In a statement Sunday, Disney confirmed it reached an agreement to maintain health insurance and other benefits during the furlough, which will begin April 19.
Disney will pay 100% of health insurance costs for workers currently covered for the duration of the furlough up to 12 months, according to the Services Trade Council Union.A visitor to the Disneyland Resort takes a picture through a locked gate at the entrance to Disneyland in Anaheim, CA, on Monday, Mar 16, 2020.
Disney's theme parks across the globe are closed indefinitely since large gatherings have been restricted. Parks in Asia have been closed since February and parks in the U.S. and Paris have been closed since March. Disney's Parks, Experiences and Products is a massive piece of the company's business. Last year, the segment accounted for 37% of the company's $69.6 billion in total revenue.
Last year, Disney reported $11.13 billion in revenue from the global box office, representing around 16% of its total revenue for the year.
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