Disney says coronavirus has made it hard to predict future performance

Disney character Mickey Mouse is seen earlier mentioned the entrance at Disneyland Paris for the duration of the 25th anniversary of the park, in Marne-la-Vallee, in close proximity to Paris, France.

Benoit Tessier | Reuters

Disney is warning investors that the coronavirus pandemic has influenced so lots of of its enterprise segments that it really is turning into more tough for the firm to estimate its upcoming functionality.

“We have closed our concept parks suspended our cruises and theatrical demonstrates delayed theatrical distribution of films both domestically and internationally and expert offer chain disruption and advert product sales impacts,” the enterprise mentioned in a submitting with the Securities and Trade Commission Thursday. 

“In addition there has been a disruption in generation and availability of articles we rely on for our numerous distribution paths, which include most drastically the cancellation of specified athletics functions and the shutting down of creation of most film and television material,” the corporation mentioned.

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