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Disney Losing An Estimated $20 Million A Day With The U.S. Parks Being Shut Down

It has been nearly a week since Disney decided to close both Disneyland and Walt Disney World due to the rapid coronavirus outbreak. The closure is reportedly losing the storied company $20-$30 Million a day.

The closure of the parks and hotels was expected until the end of the month, and then the company would decide to continue the closure or slowly reopen. However, with Disney letting go of all it’s Disney College program cast members on Friday that is a sign to us that the closure may last through April, though that has yet to be confirmed and probably won’t be confirmed until the last week of March.

Read: Disney Suspends College Program; Cast Members Sent Home

Disney parks overseas including Tokyo, Shanghai, Hong Kong, and Paris all remain closed, with Shanghai Disney Resort slowly opening shopping and restaurants. Disney Cruise Lines and Disney Stores all remain closed at this time.

Disney has also taken a hit on the film and tv side as multiple films and series have halted production including The Little Mermaid, Peter Pan and Wendy, Shrunk, Shang-Chi and the Legend of the Ten Rings, The Last Duel, The Falcon and the Winter Solider, WandaVision, Loki, amongst others. Disney has also delayed the release of some big upcoming blockbusters including Mulan, Black Widow, The New Mutants, and Antlers, all have yet to receive new release dates and likely won’t until everything regarding the coronavirus has been figured out.

Source: Variety

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Disney Parks and Resorts

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