How coronavirus impacts media companies: Disney, Netflix - Business Insider

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How the coronavirus pandemic is impacting the media business, from theme park closures at Disney to production halts at Netflix

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.

 

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Disney Analyst Cuts Earnings Estimates on CoronavirusNeedham analyst Laura Martin lowered her second-quarter 2020 Disney revenue estimate by 7.6 percent to $19.7 billion and her earnings per share estimate by 14 percent to $1.20 lol Disney are the very last people we need worry about. Disney, amazon, apple....fck em. Damn. They gonna survive?
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