With the first green shoots of spring — and mass vaccinations — bringing hope for continued drops in Covid-19 cases, some events and venues sidelined for the past year are cultivating comeback plans. Below is a running list of theme parks and movie theaters that are reopening, movies rescheduled, and awards shows, film festivals and
Disneyland
Walt Disney blew past Wall Street estimates last quarter although it swung to red and revenue fell with Disneyland shuttered, and movie theaters in major markets dark. It’s the last showbiz giant to report financials in the latest earnings round and the most anticipated as its sprawling businesses touch most of media and entertainment for
Cowen analyst Doug Kreutz downgraded Walt Disney shares Thursday, reduced earnings estimates and cut its price target on the stock anticipating a more prolonged impact on parks and resorts as the spread of COVID-19 accelerates in the U.S. Walt Disney World reopened at limited capacity last weekend amid the surge. Kreutz said he thinks there’s