Disney to Lay Off 28,000 U.S. Workers

The transcript discusses the impact of the COVID-19 pandemic on Disney, highlighting consumer hesitancy to visit crowded places like theme parks. It covers Disney's efforts to manage attendance with technology and the challenges faced in reopening Disneyland in California. The role of Disney Plus in mitigating financial losses is also examined, noting its success in gaining subscribers despite the lack of theatrical releases.

What is one reason American consumers are hesitant to visit theme parks during the pandemic?

• They are unaware of safety measures.

• They prefer online entertainment.

• They are concerned about crowded spaces.

• They find theme parks too expensive.

What technological innovation has Disney introduced in its parks to reduce the need for staff?

• Automated cleaning robots

• Cashless payment systems

• Virtual reality rides

• Drone shows

Why has Disneyland in California remained closed longer than other Disney parks?

• Weather conditions

• Lack of visitors

• Renovation work

• State regulations

How has Disney+ contributed to Disney's financial situation during the pandemic?

• By reducing operational costs

• By increasing park attendance

• By boosting merchandise sales

• By attracting millions of subscribers

What is one reason Disney's stock performance has been better than some other entertainment companies?

• New theme park openings

• Higher park attendance

• Successful streaming service

• Increased advertising revenue