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.
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