and its Paris theme park had to shut down again after France imposed another nationwide lockdown. Even though Disneyland Paris’ shutdown occurred the impact will likely weigh on any guidance the company provides.revenue in the Parks, Experiences and Products segment tanked 85% from the year-ago period to below $1 billion, and it swung to an operating loss of $1.96 billion compared to $1.7 billion profit in the same quarter last year.
While it’s no secret that COVID had a very unfavorable impact on Disney’s legacy businesses, it also positively impacted the company when it comes to streaming. COVID and stay-at-home orders sped up
This should cheer those 80,000+ employees that were fired so that the top execs could retain their full salaries.
I want to join disney family