Disney Loses $1.4 Billion From COVID-19 Closures
Wochit
2020-05-05
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According to Reuters Walt Disney Co. is taking a big financial hit due to coronavirus.
So far, they have lost $1.4 billion dollars, mostly since closing their global theme parks in March.
They've also lost out on the film side, with movie theaters going dark, and television and film production halted.
Disney’s ESPN sports network was left with no major live sports to broadcast.
Three months ago the entertainment giant shared that its movie studio had a record year and that they had a strong start to their streaming service, Disney +.
According to Reuters, Disney will likely take a larger financial hit in the current quarter, which ends in June.
So far, they have lost $1.4 billion dollars, mostly since closing their global theme parks in March.
They've also lost out on the film side, with movie theaters going dark, and television and film production halted.
Disney’s ESPN sports network was left with no major live sports to broadcast.
Three months ago the entertainment giant shared that its movie studio had a record year and that they had a strong start to their streaming service, Disney +.
According to Reuters, Disney will likely take a larger financial hit in the current quarter, which ends in June.
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