It would seem that the Walt Disney Company won’t be reopening the gates of Disneyland any time soon.
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During a call with analysts on Thursday, Disney CEO Bob Chapek talked about the status of the Disneyland resort in Anaheim, California, and said it is expected to remain closed through the end of the company’s fiscal first quarter. Disney’s first quarter comes to an end on Dec. 31, 2020.
“We are extremely disappointed that the state of California continues to keep Disneyland closed despite our proven track record,” said Chapek.
Disneyland closed in mid-March as coronavirus cases were irising in California. Walt Disney World – located in Orlando, Florida – is increasing its capacity on the other hand from 25% to 35% in the coming days.
The Disney theme parks division of the company lost around $2.6B in the last quarter due to the coronavirus. While the parks may not have been faring well, the Disney Plus streaming service was exploding in subscribers. The service has passed 73M subscribers in its first 12 months, a number its earliest projected for its fifth year of operation.
With increasing coronavirus numbers around the world, it’s unclear when the theme park industry may return to normal, but it feels as though it won’t be any time soon.
