Tokyo Disneyland to close through mid-March on coronavirus concerns

The Walt Disney Co. characters Mickey Mouse, entrance left, and Minnie Mouse execute in entrance of the Cinderella Castle throughout an occasion named ‘Disney Natsu Matsuri’ at Tokyo Disneyland, operated by Oriental Land Co., in Urayasu, Chiba Prefecture, Japan

Tomhiro Ohsumi | Bloomberg | Getty Visuals

Tokyo Disneyland will be closed from Saturday to March 15 owing to concerns about coronavirus infections spreading in Japan, its operator said on Friday, leaving all of Walt Disney’s concept parks in Asia temporarily shut.

Both of those Tokyo Disneyland and DisneySea will be closed immediately after a governing administration suggestion that massive gatherings and situations be curtailed for two months, park operator Oriental Land Co. stated.

“We program to reopen on March 16, but we will make an announcement just after retaining shut get hold of with applicable establishments,” Oriental Land said on its web page, incorporating that it would inform ticket holders of refund insurance policies.

Osaka-dependent concept park Common Studios Japan also stated it was closing down all through the exact period.

The announcements also come a working day just after Key Minister Shinzo Abe identified as for all schools to be closed down right until the new tutorial yr starts off in early April.

Oriental Land shares closed up .66% on Friday, with buyers possessing priced in the closures currently soon after a slide of above 17 % considering that the commence of the calendar year.

Disney’s Shanghai and Hong Kong concept parks continue to be shut for much more than a month, and the enterprise earlier this thirty day period warned of a negative effect on its next-quarter success.

It mentioned on an earnings connect with on Feb. 5 that closure of the Shanghai park could effects running income by about $135 million if closed for 2 months.

Discosure: Comcast’s NBCUniversal is mother or father of¬†Universal Studios Japan and CNBC.

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