Disney theme parks take a $1-billion hit amid coronavirus closures

tens of thousands of parks and cruise workers , as well as employees at the company’s movie studio division.

Lightshed Partners analyst Rich Greenfield, a frequent critic of the company, described the coronavirus-driven downturn in stark terms in a blog post for clients. “Disney has gone from being on top of the world a la Lion King, to feeling like Eeyore stuck in the middle of a perfect storm with no end in sight,” Greenfield wrote.

When Disney might reopen its domestic parks is a matter of great speculation. An analyst for J.P. Morgan predicted the parks could open as soon as June 1, but an analyst for Swiss banking giant UBS projected an opening for Jan. 1. Both analysts cautioned that attendance would probably lag below previous numbers for months. Disney has declined to comment on a reopening date for parks in Anaheim and Orlando, Fla.

Source: News Formal (newsformal.com)

So one Avengers movie?

Let’s all feel so sorry for Disney! I won’t be able to sleep

Who gives a shit. They're an entertainment Monopoly, they can afford it.

Just open everything up. If people die they die Dolf Lungren

They've been closed a month. How frequently can they make a billion dollars? How much do the Disney employees (especially those who were furloughed) make in that time?

And it's not even peek season. Buckle up

I guess there are plus sides to coronavirus.

The company itself is fine it’s all the workers who work there who are hurting!

Dear Disneyland please don’t take it out on your consumers, take it out on GavinNewsom who is using all of us for his own political campaigns.

Let me bust out the Kleenex again so I can cry for these billionaires, again - brb

Guess the tickets will increase in price! 🙄

Here’s a tamale to unwrap for next quarters board meeting.

Open Up Disneyland Shanghai!

Greedy company. What family can afford Disney parks? Serves them good.

should've saved for a rainy day instead of buying back shares

Disney is FUCKING RICH FOR 3 CENTURIES 💰👹

And?!! What are they?!? A $200B company?!!!!!!... I really don’t know but it has to be close!! No one cares either way

Disney lets their workers go hungry. Please cover that too

Maybe this blast of nocash will humble Disney a bit and make their leaders less a-holey. 🤔

They’ll be all right. Since they just dropped Disney+ and made several billion dollars

Can't wait to see what the new admission prices will be to account for their losses.

Hmmm this is just the beginning of ugly events to come .

YEAH! 😘

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