The Walt Disney Company’s Q4 Earning Call is about to begin and the Full Year Earnings Report for Fiscal 2020 was just released.
©The Walt Disney Company
As a part of the report, Disney speaks to the effects of the global health crisis on the company this year and how it may affect the company next year. The company expects significant spending on safety measures into 2021.
According to the Earnings Report, Disney estimates that costs on safety measures for employees, talent, and guests will amount to approximately $1 billion in fiscal 2021.
Disney CEO Bob Chapek
They note that the reopening of businesses incurred costs and will continue to incur cost in order to “address government regulations and implement safety measures.” The report notes that “the timing, duration and extent of these costs will depend on the timing and scope of the resumption of our operations.”
Cinderella Castle
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The post NEWS: Disney to Spend Billion on Safety and Health Measures in 2021 first appeared on the disney food blog.