Shanghai Disneyland may have been able to reopen, but Disney could be on track to lose around $1 billion in earnings before interest and taxes each month from the rest of its parks being closed due to the coronavirus pandemic.
Disney could be on track to lose around $1 billion in earnings before interest and taxes each month from its parks being closed due to the coronavirus pandemic.
Visitors wearing face masks take selfies at Shanghai Disney Resort after the coronavirus pandemic on May 11, 2020 in Shanghai, China.Shanghai Disneyland may have been able to reopen, but "We intend to continue doing work to refine this estimate, but we don't have much to go on," Todd Juenger, analyst at Bernstein, wrote in a research note Wednesday. "Disney did not provide nearly as much information as we had hoped with respect to the burn rate of Parks while they are closed, or the economics of opening at reduced capacity."
Meanwhile, Disney is saving on labor costs elsewhere, as its parks employees were furloughed in mid-April and executives took salary reductions.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
These Photos From Shanghai Disneyland's Reopening Show What The Future Of Disney Parks Could Look LikeEars up, masks on.
Weiterlesen »
Disney will increase Shanghai park attendance by 5,000 per week, CEO Bob Chapek saysShanghai Disney reopened Monday, making it the first major theme park to do so since being forced to close by the coronavirus pandemic.
Weiterlesen »
Shanghai Disney theme park reopens with new rulesWATCH: Shanghai Disney theme park reopens amid new rules to prevent coronavirus spread.
Weiterlesen »
Disney raises $11 billion in debt amid coronavirus crisis, as Shanghai park returnsDisney's CEO Bob Chapek says he's 'encouraged' by early ticket sales for Shanghai Disneyland.
Weiterlesen »
Paris salons, Shanghai Disney reopen despite global alarm over second waveGlobal alarm was sounded on Monday over a potential second wave of coronavirus infections, after Germany reported that the disease was again spreading faster just days after the first tentative steps there to ease a lockdown.
Weiterlesen »