food IS a theme park
When Bob Iger suddenly announced he was stepping down from Disney’s Chief Executive Officer, the news came as a surprise to many.
Bob Iger
It’s true that we already knew Iger had plans to retire in 2021, but why was he calling it quits so early?
The Walt Disney Company is massive, spanning across multiple industries and lines of business, from theme parks to motion pictures to home entertainment. In the past couple of weeks, the global health situation has caused Disney to make tough decisions that will surely have an effect on its bottom line in the coming fiscal year.
Bob Chapek at the Hollywood Studios Galaxy’s Edge opening ©Walt Disney Company
The Walt Disney Company currently has four primary business segments: Studio Entertainment, Media Networks, Direct-to-Consumer & International, and Parks, Experiences & Products. And most of them are completely under fire right now.
As all the Disney Parks around the world closed in the past couple of months, it became obvious that the Walt Disney Company was in for a serious financial blow to their bottom line.
Disney California Adventure Main Entrance – Closed due to Coronavirus
The truth is, when it comes to figuring out how much these closures will cost Disney, we can’t calculate an exact dollar amount. In reality, we probably won’t learn about any real numbers until Disney releases their quarterly reports and their subsequent Fiscal Year 2020 Annual Financial Report.
Bob Iger presenting a model of Shanghai Disneyland
In the meantime, however, we can look to previous years’ reports and come to the conclusion that, to no one’s surprise, Disney stands to lose A TON of money by closing the parks.
For the first time, all of the Disney Parks are closed along with other locations like Disney’s Aulani Resort and Disney’s Vero Beach and Hilton Head Resorts.
Disneyland Main Entrance
International Parks like Shanghai, Tokyo, and Hong Kong all closed back in January. And slowly but surely, select locations in these areas are starting to reopen. So let’s check out what has reopened on the Disney Properties so far.
There’s lots of uncertainty over exactly when Disney World will reopen following its historic closure last week.
Mickey and Minnie in Disney World
As of this writing, both Disney World and Disneyland announced that their parks would be closed through the end of the month, implying that the parks could reopen on April 1, 2020.
©Disney
However, due to the continuing headlines about government-mandated closures of public institutions like restaurants and bars, bans on gatherings, and strong recommendations of social distancing, questions are being raised over whether the parks really will open on April 1st.
©Disney
While we don’t have the definitive answer, we can look to the closure timeline of Disney’s parks both domestic and worldwide. There may be some clues!
Earlier today we shared that Disneyland would temporarily close through the end of the month due to Coronavirus concerns.
Disneyland Paris
Now we have found out that more parks are following suit.
This post was last updated on: December 26th, 2023
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Is Disney World Safe, and Should YOU Go?
We know many of you have been following the news concerning the coronavirus outbreak very closely. Some people have travel plans already booked or are wondering when they should start planning a California or Florida vacation.
Cinderella Castle
We’ve been contacted by numerous readers who are deeply concerned about Disney World and Disneyland and how they’re responding to recent events.
Today, we’re sharing what we currently know about COVID-19 and the Disney parks in the hopes that this information will help our readers. This post will be updated regularly as we get more information.
We love meeting Disney and Pixar characters and having them sign our autograph books!
©Walt Disney Studios
And with Disney and Pixar’s new movie Onward coming to theaters on March 6th, we’ve just found out two of the film’s stars will be meeting at a few of the Disney parks!
We’ve been hard at work in the parks scoping out all the latest news for you! First, a few things to remember…
Chocolate Strawberry Ice Cream Sandwich
We have a lot to share with you this week, so let’s jump right in…
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
Disney held their first quarter earning’s call yesterday and they revealed some more information on when both parks are expected to re-open.
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