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Disney Sees $350M Profit Hit From Hong Kong, Shanghai Theme Parks In Current Quarter
Walt Disney chief financial officer Christine McCarthy said Wednesday that the company could record a $350 million squeeze on operating income in the current quarter – its fiscal third — from its Hong Kong and Shanghai theme parks, tempering a bit the parks division's upbeat narrative.
Hong Kong Disneyland has…
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1 Comments Comment on Disney Sees $350M Profit Hit From Hong Kong, Shanghai Theme Parks In Current Quarter
Disney Takes $1B Hit For Ending License Deals To Send Content To Streaming; Quarterly Sales Up, Profit Falls
Disney beat on streaming subs but its financials missed the mark in the second quarter of 2022 due to a hefty $1.023 billion it said it “owned a customer to early terminate license agreements for film and television content delivered in previous years” it wants to use on its direct-to-consumer services.
Revenue of…
ADL Blasts Protesters Flying Nazi Flags Outside Disney World Over The Weekend, Calls On Public Officials To Condemn
The sign outside the entrance to Florida’s Disney World has been a lightning rod for protests of late. This past weekend was no exception.
Video surfaced online both Saturday and Sunday of protesters marching outside the entrance to the park holding Nazi flags, one seemingly dressed in a German WWII uniform.
Two other…
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By Tom Tapp
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Florida Gov. Ron DeSantis Signs Bill Repealing Disney’s Special District For Walt Disney World – Update
UPDATED, Friday, 12:33 PM PT: Florida Gov. Ron DeSantis signed legislation Friday that strips Disney of a special district that covers Walt Disney World, after the company came out publicly against the state’s parental rights law.
It’s unclear what the ultimate financial impact will be on Disney, but Democrats have…
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By Ted Johnson
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Florida Gov. Ron DeSantis Calls For Lawmakers To End Walt Disney World’s Self-Governing Special District
Florida Gov. Ron DeSantis escalated his attack on The Walt Disney Co. on Tuesday, calling on the state legislature to end a self-governing special district covering Walt Disney World in Orlando.
DeSantis said that lawmakers in a special session this week “also will be considering termination of all special districts…
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By Ted Johnson
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Disney: Florida Republican Rep. Hints At Repealing Longstanding Statute That Benefits Company’s Orlando Operations
Florida State GOP Representative Spencer Roach said legislators have met twice to discuss repealing a statute that impacts how Disney can invest in its theme parks there. The move is retaliatory after the company and CEO Bob Chapek came out strongly against the so-called "Don't Say Gay" bill just signed into law by…
Disney CEO Bob Chapek To Host Parks-Focused Orlando Investor Event As Wall Street Turns To Business Amid Controversy
Disney is set to welcome the Wall Street crowd to Orlando for two days next week at annual event that's still a go, even after a corporate retreat was nixed amid swirling headlines.
The meeting provides analysts and investors a deep dive into the booming theme parks business that, despite all the attention to…
Disney World “Regrets” Performance Featuring Racist Stereotypes Of Native Americans – Update
UPDATED: After an uproar over a performance by a cheer group at the park this week, Walt Disney World issued a statement today addressing racist stereotypes about native Americans in the drill team’s routine. Video shows the The Port Neches-Groves “Indianettes” High School drill team repeating the words, "scalp 'em…
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By Tom Tapp
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Bob Chapek To Helm Disney’s Annual Meeting Amid “Don’t Say Gay” Backlash
At Disney's last shareholder meeting the big issue was a sad girl scout who couldn't see Raya And The Last Dragon with her troop because their local theater hadn't accepted Disney's stiff rental terms to show the film.
At the 2022 meet, which unspools at 1 pm ET Wed., CEO Bob Chapek arrives with a bigger controversy…
Portion Of Walt Disney World’s Hollywood Studios Park Floods
Shortly before Walt Disney World closed tonight, guests began posting photos and video of what seemed to be a new water attraction: a lazy river running down Hollywood Boulevard at the resort’s Hollywood Studios park.
The source of the cataract was a downpour that hit the area hard, sending guests in shorts and t…
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By Tom Tapp
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Disneyland, Walt Disney World Lift Mask Requirement For Fully-Vaccinated Guests
Disneyland and Walt Disney World have indicated that, starting Thursday, they will no longer require masks for fully-vaccinated guests in the parks, whether indoors or outdoors. Guests who are not fully vaccinated are required to continue wearing masks indoors (including on indoor rides).
“We expect Guests who are not…
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By Tom Tapp
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Disney CEO Says A Third To Half Of Domestic Theme Park Guests Are Choosing Costlier Ticket Options As Sales Set Records
Disney’s once-battered theme parks are back with revenue doubling and solid profits last quarter, besting pre-pandemic levels and even setting records. Execs cited a combination of increased attendance and higher average per capita ticket prices — although both of those have caused griping on social media with Reddit…
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