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Hong Kong Disneyland To Re-Close Amid Rising COVID-19 Cases

By John F. Heerdink, Jr.

Reportedly, Disney (DIS) is scheduled to re-close its theme park in Hong Kong due to a rise in COVID-19 cases there. Hong Kong Disneyland reopened on June 18 and will now “temporarily” close again on July 15 after Hong Kong reported 52 new COVID-19 cases this week. Hotels at the Hong Kong theme park will continue to remain open.

Disney stated that the park has “put in place enhanced health and safety measures that reflect the guidance of health and government authorities, such as social distancing measures and increased cleaning and sanitization.”

Disney World in Florida reopened on July 11 at significantly reduced capacity and required all visitors to get their temperature taken at the gates and wear a mask inside. However, over the weekend, Florida reported a new single-day record of 15,299 new COVID-19 cases.

Disney’s business has been hit for more than three months as all of its theme parks remain closed globally, all of its cruise lines are halted, all of its Disney retail stores were shut, its cable subsidiaries ABC and ESPN have no live content, and it had to delay the release date of its live-action remake of “Mulan,” first from March 27 to July 24, then to Aug. 21.

Dow 30 Component, The Walt Disney Company (DIS),  and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page. 

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Even as Disney reopens in Florida, it re-closes in Hong Kong in Yahoo Finance)


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