Disney Postpones Release of "Mulan" in China Over Coronavirus
Walt Disney (NYSE: DIS) is coming off another big year with its studios segment. In fiscal 2019, Disney made $11.1 billion in revenue from its movie releases. While 2020 wasn't expected to match that performance, especially with no Star Wars film scheduled for release this year, the outbreak of COVID-19 is bringing Disney's momentum to a screeching halt.
The release of Mulan in China this month was expected to be one of Disney's biggest releases of the year, but with theaters closed all over China, the studios segment may see a slump in the short term. Mulan is scheduled to be released on March 27 in the U.S.
Image source: Walt Disney.
Source Fool.com
