as Oct. 3, the end of the company's fiscal year. Disney said it would forego its January dividend payment but still expects to pay the dividend in the future.
While the majority of Disney's theme parks were open during the quarter, the continued closure of Disneyland in California At its parks, experiences and products division, Disney said the Covid-19 outbreak cost around $2.4 billion in lost operating income and led to a 61% drop in sales.Brittany Losey takes a picture with her daughter Madison Losey, 7, outside the entrance to Disneyland at the Disneyland Resort is closed in Anaheim, CA, on Thursday, October 22, 2020.Theme parks in California will remain shuttered
well into 2021, as state guidelines prohibit reopening until coronavirus cases fall below one per 100,000 in the county where they are located. Currently Orange County, where Disneyland's two California parks are located, is seeing 5.6 cases per 100,000 people. Los Angeles County, where-owned Universal Studios is located, is seeing 11.5 cases per 100,000 residents. After Texas earlier this week, California on Thursday became the second U.S. state to top 1 million total coronavirus cases.
Fake news
Becky is soo right, but at the end of the day the Democrats played politics with the American people before the election, now you can't blame Trump anymore. Don't let a good crisis go to waste right guys?