The Walt Disney Company stock has taken quite the dive this morning, with Disney stock plummeting nearly 9% since yesterday. Disney Stock Disney stock (DIS) dropped in premarket trading after their disappointing first-quarter report. Yesterday, after their second-quarter report, it dropped even more. This also comes after a surprise decline in Disney+ subscribers in Quarter … Read more
Disney is expecting the domestic Disney Parks (Disneyland Resort and Walt Disney World Resort) to have a lower Q3 2023 revenue than in Q3 2022. The reasons Disney gave for the revenue being lower were due to the new Cast Member contract and the end of the 50th Anniversary celebration at Walt Disney World. The … Read more
During Wednesday’s earnings call, The Walt Disney Company CEO Bob Iger said they are “closely evaluating” for growth and expansion opportunities at Disney Parks. Several expansions are already in the works. “Frozen”-themed lands are under construction at Hong Kong Disneyland, Tokyo DisneySea, and Walt Disney Studios Park (Paris). The Paris expansion will also include a … Read more
Disney Parks, Experiences and Products reports $7.78 billion in revenue during the second quarter of 2023, which ran from early January to late March. During this time, the Disney 100 Years of Wonder celebration kicked off at Disneyland Resort and began at Walt Disney World Resort. With the celebration came the debut of “Wondrous Journeys” … Read more
Beloved Muppets Kermit and Animal embarked on an after-hours tour of Disney’s Animal Kingdom in a new video celebrating Earth Month and the 25th anniversary of the park. Seen on the official Muppets and Disney Parks social media pages, this promotional is also advertising “The Muppets Mayhem,” streaming May 10 on Disney+. The two Muppet … Read more
Disney Dreamlight Valley has just teased the new update that will bring Disney Parks to the game starting April 5. Disney Dreamlight Valley Latest Update Disney originally teased the update as “a new realm opens, new characters arrive to the valley, and more surprises.” The teaser video shows one of the characters standing in front … Read more
Disney’s Lake Nona Headquarters Project has been approved unanimously by the Development Review Committee. Lake Nona Headquarters Project The vote was held on March 9 and was known as the Lake Nona Parcel 20A Office Complex. The project passed through the Development Review Committee with a unanimous vote of 5-0 by its members. The site … Read more
The Walt Disney Company CEO Bob Iger touched on Disney Parks during a question and answer session at the Morgan Stanley Technology, Media and Telecom Conference. Iger emphasized that reducing crowding was an important part of improving the guest experience, alluding to Park Pass reservations. “It’s tempting to let more and more people in,” he … Read more
Today is International Women’s Day and The Walt Disney Company is celebrating the day in a variety of ways. The Disney Parks Blog has highlighted five women who are creating “magic at Disney Parks.” Disney says that their global theme parks “would not be what they are today without the hard work and creativity of … Read more
After riding TRON Lightcycle / Run today at Disney’s Magic Kingdom, Disney Parks, Experiences, and Products Chairman Josh D’Amaro declared that the attraction is an exciting and ambitious start to a transformative future of attractions yet to come. In an interview with the Orlando Business Journal, D’Amaro shared some thoughts on his ride along Walt … Read more
Today, Disney has launched the Women of the Galaxy Collection, now available at Disney Parks and shopDisney. com. The Women of the Galaxy collection pays tribute to the fearless women of the Star Wars universe, who, like their male counterparts, courageously battle against the shadowy powers that threaten their freedom. This collection showcases Padmé Amidala, … Read more
Josh D’Amaro addressed the announcement that The Walt Disney Company would be cutting 7,000 jobs in an email to Cast Members today. D’Amaro, chairman of Disney Parks, told Cast Members that the cuts will impact every section of the company, including Disney Parks, Experiences, and Products. However, Disney does not expect these cuts to impact … Read more
Disney Chief Financial Officer Christine McCarthy announced that capital expenditures, which include the costs for building and maintaining physical properties, will be reduced by $700 million across Disney Parks within the United States.
In today’s earnings report, Disney reported an increase in capital expenditures from $1 billion to $1.2 billion, attributed to higher spending at Disney Media and Entertainment Distribution and Disney Parks, Experiences, and Products. The increase for Disney Parks is “primarily due to cruise ship fleet expansion,” which could refer to the Disney Wish, a new … Read more
Disney Parks & Resorts has reported $8.7 billion revenue during the first fiscal quarter of 2023, up 21% from the last quarter. Segment operating income also increased 25% to $3.1 billion. Higher operating results for the quarter reflected increases at the domestic parks and experiences and, to a lesser extent, the international parks and resorts. … Read more
Disney Parks, Experiences, and Products Chairman Josh D’Amaro has been appointed to the national board of directors for Make-A-Wish America, the organization revealed in a press release today.