The Walt Disney Co. is targeting May 11 to reopen Shanghai Disneyland Park, which for months has been shuttered due to the coronavirus pandemic.
On a Tuesday earnings call, newly appointed CEOBob Chapek gave an update on when he hopes the destinations will once again welcome guests.
Disney estimates the impact on Parks, Experiences and Products segment, hit hard by the global shutdown, is approximately $1 billion due to lost revenue.
Chapek said the company is "evaluating a number of different scenarios to ensure a cautious, sensible and deliberate approach" to reopening parks.
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