Disney’s
Show Won’t Go On Soon
May 5, 2020
7:27 pm ET
By Dan Gallagher
This article was regarding Disney’s stock prices fall since
the pandemic. Disney hasn’t seen this type of fall in the last 10 years ago. So
far Walt Disney Co. is down -2.05%, when quarter ended March 28, 2020. Disney’s
theme park that closed their doors in mid-March wasn’t the only sector affected
by the pandemic. Disney also felt the affects with 21st Century Fox
and Pixar. However, there is one sector that hasn’t been as affected and that
is their Disney+ streaming service. Overall due to the recent pandemic Disney
has estimated to have lost about $1.4 million. Historically Disney has been
through many economic declines including a world war. Which leads people to
believe they will bounce back quickly. However, other believe that this
pandemic will continue to hurt many companies and not just for the interim but
for months to come.
The reason I choose this article is because it’s the iconic
Disney. The most visited place in the world is facing economic discord. It’s
unfortunate, and I have heard they will be doing layoffs too. They are a huge U.S.
employer and this will hurt the economy more. I hope for people’s sake they
will be able to recuperate quickly. For a marketing stand point, they are going
to have to develop a new marketing strategy. Disney is not known for giving
specials or for discounts other than their norms. With the downshift in the economy
they will have to redevelop new strategies to combat the fallout from the
pandemic. Which I believe, will be extremely difficult for Disney resorts,
amusement parks, and island because the long-lasting effects from the pandemic are
people still accustomed to social distancing and wanting to do-so to lessen
their risk.
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