With Revenue Uncertainty, Can Disney Handle COVID-19?
Neil Macker, Senior Analyst, Morningstar Research Services
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With a new Covid-19 outbreak in the Hong Kong, Hong Kong Disneyland has had to close again after a month as social distancing measures return. On the flip side, Walt Disney World’s Magic Kingdom and Animal Kingdom reopened in Florida despite the state reporting more than 15,000 cases last Saturday.
Keeping in mind that the crisis has already cost Walt Disney $1.4 billion in lost profits in the last quarter, how will Disney weather the Covid-19 pandemic?
We also get into Disney's competition with Netflix, and whether Disney+ will be enough to offset the damage done by Covid-19.
Produced by: Lyn Mak
Presented by: Roshan Kanesan, Lyn Mak, Noelle Lim
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