Disney may post impairment charges of $1.8-2.4 billion

Disney may post impairment charges of $1.8-2.4 billion

Disney is likely to post impairment charges in the range of $1.8-2.4 billion, as the company assesses the impact of the COVID-19 pandemic on its operations. The entertainment industry has been severely affected due to the closure of theaters, theme parks, and the halt in production. Disney’s major divisions, including its movie studio, theme parks, and live entertainment, have suffered significant disruptions. This announcement suggests that Disney is taking measures to account for the current challenges and uncertainties in the market. It is crucial for the company to acknowledge the potential losses and ensure its financial stability. Stay tuned for the official announcement and further details on the specific areas that will be affected by the impairment charges.

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