Disney Expects Coronavirus to Deal Theme Parks $175M Blow

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Disney Expects Coronavirus to Deal Theme Parks $175M Blow
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  • 📰 Variety
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The spread of coronavirus in China could deal a blow to the operations of Disney’s theme parks in Hong Kong and Shanghai. Speaking during a call with investors Tuesday, Walt Disney executives…

The spread of coronavirus in China could deal a blow to the operations of Disney’s theme parks in Hong Kong and Shanghai. Speaking during a call with investors Tuesday, Walt Disney executives said they expected the virus to result to affect $135 million in second-quarter operating income if its Shanghai Disneyland resort is closed for [...]John Travolta is returning to TV for the first time since his turn as Robert Shapiro in “American Crime Story.

Disney Plus’ “Star Wars” original spinoff series “The Mandalorian” is returning for Season 2 in October, said Disney chief Bob Iger on the company’s earnings call Tuesday. Marvel’s “The Falcon and the Winter Soldier” will premiere in August, while “WandaVision” will make its debut on the streaming service in December. Iger also floated the possibility [...]Showtime has canceled the drama series “Ray Donovan” after seven seasons.

Disney is getting the year off to a strong start, beating Wall Street’s expectations for the quarter that encompassed the company’s giant leap into the new era of direct-to-consumer business operations. Disney Plus delivered an impressive 26.5 million subscribers, starting from Nov. 12 through year’s end. The Mouse’s earnings per share and revenue numbers for [...]NBCUniversal and its affiliates have been trying to resolve an early argument about new plans for its late-night lineup.

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