The Impact of COVID-19 on The Walt Disney Company Online and Offline

Research Article
Open access

The Impact of COVID-19 on The Walt Disney Company Online and Offline

Bingjie He 1*
  • 1 University of Melbourne    
  • *corresponding author 1377809454@qq.com
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/25/20230516
AEMPS Vol.25
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-93-5
ISBN (Online): 978-1-915371-94-2

Abstract

This article will focus on whether the outbreak of COVID-19 has a positive or negative impact on the entire Walt Disney Company, and whether the advent of COVID-19 has mainly affected the online or offline development of Walt Disney. This article will analyze and discuss the impact of COVID-19 on the Walt Disney Company from three perspectives: profit, assets and liabilities. First of all, this paper will divide the profits into the following income. The net income calculation and analysis of Return on assets and return on equity are three main parts to specifically judge the impact of COVID-19 on Walt Disney Company. Next, this paper calculates and analyzes whether Covid-19 has a negative impact on Walt Disney Company from the perspectives of assets and liabilities. The final conclusion is that when the novel coronavirus pneumonia broke out, it had a negative impact on the whole company of Walt Disney, especially the offline income of Walt Disney was hit hard, but the online income of Walt Disney Company did not decrease because of the outbreak of the novel coronavirus, but continued to grow. But after two long years of fighting COVID-19, Walt Disney's online and offline departments have returned to normal and are expected to surpass pre-pandemic levels.

Keywords:

Covid-19, the Walt Disney Company, online, offline

He,B. (2023). The Impact of COVID-19 on The Walt Disney Company Online and Offline. Advances in Economics, Management and Political Sciences,25,304-309.
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References

[1]. Jones, B. D. P. L. D. B. &. (2021, January 24). Coronavirus: How the pandemic has changed the world economy. BBC News. https://www.bbc.com/news/business-51706225

[2]. McClain, C., Vogels, E. A., Perrin, A., Sechopoulos, S., & Rainie, L. (2022, April 28). The Internet and the Pandemic. Pew Research Center: Internet, Science & Tech. https://www.pewresearch.org/internet/2021/09/01/the-internet-and-the-pandemic/

[3]. Carillo, C. (n.d.). The Walt Disney Company: A Corporate Strategy Analysis. UR Scholarship Repository. https://scholarship.richmond.edu/robins-case-network/4/

[4]. China’s theme parks face a new era. (2022, October 13). McKinsey & Company. https://www.mckinsey.com/industries/travel-logistics-and-infrastructure/our-insights/chinas-theme-parks-face-a-new-era

[5]. Return on Equity (ROE) vs. Return on Assets (ROA): What’s the Difference? (2022, March 22). Investopedia. https://www.investopedia.com/ask/answers/070914/what-are-main-differences-between-return-equity-roe-and-return-assets-roa.asp

[6]. E-commerce in the time of COVID-19. (n.d.). OECD. https://www.oecd.org/coronavirus/policy-responses/e-commerce-in-the-time-of-covid-19-3a2b78e8/

[7]. Urso, G. B. (2022, September 14). The Importance of Investing in Both Online and Offline Strategies. https://www.linkedin.com/pulse/importance-investing-both-online-offline-strategies-gordon-borg-urso?trk=public_post

[8]. Inside Shanghai Disney as park locked down over Covid. (2022b, October 31). [Video]. BBC News. https://www.bbc.com/news/av/world-asia-china-63464731

[9]. Grand opening of Universal Beijing speaks more than a thousand words: Global Times editorial. (n.d.). Global Times. https://www.globaltimes.cn/page/202109/1234678.shtml

Cite this article

He,B. (2023). The Impact of COVID-19 on The Walt Disney Company Online and Offline. Advances in Economics, Management and Political Sciences,25,304-309.

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About volume

Volume title: Proceedings of the 2023 International Conference on Management Research and Economic Development

ISBN：978-1-915371-93-5(Print) / 978-1-915371-94-2(Online)
Editor：Canh Thien Dang, Javier Cifuentes-Faura
Conference website: https://2023.icmred.org/
Conference date: 28 April 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.25
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Jones, B. D. P. L. D. B. &. (2021, January 24). Coronavirus: How the pandemic has changed the world economy. BBC News. https://www.bbc.com/news/business-51706225

[2]. McClain, C., Vogels, E. A., Perrin, A., Sechopoulos, S., & Rainie, L. (2022, April 28). The Internet and the Pandemic. Pew Research Center: Internet, Science & Tech. https://www.pewresearch.org/internet/2021/09/01/the-internet-and-the-pandemic/

[3]. Carillo, C. (n.d.). The Walt Disney Company: A Corporate Strategy Analysis. UR Scholarship Repository. https://scholarship.richmond.edu/robins-case-network/4/

[4]. China’s theme parks face a new era. (2022, October 13). McKinsey & Company. https://www.mckinsey.com/industries/travel-logistics-and-infrastructure/our-insights/chinas-theme-parks-face-a-new-era

[5]. Return on Equity (ROE) vs. Return on Assets (ROA): What’s the Difference? (2022, March 22). Investopedia. https://www.investopedia.com/ask/answers/070914/what-are-main-differences-between-return-equity-roe-and-return-assets-roa.asp

[6]. E-commerce in the time of COVID-19. (n.d.). OECD. https://www.oecd.org/coronavirus/policy-responses/e-commerce-in-the-time-of-covid-19-3a2b78e8/

[7]. Urso, G. B. (2022, September 14). The Importance of Investing in Both Online and Offline Strategies. https://www.linkedin.com/pulse/importance-investing-both-online-offline-strategies-gordon-borg-urso?trk=public_post

[8]. Inside Shanghai Disney as park locked down over Covid. (2022b, October 31). [Video]. BBC News. https://www.bbc.com/news/av/world-asia-china-63464731

[9]. Grand opening of Universal Beijing speaks more than a thousand words: Global Times editorial. (n.d.). Global Times. https://www.globaltimes.cn/page/202109/1234678.shtml

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