Because Disney is in so many businesses, it will provide a good case study of whether the coronavirus “changes everything” in the long run. jbarro writes
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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney is evaluating its movie releases on a case by case basis as it navigates coronavirus-related closuresDisney isn't giving up on movie theaters in the wake of the coronvirus pandemic, but it's going to carefully evaluate its options going forward.
Read more »
Disney theme parks take a $1-billion hit amid coronavirus closuresWalt Disney Co. reported earnings for the first time since its U.S. parks closed amid the coronavirus crisis.
Read more »
Disney earnings plummet more than 90% as coronavirus wipes out more than $1 billionWalt Disney Co. profit dove more than 90% in the second quarter, an example of the drastic effects on the company from the COVID-19 pandemic, which...
Read more »
Shanghai Disneyland To Reopen May 11, Disney Says, But Other Parks Remain In LimboUPDATED with more details: Disney CEO Bob Chapek said Tuesday during the company’s second-quarter earnings call that it plans to open its Shanghai Disneyland theme park on May 11. It was the …
Read more »
Which 'Twilight' Character, Hogwarts House, And Disney Princess Are You A Combo Of?This one will definitely confuse the sorting hat.
Read more »