The entertainment industry is being hit by the coronavirus in a major way, and not even theme parks are safe from this pandemic. Recently, Disney decided to close the doors of both Disneyland in Anaheim, California and Disney World in Orlando, Florida. Disney Cruise Line has also suspended departures, and the pause button really has been hit on the most Magical Place on Earth!
Described as "revenue-crushing decisions" by Variety, the site reveals that these forced closures (which are meant to help stem the COVID-19 outbreak) are going to result in major losses.
"Theme parks, experiences (like cruises) and consumer products made up nearly half — 45% — of the company’s operating income last year," they reveal. "Every day that Disney’s domestic parks are closed costs the company $20 million to $30 million, estimates Barclays' Venkateshwar."
Those are jaw-dropping numbers, and even though Disney has enough capital to recover, it's no wonder that there are rumours Apple is hoping to swoop in and buy the company in its darkest hour.
That probably isn't going to actually happen, but with the Parks set to remain closed until the end of this month and well into April as well, Disney must be stressed looking at their balance sheets! Fans are bound to flock back eventually, and if you plan on being among them, you should probably check out our Disney World guide for Marvel and Star Wars fans.
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