Disney's theme parks set to start phased reopening this weekend
Park begins phased reopening on Saturday.
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Staff or Guest writer for The Dog of Wall Street.
2020-07-10 19:25

Disney World begins phased reopening despite spike of coronavirus cases. Florida saw its largest one-day spike in virus-related hospitalizations on Friday. Employees called to delay the reopening, however, the company is still going forward. It is important to note that the park will reopen without 750 performers. The union representing the performers, filed a grievance against the company, alleging retaliation against members over a union demand that they be tested for COVID-19.

Disney’s Parks, Experiences and Consumer Products segment was its fastest-growing profit driver last year. It seems that Disney is choosing profit over safety. The pandemic has impacted the company greatly, and they feel it is essential to start re-opening. Disney's stock is down over 15% year to date.


Disclaimer: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

Published On
2020-07-10 19:25

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About the Author
Staff or Guest writer for The Dog of Wall Street.

DIS
Analyst Ratings
Target Price $206.16
# of Analysts 25
Last updated 2021-04-10


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