(Reuters) - For Walt Disney Co, the ability to sell "Frozen"-themed water bottles at the Magic Kingdom theme park while selling ads during the NBA playoffs has historically been its greatest strength. But since the coronavirus pandemic forced theme parks and cinemas to shutter and live sporting events to be canceled, that exposure has made Disney one of the most vulnerable of its peers. When Disney announces its third-quarter results on Tuesday, investors will gauge how significantly the pandemic has hurt the company’s theme parks, TV networks and studios, while boosting streaming services like Disney+. PARKS, EXPERIENCES AND PRODUCTSDisney's theme parks are expected to take the biggest hit from the pandemic. The unit is forecast to report a $2 billion quarterly loss, compared with a $1.7 billion profit a year earlier, according to Refinitiv data.

Source: International New York Times August 03, 2020 10:07 UTC