Earnings

Coronavirus hurt theme parks, costing Disney $2.6 billion

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An employee cleans the grounds behind the closed gates of Disneyland Park on the first day of the closure of Disneyland and Disney California Adventure theme parks, in Anaheim, California, on March 14, 2020.

DAVID MCNEW | AFP | Getty Images

Disney took another financial hit during its fiscal first-quarter, as restrictions on attendance at its open theme parks and the continued closure of its California parks weighed heavy on its bottom line.

There’s currently no timeline for the reopening of Disneyland, as the state of California has said it will not permit theme parks to reopen until coronavirus cases have fallen substantially in the surrounding community. Although the 7-day average of…



Source cnbc.com

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