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Tokyo Disneyland Announces Two Week Closure Over Coronavirus Concerns

By John F. Heerdink, Jr.

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.

Reportedly, Tokyo Disneyland is scheduled to remain closed from Feb 29 to March 15 due to the growing concerns over the Coronavirus spreading in Japan. Both Disneyland and DisneySea announced the temporary shutdown for two weeks on the government’s advice to avoid big gatherings and events in order to prevent any further spread of the virus, said park operator Oriental Land Co Ltd.

“We plan to reopen on March 16, but we will make an announcement after keeping close contact with relevant institutions,” Oriental Land stated on its website.

Osaka-based theme park Universal Studios Japan also announced closure during the same period.

Disney’s Shanghai and Hong Kong theme parks have remained closed for more than a month, and the company expects a negative impact on its second-quarter results that could impact the profit by about $135 million if closed for 2 months.

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: Tokyo Disneyland to close through mid-March on coronavirus concerns in Reuters)


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