Elaine Low Senior TV WriterIt’s no secret that the coronavirus pandemic has hit the entire entertainment industry hard, from movie theaters to TV production to theme parks.
Walt Disney in particular has endured blows across its many different businesses, given its leadership position at the box office, its vast media networks business, and of course, Disney parks and resorts across the world.Disney detailed most of its financial woes during its fourth-quarter earnings report two weeks ago, with revenue down 23% from the prior year to $14.7 billion and the company swinging to a loss of $710 million (though notably beating Wall Street forecasts nevertheless).
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