The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( Trefis) -- Disney's ( DIS - Get Report) Disneyland resort in Tokyo has closed down for about 10 days following the natural disaster that shook the country recently. Disney competes with other media conglomerates like News Corp. ( NWS) , CBS ( CBS), Time Warner ( TWX), Viacom ( VIA) and New York Times ( NYT) in the media and entertainment business. The theme park has been closed along with Tokyo DisneySea while various safety checks are being carried out. Although it seems like the damage to theme parks has not been significant, it provokes a question as to how much Tokyo's Disneyland matters to Disney? Although the recent disaster was extreme, Japan is generally prone to earthquakes. Thus, it is worthwhile peeking into Disney's value that might be at risk. Our price estimate for Disney stands at $45.20, which is a premium of roughly 7% to the market price.
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