And as soon as someone from a hotspot proves just what a small world it is, so to speak, and kicks off a mass infection...boom goes the entertainment scene again. Temperature checks are a false security blanket. Way too long an asymptomatic transmission period. Unlike, say, a supermarket where you can take steps like sanitizing carts continuously, and people get in and move around with purpose, and more and more with masks, what do you do with Space Mountain? That spittle is everywhere, not just six feet apart. I get the desire to restart that piece of the economy, but there’s a hell of a problem doing so.
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Disney to furlough nonessential employees across company,
- Thread starter Y2kTheNewOldies
- Start date
I doubt that Disneyland will open until there is some type of disease control or reduction medication. People are not going to take their children to a congested place unless there is total security. And California is not going to like opening an attraction that brings in, mostly, out of state and out of country visitors. That could start things all over again.
It's also doubtful that the park would be profitable with such limited attendance.
I'd say that concerts and amusement parks will even be in doubt in the fall unless major advances are made in the control of the virus.
Yes, the parks and ships have 0% attendance. But the network revenues are off by somewhere around 90%, too.
Only the paid home viewing options can be profitable for them now. That is why over the weekend they announced 45,000 layoffs.
If you read the industry trades, Iger pushed his way back to help stabilize the company and to build a new, post-virus enterprise. He realized that the transition to a new CEO at this time needed some backup from him as the whole business model has changed.
https://variety.com/2020/tv/news/espn-coronavirus-pay-cuts-disney-1234578595/
Update Disney has announced Pay Cuts from the ESPN division. Yes this includes ESPN Pundits getting Pay cuts.
Update Disney has announced Pay Cuts from the ESPN division. Yes this includes ESPN Pundits getting Pay cuts.
aren't temp checks useless if they don't detect anyone asymptomatic?
Six Flags plans to reopen their parks in Mid-May, but they attract just local/regional crowds.
The ESPN talent has been asked to take cuts. They have contracts. They can decline.
Some pundits are on the payroll and some are contractors. Far as Disney is concerned; employees on the payroll are easier to work with, and thus mandatory pay cuts or furloughs are simple to enforce. Contractors work so many appearances/hours under contracts.
In which case, they will be fired. Or they will be transferred to do something they won't like.
This is not the time for people to try to get things that are impossible to give and which will negatively impat other co-worker.
I just spoke with my retirement investment adviser, and it was mentioned that Disney will come back... if it can get through all this... as a totally different company. The cruise business may be dead for years, and many people will not travel, go to movie theaters and the like. In fact, the "worst case" advisory was to not count on Disney stock as having any future value.
I'll bet $100 that they don't.
Some of this optimistic projection is to try to keep investors from panicking.
Funny you mentioned investors. Their stock jumped today. Motley Fool has this explanation:
https://www.fool.com/investing/2020/04/09/time-sensitive-why-six-flags-cedar-fair-and-planet.aspx
Mid May? Maybe a park, somewhere. But even that seems highly suspect roughly a month away. For some others, it’s not even in the realm of remote possibility. Unless they’re just trying to get people killed.
There will be some foolhardy types who will line up whenever the attempt to reopen is made, and in whatever form it takes. But there is next to no chance that industry returns to anything resembling what was normal for quite some time. And whatever the new normal becomes, it will be markedly different.
There will be some foolhardy types who will line up whenever the attempt to reopen is made, and in whatever form it takes. But there is next to no chance that industry returns to anything resembling what was normal for quite some time. And whatever the new normal becomes, it will be markedly different.
This is a PR scheme to make a headline and keep the stock from tanking (pardon the pun). By the time May rolls around and with little changing, Six Flags will 'open to employees and their families who socially separate'. Or some similar face-saving move. Following that announcement, there will be some bullet points stating (something to the effect) that Six Flags continues to hold the health and safety of our loyal customers our first priority.' 'Therefore, we will keep the parks closed for the general public and continue to evaluate any schedules well in advance.' Blah...blah..
There are states like California that are speculating Early June though for a possible reopening but even thats out of the question as long as we do not have a vaccine in place for COVID-19 or any antiviral in place that is really proven to stop COVID-19.
I can't imagine what a lot of their employees are going to do that work the two United States theme parks Disneyland and Walt Disney World. Through they can still make money on movies, if people are ordering them online, or with Disney +, as I got to imagine that people that are subscribers, are getting their moneys worth of films and tv series, ince a bunch iof people have to stay home all day expect for essential trips.
I hope you have our money ready if in case you are wrong, but right now it is hard to say how long things will last.
The only 'parks' that will open in May, and this is not 100% (just more predicting), are state parks and trailheads with ranger/law enforcement checking crowd control. I would be very happy to be able to hike the petrified wood forest, Robinson Canyon, Manastash, etc. next month before the flowers go away. The last time I hiked was on March 18th up Rattlesnake Dance Ridge in the Yakima canyon, and while there were 15-20 people there we were all separate and no groups over 2-3 people.
But if the hikes won't open in May I'm positive they'll have everything lifted in June and I can go romping around the Teanaway - where the land is littered with wildflowers.
But if the hikes won't open in May I'm positive they'll have everything lifted in June and I can go romping around the Teanaway - where the land is littered with wildflowers.
I have it from a reliable source, that Disney construction projects are still working on schedule in the Parks and Resorts. As with many States, construction workers are considered essential-employees. Grounds maintenance and animal care givers are also working 24/7, but with reduced staff on shifts.
The economy will re-open in some form long before there's a vaccine or pharmaceutical cure. Just putting that out there, because a lot of people seem to think the status quo will persist for months. It will not.
What might be more likely is a regional lockdown, where a particular city or metro area shuts down for a few weeks if they have a hot spot, like the San Francisco Bay area did before the Governor expanded it statewide.
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