Finally, Some Good News for Disney
The coronavirus pandemic is hurting many businesses around the world. The outbreak especially affects Walt Disney (NYSE: DIS) due to the physical nature of its operations: Cruises, theme parks, and movie theaters rely on bringing together large groups of people. Because of this, the company is experiencing significant decreases in revenue from those operations.
Even though some of its theme parks have reopened, the customer response has not been as enthusiastic as the company was expecting. Additionally, Disney delayed the release of the potential blockbuster film Mulan several times, before eventually deciding to make the movie available directly to its streaming subscribers on Disney+ for a fee. Overall, the restarts of operations that were shut down are not going as well as expected. However, there was one exception, finally providing some good news.
The NBA playoffs started Aug. 17. Image source: Getty images.
Source Fool.com
