Disney closes all its theme parks

Disney announced it is temporarily closing all its theme parks as a precaution against the coronavirus.

It is closing its California theme parks from Saturday until the end of the month, even though there have been no reported coronavirus cases at either Disneyland Park or Disney California Adventure Park.

Walt Disney World Resort in Florida and Disneyland Paris Resort will also be closing from Sunday until the end of the month, the Walt Disney Company announced.

Previously, Disney parks in Tokyo, Hong Kong and Shanghai have shuttered temporarily.

Universal Studios Hollywood also will close on Saturday. It anticipates reopening on March 28. Hollywood studios are reacting to the global coronavirus pandemic by delaying the release of more huge film releases.

Disney has pushed back the release of its blockbuster remake of Mulan as the industry attempts to reduce the impact of the COVID-19 outbreak.

Disney said the film will now be released on an unspecified date later in the year, along with horror films The New Mutants and Antlers.

Some film industry analysts have reportedly estimated the outbreak could wipe £3.9bn off the global box office.

Read more via Sky News/ CNBC