Disneyland takes a Hit with Theme Parks and a Win with TV
For more than 60 years, the “Happiest Place on Earth” has grown and evolved with the times but has managed to hold on to the magic that beckons people of all ages to visit, and dream of visiting, year after year however they have closed their doors for the general public and are only operating private tours for the first time in it’s history and it is hurting their Income.
With theme parks and retail stores closed, cruises suspended, and movie theaters shuttered, the media and entertainment giant from Burbank, California has been hit on multiple fronts.
Taking all these adverse effects into account, Disney estimates the impact of COVID-19 to bore the lion’s share ($1.0 billion). As bad as this sounds, things might get significantly worse for Disney before they get better. The results only include few weeks affected by the global lockdown, whereas the ongoing quarter will be hit with the full force of crisis.
Fans of the park will tell you there’s just something about it—something special about Disneyland.
Upon entering the gates of the park, visitors pass through a tunnel and under the famous plaque that reads:
HERE YOU LEAVE TODAY
AND ENTER THE WORLD
OF YESTERDAY, TOMORROW
For this reason Disney will bounce back in the long term.
While Disney can not be enjoyed in person, it seems that their Disney+ livestream channel is doing considerably better.
As people have been forced to stay at home, this left parents with cabin fever kids, desperate for entertainment and this is the reason subscriber growth has really taken off Disney+ , the Netflix competitor already has 54.5 million paid subscribers in Australia , alongside other countries including Austria, Canada, Channel Islands, France, Germany, India, Ireland, Isle of Man, Italy, Monaco, Netherlands, New Zealand, Puerto Rico, Spain, Switzerland, United Kingdom, and the United States where Disney+ is also available
Television can be an escape where timeless characters meet the heroes of today, from Mickey Mouse to Iron Man, Snow White to Moana, Luke Skywalker to Thor – there’s something for everyone.
Your 3+-year-old with love to drive around in these little cars
Entertainment anytime, anywhere.
Children and parents can watch an unprecedented collection of the world’s most beloved movies and TV series , so sit back and relax and share in your very own little piece of Disney all from the comfort of your own home.