Disney loses more than $1 billion during pandemic

Discussion in 'Off-Topic Forum' started by Calliers, May 6, 2020.

  1. Calliers

    Calliers Side hustle: Mayor of Kenja Staff Member

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    The ongoing coronavirus pandemic is taking a financial toll on Central Florida's largest employer. Disney reporting that it has lost more than $1 billion because of coronavirus.

    This as Disney officials say Disneyland in Shanghai opens next week. It will be a phased re-opening and crowds will be kept to a minimum.

    Theme park experts think that will be case in Orlando when Disney World re-opens. They also think Disney World could be back in business sooner rather than later.

    “I'd be shocked if they remained shut through the summer, to me that would be devastating both to the region’s economy and for the company," UCF economist Sean Snaith told FOX 35 News.

    Disney’s earnings are down nearly 90-percent compared to this time last year. The company says they lost more than $1 billion since shutting its doors because of COVID-19 and thousands of workers are furloughed.
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    Source: fox35orlando
     
  2. Trusteft

    Trusteft HH's Asteroids' Dominator

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    Well, if I find it I will let them know.
     
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