- The Chief Executive Officer (CEO) of Disney, Bob Chapek, has opened up about some challenges as the coronavirus assumes global proportions
- He explained that the company is wary of disruptive issues and is working hard to ensure that things are back to normal
- Disney has released a statement to the effect that its Disneyland Park and Disney California Adventure would be soon shut down
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Bob Chapek, the CEO, is set to face his first test at the helm of affairs as the coronavirus leads to a shutdown of the park.
The company announced that it would shut them down in the morning of Saturday, March 14, 2020, until the end of the month.
However, it could still rely on its new streaming service, Disney+, as an increasingly remote workforce search for entertainment options.
Following the recent description of the coronavirus by the World Health Organization (WHO) as an epidemic, the stock market experienced a downturn as investors began to assess the effect of the crisis.
CNBC reports that Chapek has adequate experience in the industry and could be well-suited to handle the challenge.
He took charge at a time when the coronavirus had assumed global proportions and noted that the company is constantly wary of disruptive elements and makes provisions for them.
He added that with the Disney brand and related franchises, the company is well-positioned to survive the challenges.
YEN.com.gh earlier reported major products such as the Fox merger, which was sealed for $71 billion, and the launch of Disney+ have been accomplished.
Chapek would, however, continue to report to Iger, and would soon be appointed to the firm’s board of directors.
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