BURBANK, Calif. - Walt Disney Co. will stop paying more than 100,000 employees this week, nearly half of its workforce, as the world's biggest entertainment company tries to weather the coronavirus lockdown, it was reported Monday.

Suspending pay for thousands of so-called cast members will save Disney up to $500 million a month across its theme parks and hotels, which have been shut in Europe and the U.S.

for almost five weeks, the Financial Times reported. RELATED: • Disney will furlough employees starting April 19, company says • Disneyland, California Adventure to remain closed until further notice due to coronavirus outbreak But slashing fixed costs in a more severe way than other theme-park owners, such as NBCUniversal and Warner

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