How Disney Is Losing $481 Million From the Coronavirus

Walt Disney (NYSE: DIS) is losing nearly half a billion dollars in ad revenue and earnings after the National Basketball Association canceled its season because of the coronavirus outbreak.

The basketball league made the decision to cancel the season after Utah Jazz player Rudy Gobert tested positive for COVID-19. A message on the NBA's website says:

The NBA has temporarily suspended the 2019-20 season in response to the coronavirus pandemic. That decision was made to safeguard the health and well-being of NBA fans, players, team and arena personnel, media members and the general public. The league intends to resume the season, pending further developments related to the pandemic.

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Source Fool.com