Disney World Reopening Falls Short as Parks Business Takes $3.5 Billion Hit

Disney said reopening the Orlando park didn’t generate the revenue it expected

The reopening of Disney World, which kicked off last month amid a rush of excitement and a wave of criticism, has not boosted Disney’s bottom line.

Disney reopened the Orlando, Florida theme park-resort on July 11 under the belief that doing so would help ease the fiscal hit caused by the shutdowns of movie theaters and other revenue streams as a result of the coronavirus pandemic. Unfortunately, as Disney Chief Financial Officer Christine McCarthy said during the company’s quarterly conference call with Wall Street analysts on Tuesday, earnings from reopening Disney World fell well short of expectations.

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Trey Williams

Film Reporter covering the biz • trey.williams@thewrap.com • Twitter: @trey3williams