Media companies, along with the rest of the economy, are being strained by the coronavirus pandemic.
Business Insider breaks down the biggest impact to media businesses so far, including the closures of Disney's parks around the world and the companies most threatened by the spread of the virus.TV and film productions are being put on hold, major sporting events are being canceled or postponed, and theme parks are closing their gates as businesses and governments try to slow the spread of the coronavirus globally.
Wall Street firm UBS forecasted earlier this week that Disney was the media company most threatened by the spread of coronavirus, followed by Discovery, Fox, ViacomCBS, and AMC Networks.is already being tested as a leader. The company is being forced to temporarily shutter its parks globally and push theatrical releases and productions. UBS estimated Disney could lose more than $2 billion in revenue if its parks close for 30 days.
The company's cable networks, including ESPN, could also be hurt by the canceled sporting events, though analysts say it's too soon to estimate how much.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: THR - 🏆 411. / 53 Read more »