Articles tagged “disney”

Disney CEO Agrees to Extend His Contract Until 2019

Disney CEO Agrees to Extend His Contract Until 2019

Christopher Palmeri, Bloomberg

This announcement that Bob Iger is sticking around at Disney an extra year is hardly surprising; he changed his previous tune and said he would be willing to extend his contract earlier this year. With a little extra time to play with, when will the company name his successor?

4 days ago

Theme Parks Want You to Sit on a Couch Instead of Wait in Line

Theme Parks Want You to Sit on a Couch Instead of Wait in Line

Mike Schneider, Associated Press

Theme parks have been finding ways for the last several years to help visitors cut to the front of lines or at least endure the wait with distracting games. Eliminating queues altogether will take some logistical heavy lifting, but we bet the effort would pay off with guests spending more money in their newfound free time.

1 week ago

Disney Agrees to Pay Workers $3.8 Million In Back Wages and Costume Fees

Disney Agrees to Pay Workers $3.8 Million In Back Wages and Costume Fees

Josh Eidelson, Bloomberg

Disney, a company that reported $55.6 billion in 2016 revenue should, should be ashamed of treating its workers so shabbily that it was forced to pay a penalty of $3.8 million for trying to cut some corners.

1 week ago

Disney CEO Says Serving on Trump Advisory Panel Is Good for the Company

Disney CEO Says Serving on Trump Advisory Panel Is Good for the Company

Christopher Palmeri, Bloomberg

One thing that didn't come up at the annual meeting: Whether CEO Robert Iger will stick around at the entertainment giant after his contract is up next year. With no replacement yet named, an extension for Iger looks increasingly like a possibility.

3 weeks ago

Does Disney CEO Bob Iger Want to Run the Country?

Does Disney CEO Bob Iger Want to Run the Country?

Hannah Sampson, Skift

The election of Donald Trump shows that a CEO can mount a successful run for president, though reality TV stardom also helps. If Bob Iger is serious about a future in politics, we expect Disney to name a successor soon and free him up to focus on campaigning.

4 weeks ago

Hong Kong Disneyland Earnings Drop in Tandem With Tourism Numbers

Hong Kong Disneyland Earnings Drop in Tandem With Tourism Numbers

Associated Press

Disney can afford to play the long game with its partner in Hong Kong. Now it just needs the tourists to play along.

1 month ago

Disney Is Hiking Ticket Prices at Domestic Theme Parks Yet Again

Disney Is Hiking Ticket Prices at Domestic Theme Parks Yet Again

Christopher Palmeri, Bloomberg

Disney's last earnings report showed that theme parks made more money despite lower attendance, so we don't expect the latest ticket price increase to hurt the bottom line.

1 month ago

Attendance Is Down at Disney’s U.S. Parks But New Attractions Are on the Way

Attendance Is Down at Disney’s U.S. Parks But New Attractions Are on the Way

Hannah Sampson, Skift

Theme parks were the best performers during the first fiscal quarter despite some attendance declines, and Disney has a pipeline of new openings in the coming years that should keep the segment comfortably in positive territory.

2 months ago

Disney Deep Dive: The Economics of Hong Kong Disneyland Resort

Disney Deep Dive: The Economics of Hong Kong Disneyland Resort

Dave Montali, Skift

Disney's international parks act as key consumer touch-points that drive brand awareness and cross-monetization of content in new markets. Macroeconomic issues in outbound mainland China tourism have impacted Hong Kong recently, but those pressures are abating and new park expansion projects should stabilize attendance trends.

2 months ago

Understanding Disney’s Domestic Hotel Strategy

Understanding Disney’s Domestic Hotel Strategy

Jared Wein, Skift

Disney's unique theme park experience gives the company strong pricing power in the U.S., allowing Disney to consistently raise ticket prices above the inflation rate while growing attendance at the same time. By owning hotels on its properties, Disney is able to maintain an immersive experience, leading to high occupancy rates and steady growth in spending per room. The theme parks feed the hotels with guests and the hotels reinforce the park experience. This has, and will continue to be, a lucrative cycle for Disney.

2 months ago

New Skift Research Report: A Deep Dive Into Disney’s Competitive Position in Travel

New Skift Research Report: A Deep Dive Into Disney’s Competitive Position in Travel

Jared Wein, Skift

Disney is a case study for travel and hospitality companies on how to think and look outside of travel, when building globally successful businesses and brands.

3 months ago

Hong Kong Disneyland Is Adding ‘Frozen’ and Marvel Lands in a $1.4 Billion Expansion

Hong Kong Disneyland Is Adding ‘Frozen’ and Marvel Lands in a $1.4 Billion Expansion

Christopher Palmeri and Crystal Tse, Bloomberg

Disney's CEO has said that the company's giant new Shanghai theme park isn't hurting business in Hong Kong. Still, it's a smart move to expand the older park with attractions that can't be found in Shanghai.

4 months ago