02.04.2020 11:30:00

How Disney Made Sure It Will Get Through the Coronavirus Crisis

The coronavirus pandemic is wreaking havoc around the world, causing economic activity to contract substantially. Walt Disney (NYSE: DIS) is keeping its parks, among other businesses, closed to limit the spread of the virus. The company will lose a significant amount of revenue because of the closures, while expenses remain high because Disney is choosing to continue paying cast members until at least April 18. To help reduce the chances of a cash crunch, Disney raised more than $6 billion by issuing debt securities.Image source: Getty Images.Continue reading
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