By CBSLA Staff

ANAHEIM (CBSLA) — Disney expects to keep its Anaheim theme parks closed until 2021, according to a call the company’s executives had with analysts.

ANAHEIM, CA – OCTOBER 22: The Toy Story Parking Lot at the Disneyland Resort is closed in Anaheim, CA, on Thursday, October 22, 2020. (Photo by Jeff Gritchen/MediaNews Group/Orange County Register via Getty Images)

Disneyland and California Adventure are expected to stay closed through “at least the end of the first fiscal quarter,” Christine McCarthy, Disney’s senior executive vice president and chief financial officer, said an earnings call Thursday. That would keep the Anaheim theme parks shuttered through at least March of 2021.

McCarthy noted that some Disney theme parks around the world are open at limited capacity, but Disneyland Paris is also now closed after reopening in mid-July.

California won’t allow theme parks to reopen until the county they are located in reaches the yellow tier, the least restrictive tier of the state’s reopening guidelines. Even then, theme parks can only reopen at 25% capacity, under the COVID-19 health and safety guidelines.

The Disney parks, experiences and product division saw a $9.7 billion decline in revenue this year.

Comments (5)
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  3. corporal snark says:

    pelosi and newsom would have let disneyland reopen for thanksgiving if orange county could have elected democrats to congress; but with those 2 GOP korean-american ladies elected, disney will be lucky to open by easter.

  4. JM says:

    You need to correct this headline, article and caption. They are being shared on SM a lot. The statement was that Disney would be closed until the end of their fiscal 1st quarter. Disney starts their fiscal year in October….so the end of the 1st fiscal quarter would be end of December (maybe the 1st week of January) NOT MARCH. Fiscal year is different than calendar year. A little research before publishing please. If you had listened to the call or read the report, this would be clear.

  5. Michael says:

    Hey CBS learn what Fiscal Q1 means. It’s October, November, December. This post should be flagged for misinformation. Disney wouldn’t announce a date like that.

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