Tokyo Disney Park Investors Shrug at Loss of Only Revenue Stream
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“Have faith in your dreams and someday, your rainbow will come smiling through,” go the lyrics to “A Dream Is A Wish Your Heart Makes” from Walt Disney Co.’s 1950 classic “Cinderella.” Investors in the operator of the Disney parks in Tokyo certainly seem to feel the same way.
Oriental Land Co. is losing virtually its only source of revenue as it further extends the closure of Tokyo Disneyland and DisneySea. Today’s extension will bring the shutdown past three months. And even when the park re-opens, the international tourism which has boosted attendees for the past decade could lag for months if not years.