It might be a while. Photo: Paul Hennessy/SOPA Images/Shutterstock The Walt Disney Company had a rough winter quarter because of the coronavirus. The company believes COVID-19-related disruptions cost it $1.4 billion in operating income in the quarter.
Disney chairman Bob Iger, who recently stepped down as CEO but retains a highly active management role in the company, says he has an optimistic outlook nonetheless. Because Disney is in so many businesses — theme parks, hotels and resorts, cruises, movies, television, streaming, retail — it will provide a nice case study of whether the coronavirus “changes everything” in the long run. My suspicion is that Iger is broadly correct: People miss the things they are doing and are hungry to get back to them, when it is safe to do so.
Source: News Formal (newsformal.com)
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