It may be as much about survival as it is opportunism.
It was a wild piece of investment prognostication when in March word was spreading about the possibility of Apple buying the Disney Corporation. It was almost unimaginable, two immense entertainment titans coming together, for possible world domination. The thing is, the onset of the coronavirus economic detonation made it at least imaginable. Disney is a varied corporate enterprise and the normally recommended practice of being diversified was now one that posed a specific threat.
The global shutdown of society meant that Disney saw that closure affected it on many fronts. Movies were not being released nor produced, theme parks were closed, and the cruise lines were locked in ports. This not only meant that revenues were not coming in but salaries and benefits for a huge workforce were being paid. Disney is estimated to be losing $20 million daily from just the closure of theme parks. That is some serious hemorrhaging, but the prospect of an Apple purchase is not realistic. Still, the pandemic has led to this speculative talk, and more is being said.