Articles tagged “theme parks”

SeaWorld Is Selling a 21 Percent Stake to Chinese Investors

SeaWorld Is Selling a 21 Percent Stake to Chinese Investors

Paul Barbagallo, Bloomberg

SeaWorld Entertainment has been making all kinds of moves to turn the company's performance around, but results have not paid off yet. Will this new long-term investment help?

6 days ago

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?

6 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 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

Terrorism Concerns Give Merlin a Reason to Be Cautious

Terrorism Concerns Give Merlin a Reason to Be Cautious

Paul Jarvis, Bloomberg

The travel and hospitality sector is unpredictable at the best of times. There are plenty of things that can go wrong and derail an otherwise successful company. Having being burnt in the past, Merlin is probably right to try and temper expectations.

4 weeks ago

Comcast Is Staking a Bigger Global Claim With Control of Japan Theme Park

Comcast Is Staking a Bigger Global Claim With Control of Japan Theme Park

Gerry Smith, Bloomberg

Comcast's latest $2.3 billion bet on Universal Studios Japan shows how much potential the parent company sees in its theme parks.

4 weeks ago

SeaWorld Is Trying to Avoid Having Another Awful Year

SeaWorld Is Trying to Avoid Having Another Awful Year

Hannah Sampson, Skift

SeaWorld has talked for nearly a year about how public perception of the company is improving. The trick seems to be turning that attitude into attendance.

4 weeks ago

Six Flags Says It Is Just Getting Started With Its International Expansion

Six Flags Says It Is Just Getting Started With Its International Expansion

Hannah Sampson, Skift

How much of the world is eager to host a Six Flags theme park? The Texas-based company is trying to find out.

1 month 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.

2 months ago

Disney Is Seeking Full Control of Its Struggling Paris Theme Park

Disney Is Seeking Full Control of Its Struggling Paris Theme Park

Ville Heiskanen, Bloomberg

Disney can't go back and undo some of the historic problems with Disneyland Paris. But with more control — and maybe even full control eventually — the company is hoping to turn the troubled resort around.

2 months 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