Disney theme parks take huge hit in Q3 due to Covid-related closures

The Walt Disney Co.'s segment that includes its theme parks took it on the chin in its third quarter ending June 27, as most of its parks were closed across the globe due to the Covid-19 pandemic. The Burbank, California-based media giant, which owns and operates Walt Disney World in Orlando, reported a staggering 85% drop in revenue to $983 million at its parks, experiences and products division. "The impact of Covid-19 and measures to prevent its spread are affecting our segments in a number…