Disney is probably one of the companies who took the largest damages from the implications of the COVID-19 and its eventual result of lockdown measures, as its multimedia empire of Disneylands and Disney World has been out of order since early March.
Ironically having its best year just the year before in 2019, with “Avengers: Endgame” and the Star Wars-themed addition to its theme parks – and now it has all grounded to a stop. Executive chairman Bob Iger and CEO Bob Chapek are deciding the pathway to their exit plant from this crisis. And investors and employees alike are wondering if the multi-billionaire media empire can survive the current crisis and manage to resuscitate itself after the pandemic ends in a distant future.
“What everyone’s worrying about is that we don’t know when things are going to get back to normal.point 99 | We also don’t know whether behaviors change in the future,” Michael Nathanson, a media analyst and founding partner at MoffettNathanson, said in a media interview, “Will people be reluctant to go to parks? Will people want to sit in the theater next to strangers for fear of catching the virus? That’s what the market is wrestling with when it comes to Disney With the businesses unable to operate, Disney is just going to get decimated in 2020 on free cash flow and profitability.point 522 |
It has gone from great to good to bad to worse.point 37 | ”point 44 | 1
Some experts noted that Disney is an “incredibly diversified media company, [and that will prove to be] an advantage in times of crisis, as it affords stability and limits overall exposure.point 321 |
But COVID-19 is hitting nearly every element of Disney,” he added.point 62 | “The only exception is really its streaming services, Hulu and Disney+, but neither is profitable yet.point 155 | ”point 162 | 1
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Pop culture just doesn’t evaporate out of demand, and Disney spans a lifetime of influence over multiple generations with assets and consumer loyalty hitting a level unparalleled in the industry.point 175 | But as its size was was huge enough, so will the damages be, and the recovery effort to garner what has been will be much of a struggle unto itself.point 294 |
“If things came back to normal, Disney’s rise would likely be equal to its fall,” Nathanson said.point 101 | “But people just don’t know when that’s coming.point 159 | ”point 166 | 1
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