A few weeks later, the COVID-19 pandemic landed in the U.S.—shutting down most public places, including Disney parks. The company’s revenue fell sharply; previous year profits turned to losses; and the stock price plunged. Given that the company had closed its Disneyland parks in Shanghai and Hong Kong in January, some, including the New York Times’ then–media critic Ben Smith, wondered aloud: “Had Mr. Iger, with his deep ties to China and legendary timing, seen the coronavirus about to devastate his global realm? Did he get out just in time?” (Iger assured Smith that there was “nothing different or odd to speculate about.”)
Read the full story at The Verge.
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