The Good and Mostly Bad of Disney and Universal's Park Closures
Monday was a dark day for the theme park industry. It was the first time that all Disney (NYSE: DIS) and Universal Studios gated attractions worldwide were closed on the same day. The coronavirus-related interruption is going to be a financial jolt to Disney and Universal parent Comcast (NASDAQ: CMCSA) in the near term, but it's not permanent.
Whether we're talking about weeks or the more likely months of closures, the parks will eventually be teeming with tourists. Disney and Comcast are as financially sturdy as they come in the realm of media conglomerates. Smaller players may not be as fortunate at the other end of this global tragedy, but Disney and Comcast will be there once we see the light at the end of this uncertain tunnel. There will obviously be more negative than positive ramifications for the industry, but let's start with a few of the silver linings related to the shuttered parks.
Image source: Disney.
Source Fool.com
