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Disney theme parks are expected to reopen in June 2020

admin 2020.04.12 09:12 Views : 150

Disney theme parks are expected to reopen in June following an extended coronavirus shutdown that could have a lingering impact on attendance through 2021, according to a new analysts report.

An analysts report from J.P.Morgan estimates that the shuttering of all 12 Disney resorts around the globe amid the COVID-19 pandemic could cost the Disney Parks, Experiences and Products division $5 billion in lost revenue in fiscal year 2020.

“Near-term, COVID-19 concerns impact several segments of the business with the Parks most exposed given the potential for a large profit hit if domestic parks see a meaningful drop in attendance or if the parks close for a prolonged period given the high fixed costs structure of the business,” according to the J.P.Morgan analyst report.

 

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