Disney Could Lose $500 Million-Plus From Closure of Theme Parks

Disney’s parks and experiences division is its largest revenue and profit generator

Disney’s decision on Thursday to close its theme parks and resorts in California, Florida and Paris — coming weeks after the coronavirus shuttered its parks in Hong Kong, Shanghai and Tokyo — will cost the Magic Kingdom hundreds of millions of dollars, experts told TheWrap. Still, the exact toll on the media giant remains unclear.

Lightshed media analyst Rich Greenfield, who’s often been an outspoken critic of Disney, estimated that Disney could lose, on average, $35 million each day from its six theme parks — and that’s not counting losses from Disney experiences and cruise lines, which have also been halted by the threat of the pandemic.

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Trey Williams

Trey Williams

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