Today has certainly been full of Disney surprises!
We’re coming to the end of a financially unprecedented year for the Walt Disney Company.
We’ve been looking forward to the upcoming investor day since the Q4 and Fiscal 2020 Earnings Call last month. The company has lost billions of dollars due to the global health crisis and now, they’ll be explaining their plans for the financial future to investors. But what can we expect?
We’ve had our suspicions that the Disney Cruise Line will take a long time to be sailing again.
Despite the fact that a few Disney Cruise ships have been cleared for commercial travel, the cruise sector still seems to have a while before it returns. Sailings have been canceled as far out as December and now, Disney has confirmed the effect that the global health crisis has had on its cruise division.
Last week, Disney participated in a virtual conference and gave some insight about the future of the Disney resorts, cruise line, Disney+, and more.
Check out what one Disney executive had to say about what Disney Parks projects will be moving forward with construction in the parks.
Disney+ has been a big piece of Disney’s business over the past year, especially with the global health crisis shutting down other divisions.
With a library full of iconic Disney flicks and original content available now and on the horizon, it’s no wonder that Disney+ has seen significant success since its initial launch last year. With things going so well for the streaming service, could we see a price increase in the future? Let’s take a look.
Disney has been pretty tight-lipped when it comes to how they’ve been dealing with their financial stability during these uncertain times.
Due to the ongoing global health crisis causing disruption to almost every segment of the Walt Disney Company, their unique situation could be seen by the casual observer as precarious at best.
The Walt Disney Company held an earnings call today to discuss the results of its second fiscal quarter of 2020.
In addition to addressing the financial effects of the temporary closure, Disney’s CEO, Bob Chapek, made several key announcements. Shanghai Disneyland will be officially re-opening May 11th and we finally know some of the safety measures Disney parks will be implementing when they re-open. But let’s take a look at what the Walt Disney Company had to say about their current finances as they work towards re-opening!
Earlier today, Disney executives spoke out on their financial status amidst the closures and answered questions regarding the future of the company.
CEO Bob Chapek and CFO Christine McCarthy announced Shanghai Disneyland will open later this month, but when asked about when Disney’s other experiences (like cruises) will resume, they were much less certain.
With the coronavirus outbreak, Disney is taking extra precautions to ensure the safety and health of their guests and Cast Members. In response to the public health crisis in China, Shanghai Disneyland and Hong Kong Disneyland were both closed indefinitely.
Disney held their first quarter earning’s call yesterday and they revealed some more information on when both parks are expected to re-open.