During their quarterly earnings call, the Walt Disney Company provided some insight into how the COVID-19 (coronavirus) pandemic is impacting the company. In addition to productions being halted and release dates shifting, the company projects losses of over $1 billion, due largely to theme parks closing around the world.
The company is currently deciding how it will move forward once the pandemic comes to an end. Already, a reopening date for Shanghai Disneyland has been set for May 11, providing a light at the end of the tunnel for at least one of the 6 global theme parks.. What’s less clear is when film productions–including upcoming Marvel Cinematic Universe movies–will resume.
When asked by a shareholder when big-budget films like the Marvel movies could safely resume filming, Disney CEO Bob Chapek admitted there are “no projections of exactly when we can do that.”