Disney to cut 28,000 US employees due to coronavirus

first_imgDisneyland had originally been scheduled to reopen in July, but that was called off as local officials rolled back reopenings due to another coronavirus surge.California’s 805,000 confirmed cases are now the most of any US state.‘Help us reopen’While the rate of new infections has since gone back into decline, and certain businesses are once again allowed to welcome customers back, theme parks remain shuttered in the nation’s most populous and richest state.Last week, D’Amaro called on California Governor Gavin Newsom to “help us reopen” or risk the losses of tens of thousands of jobs. “The longer we wait, the more devastating the impact will be to the Orange County and Anaheim communities,” he said, urging officials to “to treat theme parks like you would other sectors.”The state has introduced a four-tier system for counties, with Orange County – where Disneyland is based – ranked in the second-highest category.But even the handful of counties with “minimal” coronavirus are not yet permitted to reopen theme parks.Earlier in the month, Disneyland joined Universal Studios and other theme parks in a statement demanding California officials set out the health criteria required for them to reopen. Local mayors have also spoken out.Newsom said earlier this month that theme park guidance would be issued “soon.”Blockbusters delayedThe move to lay off thousands of workers comes on the heels of Disney’s US$4.7 billion loss in the most recent quarter, which reflected the hit to its theme park business and the derailment or postponement of major movie releases. These negative effects have been offset somewhat by soaring demand for the Disney+ streaming service, where it steered premieres of its “Mulan” remake and the film version of Broadway musical “Hamilton.”But last week Disney announced it was postponing several of its biggest theatrical releases until next year, including eagerly anticipated movies from the record-grossing Marvel superhero film series such as “Black Widow” and “Eternals.”Steven Spielberg’s much-hyped “West Side Story” was delayed by an entire year, to December 2021.Those moves came in the wake of disappointing box office returns for mega-budget movies that have braved US theaters this summer, including sci-fi thriller “Tenet” from rival studio Warner Bros. Theaters remain closed in several key domestic markets, including the cities of Los Angeles and New York. Shares of Disney fell 1.5 percent to $123.57 in after-hours trading.Topics : Disney said Tuesday it will cut 28,000 jobs from its United States theme parks division, singling out California restrictions that have prevented the giant Disneyland resort from reopening due to the coronavirus crisis.The cuts were needed in light of social distancing requirements and depressed demand caused by the pandemic, along with uncertainty on when the parks will recover, the Mouse House said in a press release. “(A)s difficult as this decision is today, we believe that the steps we are taking will enable us to emerge a more effective and efficient operation when we return to normal” said Josh D’Amaro, chairman of Disney Parks, Experiences and Products. About two-thirds of the affected employees are part-time staff.Drawing millions of tourists each year, Disneyland in Anaheim near Los Angeles is the world’s second-most visited theme park, after the Magic Kingdom at Walt Disney World in Orlando.But unlike the Disney theme parks in Florida, Tokyo, Hong Kong, Shanghai and Paris, the Anaheim resort has so far been unable to reopen due to the Golden State’s COVID restrictions.Uncertainty had been “exacerbated in California by the state’s unwillingness to lift restrictions that would allow Disneyland to reopen,” D’Amaro said.last_img read more

No injury fears for Burgess ahead of North Tipp decider.

first_imgThey earned a place in the final by beating Kilruane MacDonaghs by a scoreline of 1-16 to 17 points, and will now face Nenagh Éire Óg for the top prize.Cremin says his side have had recent injury problems but all the players will be fit and available for selection come Sunday.Throw-in is at 3.30 in McDonagh Stadium on Sunday and we’ll have live updates here on Tipp FM. A large crowd is expected for the game so fans are asked to arrive early in order to avoid congestion at the turnstiles.last_img

Betfair debuts ‘Racing Post Live’ for Cheltenham 2020

first_img ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure  August 27, 2020 Spotlight delivers Racing Post translated services for Pari-Engineering Russia August 26, 2020 Submit Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 Share Related Articles StumbleUpon Share Seeking to deliver the best Cheltenham 2020 insights and engagement for punters, next week the Betfair Exchange will broadcast ‘Racing Post Live’ across all its digital platforms.Racing Post Live is a new interactive show developed by the rebranded Spotlight Sports Group, covering all major horseracing festivals throughout the calendar year. Hosted exclusively on the Betfair platforms, the show will see Racing Post and Betfair Exchange experts offer real-time insights, tips and reactions for every day of the Cheltenham Festival (10-13 March).Gethin Evans, Spotlight Sports Group digital marketing director, described the show as a key 2020 launch to showcase Racing Post’s interactive content capacity.“We are very excited to work on this innovative video proposition in partnership with the marketing team at Betfair,” he said. “It’s a fantastic opportunity for us as digital publishers, for Betfair as a real-time exchange education platform and for the sport of horse racing to get a true digital share of voice across our group, including the Racing Post and MyRacing channels. “We have a great mix of in-house talent and external guests to provide live insight at major race days and have some fun at the same time.”Racing Post Live will run throughout the flat and jumps season, covering more than 42 live race days and producing several Betfair Exchange educational videos, a key marketing initiative for the betting exchange in 2020.Harry Phillips, Betfair head of UK&I brand marketing, backed Racing Post Live as a great tool to inform and educate customers on racing dynamics. “The opportunity to partner on a pioneering live show across the biggest horse racing festivals is something that will help build awareness and education of the Betfair Exchange product,” he said. “We are working with the Spotlight Sports Group in-house production team to produce a true made- for-platform watch along for horse racing, which we hope drives further engagement in the sport going forward.”last_img read more