food IS a theme park
Disney just made two SURPRISING announcements!
Disney World
The Walt Disney Company recently held its third-quarter earnings call for fiscal year 2023 and released an earnings report as well. CEO Bob Iger talked about the Hollywood writer and actor strikes, the new ESPN betting service, and a new Disney+/Hulu Duo Bundle, among several other topics. There were quite a few announcements that we were already expecting, but two announcements really surprised us!
Disneyland Resort is officially reopening TODAY, after a 13-month closure.
Sleeping Beauty Castle
The parks originally shuttered in March 2020, and while Disney World reopened that July, the California parks stayed closed. Closures like these — as well as the pandemic itself — have taken a massive toll on the tourism industry. And while things are slowly reopening, it appears that Disneyland will report an overall loss in revenue.
The Walt Disney Company held an earnings call today to discuss the results of its second fiscal quarter of 2020.
Magic Kingdom
In addition to addressing the financial effects of the temporary closure, Disney’s CEO, Bob Chapek, made several key announcements. Shanghai Disneyland will be officially re-opening May 11th and we finally know some of the safety measures Disney parks will be implementing when they re-open. But let’s take a look at what the Walt Disney Company had to say about their current finances as they work towards re-opening!
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