Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2023 International Conference on Management Research and Economic Development
Series Vol. 20 , 13 September 2023
Open
Access | Article
Research Based on the Stock Trend of Disney over the Pandemic
* Author to whom correspondence should be addressed.
Abstract
The COVID-19 pandemic has caused significant damage to theme parks. During the era of the pandemic, millions of companies from different industries were facing huge economic problems, which included the excessive indebtedness that leads to failure to pay back within the regulated time limit, the thing go under, and facing bankruptcy. Theme parks industry was one of those who fell into predicament. The sudden decrease of visitors and compulsory safety precautions caused the short-term disclosure of the parks and resorts. What was taught by the Covid-19 pandemic was that theme parks should always keep themselves attractive and innovative. This article aims to research the pandemic's impact on Disney and its reaction to encountering the park disclosure. By analyzing data and information directly from their website and statements using ways of accounting, it is expected to figure out whether the reactions were supportive, and how their responses helped minimize the adverse effects brought by Covid-19.
Keywords
theme parks, Disneyland, stock market, Covid-19 pandemic, entertainment business
References
1. Archie, A. (2022) Shanghai Disney Resort will close indefinitely starting on Halloween due to covid-19, NPR. NPR. Available at: https://www.npr.org/2022/10/31/1132764320/shanghai-disney-resort-covid-19 (Accessed: February 23, 2023).
2. Barnes, Brooks (September 29, 2020). "Disney Lays Off 28,000, Mostly at Its 2 U.S. Theme Parks". New York Times. Archived from the original on September 30, 2020. Retrieved September 29, 2020.
3. "Disney stops paying 100,000 workers during the downturn". BBC News. April 20, 2020. Archived from the original on April 21, 2020. It was retrieved on April 21, 2020.
4. Andreeva, N. (2020) 'empire', 'pose', 'queen of the south', 'The resident' & 'American housewife' shut down over coronavirus, Deadline. Deadline. Available at: https://deadline.com/2020/03/empire-pose-queen-of-the-south-the-resident-american-housewife-shut-down-coronavirus-1202883591.
5. JAMES, M.E.G. and FAUGHNDER, R.Y.A.N. (2020) Coronavirus reverses Disney's fortunes, for now, Los Angeles Times. Los Angeles Times. Available at: https://www.latimes.com/entertainment-arts/business/story/2020-03-13/disneys-reversal-of-fortunes-coronavirus.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2023 International Conference on Management Research and Economic Development
- ISBN (Print)
- 978-1-915371-83-6
- ISBN (Online)
- 978-1-915371-84-3
- Published Date
- 13 September 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/20/20230222
- Copyright
- 13 September 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited