The first quarter of 2022, technically running from early October 2021 to early January 2022, was the second-best of all time for Disney Parks. As we reported, Disney Parks made $7.2 billion this quarter, more than doubling from last year’s first quarter.
As it turns out, Disney Parks, Resorts and Products will be spending more than previously expected on construction and refurbishments at the theme parks. At last week’s Q3 earnings call, The Walt Disney Company announced that the cut in capital expenditures has been reduced to $700 million. Previously, a $900 million cut was expected. Disney … Read more
Michael Colglazier, President & Managing Director, Disney Parks International, has left the company to become CEO of Virgin Galactic. From the official press release: Virgin Galactic Holdings, Inc., a vertically integrated aerospace and space travel company, today announced the appointments of Michael Colglazier as Virgin Galactic’s new Chief Executive Officer and George Whitesides as Chief … Read more