Disney World & Disneyland Will Stay Closed Indefinitely Amid Pandemic

Sleeping Beauty castle at night in Disneyland

The company originally announced on March 13 that normal operations at Walt Disney World would be temporarily suspended at the close of business on Sunday March 15 2020 through to the end of March 2020. And now that we know the scenario is far worse than that, the expected has officially happened: today Disney announced that all of its parks at the Disneyland and Disney World resorts would stay closed for the foreseeable future.

"The safety and well-being of our guests and employees is still The Walt Disney Company's top priority", the company said in its statement.

This week, there are still quite a few updates regarding closures and potential reopenings of Disney Parks around the globe due to the coronvirus outbreak. Universal has extended its closure dates for parks in California and Florida to April 19.

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The domestic parks will be closed indefinitely as the company adheres to California and Orlando's current stay-at-home orders.

Several other hedge funds and other institutional investors also recently bought and sold shares of DIS. Carolina Wealth Advisors LLC acquired a new stake in Walt Disney in the 4th quarter worth about $31,000. Disneyland first closed its doors in 1963 after President John F. Kennedy was shot and both parks shut down after the 9/11 terrorist attacks. "We continue to monitor the COVID-19 situation and remain in regular contact with health agencies for information and guidance", stated a Disney spokesperson at the time.

As of now, all Disney parks worldwide remain closed, including locations in Tokyo, Hong Kong, Paris, and Shanghai.

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