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Disney’s swung to a $710 million loss in the fourth quarter as its theme parks and movie business continued to get crushed by the economic fallout from the coronavirus pandemic.
The Mouse House,
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Disney said Tuesday it will impose another round of furloughs at Disneyland as there is no sign that the Anaheim, Calif.-based theme park will be permitted to reopen anytime soon.
Although Disney did
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Disneyland Paris is temporarily closing again as France enters a second nationwide lockdown to slow the spread of the coronavirus.
The closure, which took hold at the end of the day Thursday, is
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Disney’s theme parks and movie studios won’t be back in full force until at least the middle of next year, according to a Wall Street analyst’s gloomy prediction. Cowen analyst Doug Creutz said Thursday that Disney’s theme parks and its box office-busting movie division — which includes its namesake studio, Marvel, Pixar and 20th Century …
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Walt Disney is temporarily closing its Hong Kong Disneyland theme park from July 15 amid rising coronavirus cases in the Chinese-ruled city, the company said Monday. The announcement came two days after Disney reopened its biggest resort, Walt Disney World in Orlando, Fla., as coronavirus cases surged in the state. “As required by the government …
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Disney says it will enforce a strict policy on wearing masks as it prepares to reopen Disney World on Saturday — but there’s a notable exception that’s raising eyebrows. The Orlando, Fla.-based theme park has designated a handful of “relaxation zones,” where guests are allowed to remove their face coverings — and some of them …
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Disney is “almost there” with purging its racist history. Disneyland and Disney World will change their popular ride Splash Mountain into one with a “The Princess and the Frog” theme, ditching the ride’s connection to the racist “Song of the South” movie. Earlier this month, several petitions to have the Anaheim, California, and Orlando, Florida, …
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The opening of Disney’s two flagship theme parks in California will be delayed amid an increase in coronavirus cases, the company said Wednesday. Anaheim’s Disneyland and Disney California Adventure, both closed due to the pandemic, had planned a phased reopening beginning on July 17. But the company said in a statement Wednesday that they learned …
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Unions representing Disneyland workers are pushing back on plans to reopen the theme park next month as cases of coronavirus surge across the country. The Coalition of Resort Labor Unions sent an open letter last week to California Gov. Gavin Newsom that cited health concerns for workers and park guests alike as Disney seeks state …
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Disney’s earnings dived in the second quarter, including a 58 percent drop in operating incomes tied to its shuttered theme parks and cruise ships, the Mouse House said on Tuesday. The Burbank, Calif. company said that coronavirus pandemic closures, which has also delayed its summer blockbusters, have squeezed its second-quarter earnings to 60 cents a …
Disney’s swung to a $710 million loss in the fourth quarter as its theme parks and movie business continued to get crushed by the economic fallout from the coronavirus pandemic. The Mouse House,
