Should Disney Have Closed Its Parks Sooner?
Disney's (NYSE: DIS) domestic theme parks have been closed since last weekend, and it feels like an eternity. It may be a mere coincidence that Wall Street would suffer its worst week of trading since 2008, but the closing of Disney World and Disneyland, in at least a small way, made COVID-19 a reality across the country. The world's two most popular theme park resorts that have never closed down for more than a day or two are now closed for weeks, if not months.
Disneyland's shutdown at the end of operations last Saturday, with Disney World following suit a day later, is an unprecedented event. But once Disney set the tone, smaller rivals quickly followed suit. The eventual reopening will be toasted across the country as a sign of returning to normality. However, one has to wonder, now that there's at least one coronavirus death tied to someone who reportedly visited Disney World earlier this month, if the media giant should've closed its gated attractions sooner.
Image source: Disney.
Source Fool.com
