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Disney Has Been Pummeled By The Pandemic
Its theme parks are closed, its cruise ships are empty, and no one is watching its movies.
Wall Street expected Disney’s earnings to be bad. But not this bad.
The coronavirus has cost the Burbank-based entertainment giant $1.4 billion, Disney executives said on an earnings call Tuesday.
HOW BAD IS IT? READ THE FULL STORY:
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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Senior Vice President News, Editor in Chief
