Bob Chapek, who became Disney’s chief executive in February just as the novel coronavirus was spreading around the globe, said Disney would reopen the Shanghai park on May 11.
far below
The Chinese government has asked Disney to cap attendance at 30% of capacity, or roughly 24,000 people, Chapek said. Disney will restart operations with “far below” that number for a few weeks while it adjusts to new safeguards including social distancing, masks, and temperature screenings, he said.
Disney’s global portfolio
In late January, the coronavirus started battering businesses across Disney’s global portfolio when the company shuttered Shanghai Disney Resort and Hong Kong Disneyland.
COVID-19 impacts
“In total, we estimate that the COVID-19 impacts on our current quarter income from continuing operations before income taxes across all of our businesses was as much as $1.4 billion,” Disney said, adding that $1 billion of that came from losses at theme parks.
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