test "very close" to a "Sputnik moment"

Gen. Mark Milley. Photo: Rod Lamkey-Pool/Getty Images

Gen. Mark Milley, the chairman of the Joint Chiefs of Staff, warned Wednesday that China's test of a hypersonic missile is "very concerning" and "very close" to the kind of "Sputnik moment" that triggered the Space Race during the Cold War.

Why it matters: The comments by America's top uniformed general underscore the depths of U.S. concerns about China's rapid military expansion and development of advanced weaponry.