Japan moves to announce state of emergency

London (CNN Business)Disney’s theme parks in Tokyo will remain closed with more than 5,000 park employees working a reduced schedule after Japan extended its state of emergency until the end of May.

A decision on when to reopen Tokyo Disneyland and DisneySea had been expected by the middle of May. But parks operator Oriental Land said Friday that a date will only be announced once the country’s state of emergency is lifted. Some 5,400 employees will work four fewer days per month until the parks reopen, the company added.
Disney announces its Shanghai park will begin phased reopening next week
All of Disney’s theme parks in North America, Asia and Europe have been shut for more than a month due to the coronavirus pandemic, dealing a huge blow to the entertainment company’s business. Its parks in Tokyo have been closed since February 29.

    The company said earlier this week it will begin a phased reopening of its largest international park in Shanghai on May 11 under “enhanced safety measures.” Shanghai Disneyland was the first park to close on January 24.
    Safety measures will include limiting attendance with an advanced registration and entry system. Crowd sizes will also be controlled at restaurants, rides and other facilities.

      Disney (DIS) on Tuesday reported a 93% drop in earnings for the quarter ended March, the company’s second fiscal quarter, as the coronavirus pandemic caused profit in its Parks, Experiences and Products division to tumble 58%.
      Japan is preparing to ease lockdown measures in many parts of the country in the coming days, after reporting the fewest new coronavirus infections since March 31 on Thursday. The country, which has identified 16,259 coronavirus cases and 570 deaths, has been under a state of emergency since April 7.
      Source: Read Full Article