In: Economics
Walt Disney saw a major sell-off in its stock in 2020. With almost all major cities being locked down due to the spread of coronavirus, there has been a slowdown in economic and industrial activity. This has adversely affected the company’s parks and resorts segment which has virtually seen a complete shut down. Additionally, lower spending power is also expected to lead to a drop in the company’s traditional media business and advertising income. With film shooting and releases being halted, the company’s studio business is expected to be adversely affected, with the acquisition of Fox not proving to be beneficial in the first half of 2020.
FURTHER STEPS:
1.WALT disney may open for current ticket booking with excited offers , so that people buy ticket or boucher for a future date
2.with the profit collected it can assure to provide the people with proper healthcare and facilitiies and proper distatncing
3.the cost of shut down is much more then opertaing at low profit, hence it should continue to operate.