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Disney kingdom takes on Covid-19 crisis

2020-05-06T18:03:31.248Z


The entertainment giant saw its operating profit plummet 37% to $ 2.4 billion.


Against the coronavirus epidemic, the magic of Disney could not do anything. The closure of cinemas has forced the global entertainment giant to delay the release of its blockbusters like Mulan, Black Widow or Soul. Its amusement parks, which usually welcome millions of visitors, are stopped. Its cruise ships remain at the quay and its stores display closed doors. The "Enchanted Kingdom" has done its calculations. The negative impact of the health and economic crisis on its activities already amounts to $ 1.4 billion, including $ 1 billion related to amusement parks and cruises alone, said the firm when communicating the quarterly results. of his offbeat exercise.

This is the whole problem, which makes the equation to be solved for Disney highly complex. The firm is today deprived of its main cash machines. Theme parks, along with stores, account for almost a third of its revenues. Between January and March 2020, out of the 18

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Source: lefigaro

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