It's not a question of whether they'll continue to make money. It's a question of whether they'll take in enough to remain operational. Ticket prices at the parks are already through the roof, and they were already slashing entertainment there to save money. There are no new movies right now. They need to maintain $12-13 BILLION dollars just to break even. They probably won't see half of that this year. Even for a company as big as Disney, that's unsustainable.
They won't fail, but they're going to have to sell off some major properties. Maybe even hand the keys to some of the parks to different entities, along the lines of DisneySea.
Didn't they have to close all their parks for MONTHS due to the Chinese virus too? On top of that they just spent a huge sum making new starwars lands at both parks but nobody likes starwars anymore because they pozzed it with SJW-isms. So starwars which they paid a huge sum for was already forever ruined before the whole Chinese virus shutdown.
That is why the FED now buys corporate bonds. If a company like Disney needs money the FED will print it, Disney will print some bonds and they trade. They are not going to go out of business. That does not mean they can not be taught a lesson.
It's not a question of whether they'll continue to make money. It's a question of whether they'll take in enough to remain operational. Ticket prices at the parks are already through the roof, and they were already slashing entertainment there to save money. There are no new movies right now. They need to maintain $12-13 BILLION dollars just to break even. They probably won't see half of that this year. Even for a company as big as Disney, that's unsustainable.
They won't fail, but they're going to have to sell off some major properties. Maybe even hand the keys to some of the parks to different entities, along the lines of DisneySea.
A titan is about to fall.
Didn't they have to close all their parks for MONTHS due to the Chinese virus too? On top of that they just spent a huge sum making new starwars lands at both parks but nobody likes starwars anymore because they pozzed it with SJW-isms. So starwars which they paid a huge sum for was already forever ruined before the whole Chinese virus shutdown.
They're counting on China to keep them afloat.
That is why the FED now buys corporate bonds. If a company like Disney needs money the FED will print it, Disney will print some bonds and they trade. They are not going to go out of business. That does not mean they can not be taught a lesson.