It’s not just Disney – the Santa Anita Park circuit in Los Angeles has also announced that it will be temporarily closed to live horse racing on a mandate from county officials. The more than 1
The continued closure of its theme parks is important to Disney. The parks are a major revenue driver for the entertainment company: Disney generated more than $ 26 billion in revenue in the Parks, Experiences and Products division in fiscal year 2019, representing 37% of the company’s total revenue.
“The safety and wellbeing of our guests and employees continue to be top priorities for the Walt Disney Company,” the company said in its statement on Friday.
Disney’s shares fell 8.5% on Friday.
The company has urged its domestic employees at Walt Disney Studios, Walt Disney Television, ESPN and the direct consumer, park and product departments to work from home during the Corona virus outbreak.
Correction: In an earlier version of this story, the owner of the Santa Anita circuit was misrepresented.