2 months ago if you said Disney was pondering bankruptcy and would have to borrow 5 billion dollars in order to stay in business i would have called you delusional.You are delusional if you think George Lucas ever gets control of Star Wars again, and you are even more delusional if you think George Lucas could fix this mess.
their numbers are suspect. the fact they extended their credit by 5 billion says things arent so peachy.nothing you linked says (1) they are considering bankruptcy (2) they HAVE to borrow $5 billion to stay in business. Borrowing money now while interest rates are at historical rates is just easy business decision, build up a cash hoard so you have a lot of options for the next few years. Disney has over $7b in literal cash in the bank so even if they draw $0 revenue -- impossible, they have reached over 50m D+ subs so thats hundreds of millions a month alone -- they can survive for years just spending what they already have in the bank.
That article you linked even goes on to mention Disney has access to nearly $17 billion in credit if they need. Literally every public company on the planet has billions in loans, better to make bets with other peoples money.
The real question is what does entertainment look like now in 3-4 years. Everyone just sorta assumed movies limp along and TV/streaming is a bigger and bigger market like video games, but now I don't think anyone really knows anymore.
Heytheir numbers are suspect. the fact they extended their credit by 5 billion says things arent so peachy.
The Walt Disney Company Files for $6 Billion in Debt Offering - Inside the Magic
The Walt Disney Company has now filed for a debt offering totaling $5.89 billion after taking a massive hit from the coronavirus crisis.insidethemagic.netDisney Raises Additional $1.3 Billion in New Debt - Inside the Magic
After a recent $6 Billion debt offering, the Walt Disney Company has returned to the debt market for fresh cash; this time in Canada.insidethemagic.net