Disney is one of the most prominent names in theme parks, resorts, and entertainment that generates annual revenue of billions of dollars each year. But, the lockdowns due to coronavirus have adversely affected the company. The company itself told that their theme parks were closed for almost a quarter year and reopened for a very limited number of people who couldn’t gather as much revenue as expected.
Disney calculated the Covid-109 effect on its operating profit for the year 2020 at $7.4 billion, whereas the experiences, parks, and products at $6.9 billion. However, Disney+ has gained some popularity as people stayed in their homes due to the lockdown and had nothing to do. Disney+ has hit 73 million paid subscribers in less than 12 months since the launch.
The infographic attached below shows the graphical statistics of how Covid-19 has impacted Walt Disney’s annual revenue this year.
Infographic by: Statista.com