Closed Disney Parks Hurting Disney Earnings

2020-05-13 3

The Walt Disney Co. has announced it will close its theme parks in California and Florida and its resort in Paris.
The decision is in response to the deadly coronavirus pandemic that is ripping across the globe.
According to Reuters, the closures go into effect this weekend and last through the end of the month.
The company’s theme parks in Hong Kong, Shanghai and Tokyo remain closed after being shuttered earlier this year.
As of Thursday, 198 coronavirus cases have been documented in California, including four deaths.
Florida has seen 42 confirmed cases of COVID-19 or coronavirus, including 2 deaths.

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