Disney executives on Thursday tore up California officials for not allowing Disneyland to reopen on the grounds that Disney lost $600 million in the fourth quarter.
Disney Chief Executive Bob Chapek said: “We are very disappointed that California continues to close Disneyland,” he called California’s pandemic guidelines “arbitrary.”
Christine McCarthy, Disney’s senior executive president and chief financial officer, made the remarks in an investor speech on Thursday. Disney said that Disneyland will open before the end of this year.
Chapek noted that the company has been able to safely reopen parks, including Disney World in Orlando, Florida.
A group of mayors in California wrote a letter to the government. Gavin NewsomGavin Newsom (Lavino) The transition stalemate continues to increase pressure from the Governor of California, appointing Harris to replace (D) Earlier this month, it was required to develop more relaxed guidelines for theme parks such as Universal Studios and Disneyland so that they could reopen as soon as possible.
The mayor pointed out that if the blockade continues, it may cause layoffs and other concerns. Disney has laid off 28,000 employees in California and Florida.
According to the Los Angeles Times, as the cold and flu season approaches, officials in densely populated areas such as Los Angeles are discussing tightening restrictions on the flu pandemic.
Los Angeles County now recommends that anyone traveling during the holiday must be quarantined for 14 days when returning, even though officials strongly oppose the Thanksgiving trip.
Due to the minimal park capacity and the massive closure of cruise lines, Disney reported a loss of nearly US$580 million in the fourth quarter and a loss of US$1.7 billion for the year.
Despite this, Disney Plus, Disney’s streaming service, reportedly offset the loss in the fourth quarter, with the company’s subscribers reaching 73 million.
Chapek said: “This year is a unique year in our lives, and of course it is also true in the history of the Walt Disney Company.”