by Ray Keating
March 13, 2020
CNBC just reported that The Walt Disney Company is halting all production on live-action movies due to the coronavirus.
This announcement, of course, comes on the heels of recent announcements about the closings of Disneyland, Walt Disney World, Disneyland Paris, and the Disney Cruise Line, as well as the release of the live-action movie Mulan being delayed.
In addition, Disney’s ESPN is going to be hit hard with the cancellation of major sporting events, including the NBA, whose games are carried on ESPN.
There are expectations that the release of Black Widow will be delayed as well.
The short-term unknowns for Disney continue to mount. However, there is the positive of Disney+ coming online in big markets in Europe (March 24) and India later this month (March 29).
Ray Keating is the editor, publisher and economist for DisneyBizJournal.com, and author of The Disney Planner 2020: The TO DO List Solution and the Pastor Stephen Grant novels. He can be contacted at email@example.com.