Disney Is Onward and Upward Despite COVID-19
Walt Disney's (NYSE: DIS) short-term results will no doubt feel the impact of the coronavirus pandemic. The company touches so many different areas, including networks, theme parks, and movies. But with so many places and sports shut down, people can't go to its theme parks, watch live sports, or go to theaters to see its movies. ESPN is airing old games, for instance, but it's not the same.
I firmly believe the company will muddle through and wind up just fine due to its quality content and brand experience, however. And now, management has taken a clever step toward keeping its content relevant and in consumers' minds until movie theaters open for business again.
Image source: Getty images.
Source Fool.com
