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Disney Stock Slips After Media Giant Unveils Plan To Double Spending On Theme Parks To $60B Over Next 10 Years
Disney shares pulled back in early trading after the media giant unveiled a comprehensive plan to double its investment in theme parks to $60 billion over the next 10 years.
The stock, which recently reached a nine-year low just below $80, declined nearly 3% to $82.75 on the news…
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By Dade Hayes
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29 Comments Comment on Disney Stock Slips After Media Giant Unveils Plan To Double Spending On Theme Parks To $60B Over Next 10 Years
Disney U.S. Theme Parks See Post-Covid Bounce Falter As Growth Slows, Profit Dips
Disney's giant theme park division was first out of the gate in a post-pandemic recovery, showing giant jumps in revenue and profit due to pent-up demand. But the engine is sputtering.
Walt Disney World saw operating income dip in the June quarter. Domestic Parks & Experiences saw profits fall 13% to…
Disneyland’s Popular Fantasmic! Show To Be Suspended For One Year After Animatronic Dragon Caught Fire
Disneyland’s popular Fantasmic! show will return next spring after a one-year closure prompted by a fire that engulfed the show’s giant prop dragon.
“With the goal of delivering the best possible show for our guests, performances of Fantasmic! are currently paused until Spring 2024,” park officials…
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By Tom Tapp
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Huge Fire Breaks Out At Germany’s Biggest Theme Park, Europa-Park, Which Is Evacuated
A large fire hit Euro-Park Germany, that country’s biggest theme park, on Monday. Video posted by visitors shows active flames and big, billowing clouds of black smoke, reportedly in the park’s Spanish-themed section, Magic World of Diamonds.
An eyewitness told German publication Bild, “It banged…
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By Tom Tapp
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Disneyland Resort Unveils $83 Summer Ticket Offer For CA Residents, But There’s A Catch
Disneyland Resort unveiled a summer discount ticket offer for California residents today, with prices as low $83 for s single day/single park admission, but there is the usual catch: Guests must buy three days’ worth of tickets, making the total $249 for three days admission.
The deal is good for…
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By Tom Tapp
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Disney Parks’ Profit Jumps As International Recovery Takes Hold
Disney Parks & Experiences generated the bulk of parent profits and about a third of total revenue last quarter with a noteworthy swing in international from Hong Kong to Shanghai to Paris.
Total sales at the divison called Disney Parks, Experiences and Products jumped 17% to $7.8 billion, the…
Magic Mountain Closed For Second Straight Day Due To Threat Of Heavy Thunderstorms; Area Under Flood Watch As Rain Continues – Updated
UPDATED with latest: Six Flags Magic Mountain in Santa Clarita remained closed for a second day running today after high winds and rain prompted park officials to close park gates on Tuesday. While the winds have diminished, the region has seen over an inch of rain from the most recent storm and heavy thu…
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By Tom Tapp
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Universal Planning Permanent Horror Experience In Las Vegas Based On Its Parks’ Halloween Horror Nights
As it gears up for the official launch of the new, immersive Super Nintendo World at Universal Studios Hollywood, Universal Parks & Resorts is also pushing forward with two offerings meant to tap into regional markets. The first is a park in Frisco, Texas aimed at small children and families. The second…
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By Tom Tapp
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Universal Building New Theme Park For Families & Young Children In Frisco, Texas
Universal Parks & Resorts announced today a theme park, situated in Texas, specifically designed to inspire fun for families with young children. The company promised “a lush green landscape and featuring immersive themed lands” that celebrates “Universal's iconic brand…and brings to life its beloved…
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By Tom Tapp
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Disney Seeks To Soothe Fans’ Ruffled Feathers With New Theme Park Perks
Disney, newly under Bob Iger's wing, is taking steps to mollify theme park-goers, some of whom have been at a low boil.
Theme parks saw big changes coming out of Covid under former CEO Bob Chapek with new technology, ticket pricing and advances aimed at making the business more lucrative and the…
Super Nintendo World Ready To Launch As Universal Studios Hollywood Brings Mario Kart To Life
In 2016, the theme park that saw the biggest jump in attendance in the world was Universal Studios Hollywood. That year, the park’s attendance surged 13.9% to 8,086,000 visits, according to the EA/AECOM Theme Index and Museum Index. What happened? The Wizarding World of Harry Potter, that’s…
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By Tom Tapp
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Disney Theme Parks Ask Patrons To Show “Courtesy” While Visiting The Happiest Place On Earth
In a sign of the times, Disney theme parks are reminding patrons that they need to behave civilly when visiting the ostensibly family-friendly locations.
A new “courtesy” tab on both parks’ websites spell out the expectations for those who visit the park.
"We ask all who come to this happy place…
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By Bruce Haring, Tom Tapp
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