Jill Goldsmith Co-Business EditorWalt Disney CEO Bob Chapek blasted California Governor Gavin Newsom on keeping Disneyland closed despite the conglom’s proven ability to open parks safely and reopening support by unions representing nearly 100% of workers.Chief financial officer Christin McCarthy said the company anticipates Disneyland will remain closed at least through the fiscal quarter — which ends Dec.
31.On a conference call to discuss the media giant’s fiscal fourth quarter earnings, Chapek said the California decision is “decimating” small businesses in the local economy.
The impact on Disney is brutal. Parks revenue plunged 61% for the three months ended in September and the company took a $2.4 billion hit to the division.
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