The sun sets against the Le Château de la Belle au Bois from Disneyland Paris.
Kent German / CNET
Disney said it will reopen its Chinese amusement park Shanghai Disney on Monday, May 11, the company said on Tuesday when it reported its financial performance in the first three months of the year. The reopening dates of other parks are still unclear, said Disney’s new CEO Bob Chapek.
“Although it is too early to predict when we can resume all of our activities, we are evaluating a number of different scenarios to ensure a prudent, sensible, and conscious approach to the eventual reopening of our parks,” he said.
For Shanghai Disney, the company announced that the reopening will be phased, with attendance restrictions being limited through an expanded reservation and access system to control guest presence and maintain social detachment and other preventive health measures. This includes the use of masks, temperature tests, and other contact tracking and early detection systems, Chapek said.
DisneyThe theme parks have been closed indefinitely to prevent the novel from spreading Corona virus and the respiratory disease that causes it, COVID-19. However, Disney’s parks, cruises, and resorts are vital to the company’s health. Fans enjoy chasing the box office records from which Disney’s films with blockbusters from shattering wonder, war of stars or Pixar, but Disney’s park department is much bigger, dollar for dollar. Disney’s sales of parks, products, and experiences more than doubled over Disney’s studios in the past fiscal year.
In other words, movies are at the heart of Disney’s business, but the company will bleed out faster due to park closures.
For the first three months of the year, Disney estimated that COVID-19 closures and other coronavirus outages cost the parking department $ 1 in lost operating profit. Overall, the company missed approximately $ 1.4 billion in the second quarter of the fiscal year due to the pandemic.
Disney’s theme parks in Shanghai and Hong Kong have been closed since January, the Tokyo park closed in February, and the US and Paris parks closed in mid-March.
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