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Tag: Disney Parks Experiences and Products

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Disney CEO Bob Iger Predicts Theme Park Attendance Will Go DOWN — Here’s Why

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The Walt Disney Company recently released the earnings report and held its earnings call for the second quarter of 2024, outlining just how the theme parks were doing financially, how streaming is holding up, and more.

Cinderella Castle

During the call, we learned that Disney Parks & Entertainment revenue increased, largely due to Disney World, Disney Cruise Line, and the international parks having higher results. But, the company isn’t convinced this trend will continue — and we’re diving into why that might be.

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NEWS: Disney Reports Higher Ticket Prices Drive $747 MILLION Revenue INCREASE

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Disney recently released its earnings report for the second quarter of 2024 and held its quarterly earnings call. It’s already been a big year for the company, especially with Tokyo DisneySea’s MASSIVE expansion, Fantasy Springs, opening soon, the company moving ahead with plans for its OG resort Disneyland, and its plans to expand Magic Kingdom and re-theme part of Disney’s Animal Kingdom.

Cinderella Castle

The second quarter earnings report gave us a good look at the company’s general revenue, streaming, and more. We also learned how Disney Parks are faring financially, so let’s dig into those details of what we’ve learned about Disney’s Parks, Experiences, and Products division.

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What a $60 BILLION Expansion Could Look Like for Disney Parks

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We are about to see some HUGE changes coming to Disney Parks.

Cinderella Castle in Magic Kingdom

We recently learned about some plans that Disney has for both Disney World and Disneyland, as well as learned a little more about some new offerings coming to Disney Cruise Line. Then, Disney decided to blow everyone’s minds by announcing it was going to spend $60 billion in the Disney Parks, Experiences, and Products segment of the company over the next 10 years. So what could Disney do with all that money? Let’s take a look.

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NEWS: Disney Announces Plans for $60 BILLION Expansion

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If you’ve been following along with the announcements Disney made at Destination D23 in early September, then you know that the company has a lot planned for its parks.

©Disney | Walt Disney Company Headquarters

With updates to Dinoland, USA and an expansion to Magic Kingdom planned for the future, plus changes to several attractions, we know that Disney will probably be spending the big bucks on theme parks in the coming years. But just HOW much will they spend? We’ve got the answer.

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Massive CHANGE From Disney CEO Bob Iger Seeks to Fix a Chapek “Mistake”

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Now that Bob Iger is back as CEO of the Walt Disney Company — he has a long road ahead of him to “set the strategic direction” as he was tasked with.

©Alberto E. Rodriguez / Getty Images

That strategic redirection includes a massive overhaul of the company’s structure, which many expected, but what that new structure would look like remained unclear — until recently. Disney held its first company earnings call since Iger’s return, and he declared out with the old and in with the new — effective immediately.

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Want BIG Disney News? Don’t Miss These 3 D23 Expo Panels

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The 2022 D23 Expo is gearing up to be THE Disney fan event of this year, with lots of fun activities, exclusive merchandise, and potentially HUGE announcements about Disney’s current and upcoming projects.

D23 Expo Poster

We’ve already learned about 6 major panels happening at this year’s Expo, including several presentations, an awards ceremony, and even a Disney Princess concert! Let’s take a look now at which of the events slated for the Expo could yield some of the BIGGEST Disney news. [Read more…]

The BIGGEST Announcements from Disney’s Earnings Call

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The Walt Disney Company released its Quarterly Earnings Report for Quarter 3 of Fiscal Year 2021 earlier today, and CEO Bob Chapek and CFO Christine McCarthy hosted the company’s Quarterly Earnings Call this afternoon.

©Bloomberg

We learned quite a bit of interesting news today, from the continued growth of Disney+ to the steady demand for Disney Parks! Let’s recap all of the major announcements and updates from this afternoon’s call.

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NEWS: Thousands of Disney Employees to Be Relocated from California to New Central Florida Campus

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Lots of changes have been made at the Walt Disney Company over the past year.

©The Walt Disney Company

Early last year, Bob Iger stepped down as CEO and is set to step down from his role as chairman at the end of this year. The company also massively restructured some of its business areas to adjust its focus to streaming. Now, more changes are on the way.

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Wanna Know HOW Disney’s “Real” Lightsaber Works?

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There are some pretty awesome and fantastical items in Disney-owned films.

Luke vs. Darth Vader ©Disney

One such item that comes to mind is the lightsaber. An “elegant weapon for a more civilized age,” as Obi-Wan Kenobi would say. These energy swords are the chosen weapon of those who have a connection to the Force in Star Wars and boy, are they cool or what? We’ve been able to make (toy) lightsabers in the Disney parks since Star Wars: Galaxy’s Edge opened and we can sometimes snag lightsabers online — but what about that REAL lightsaber that Disney made?

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How Much Money Have the Disney Parks LOST in 2021?

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We’re learning a lot about Disney during the Quarterly Earnings Call!

Tree of Life

We’ve already gotten an update on the subscriber count for Disney+, and we’re looking forward to other exciting news from the company. And now, we’re taking a look at the theme parks’ finances for the quarter.

[Read more…]

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