With COVID-19 concerns and many CDC guidelines still present, the Walt Disney World theme parks continue to operate at limited capacity. Currently, due to the six-foot rule between separate parties, Disney’s CEO, Bob Chapek, explains that 25% capacity is the maximum amount of guests to allow for social distancing throughout the parks.
Disney CEO says theme parks operating at 25% capacity. Says reorganization of its media and entertainment businesses may result in more layoffs.@CNBC
— Danielle DiMartino Booth (@DiMartinoBooth) October 12, 2020
Additionally, The Walt Disney Company announced a reorganization of the Company’s media and entertainment businesses. This restructure is aimed to continue successful direct-to-consumer business, after the amazing launch and sales of Disney+, the Company’s streaming service. According to CNBC, “Disney is reorganizing its media and entertainment business by creating a new division that will separate the content creation and distribution process.” The restructuring could, however, result in more layoffs within The Walt Disney Company.
Disney has set Dec. 10 as Virtual Investor Day, where it will present further details of its direct-to-consumer strategies, and we will learn more about the Company’s restructure.
Check back here on Chip & Co. for the latest theme park and entertainment news updates!
Sources: Walt Disney World Company, CNBC, & Twitter (@DiMartinoBooth).
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