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Disney Takes $6.9 Billion Hit Amid Park Closures In 2020

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

The Walt Disney Co. on Thursday reported that the company took a hit of$6.9 billion in 2020 due to parks around the globe either being shuttered or operating at a greatly reduced capacity due to the pandemic.

Disney disclosed the amount in its fourth quarter and full-year earnings report. Discussing the high impact on the company due to the novel coronavirus pandemic, the company noted: "The most significant impact was at the Parks, Experiences and Products segment where since the second quarter of the fiscal year, our parks and resorts have been closed or operating at significantly reduced capacity and our cruise ship sailings have been suspended." Domestically, Disney reopened its Florida destination back in July.

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Florida Coronavirus pandemic reports 2020
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