Disney to Reduce Parks and Resorts Capital Expenditures by $900 Million

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During yesterday’s Quarter 2 Fiscal Year 2020 earnings call, Disney Chief Financial Officer Christine McCarthy stated the company’s plans to reduce capital expenditures during the Covid-19 pandemic. McCarthy stated that capital expenditures for the parks and resorts would be reduced by $900 million by way of pausing refurbishment and construction projects.

Details of specific projects that may be subject to delay or cancellation were not stated, but construction on all ongoing Walt Disney World projects was suspended shortly after the park closure in March.