Disney's Hong Kong-based theme park will finally be permitted to reopen this Friday, but Disney's California parks remain closed.
Disney's California-based theme parks remain closed.A locked gate is seen after the Hong Kong Disneyland theme park has been closed, following the coronavirus outbreak in Hong Kong, China January 26, 2020.Hong Kong-based theme park will finally be permitted to reopen this Friday, two months after it was forced to shut down for a second time due to the coronavirus pandemic.
Walt Disney only holds a minority stake in the park, while Hong Kong holds the majority stake. Guests will be required to wear face masks and all indoor live performances will be canceled. Additionally, the park will be closed initially on Tuesdays and Thursdays. Florida allowed Disney World to reopen its theme parks in July, but the company's two parks in California have been closed for more than six months. There were plans for the Anaheim-based locations to open in July as well, but a spike in Covid-19 cases led California to retract guidelines.
Disney's theme parks are part of a broader segment called parks, experiences and consumer products, which also includes its hotels, cruise lines and merchandise. Last year, this segment accounted for 37% of the company's $69.6 billion in total revenue.
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