Articles tagged “theme parks”

Disney Hikes Prices in California Parks Ahead of Star Wars Opening

Disney Hikes Prices in California Parks Ahead of Star Wars Opening

Christopher Palmeri , Bloomberg

Over the past couple of years Disney has tweaked its pricing strategy across its parks to reflect consumer demand and with Star Wars: Galaxy’s Edge attraction opening this summer it has another reason to step up its crowd control planning.

1 week ago

6 Top Theme Park Industry Developments of 2018

6 Top Theme Park Industry Developments of 2018

Hannah Sampson, Skift

Theme parks got more creative with loyalty and pricing, ramped up their building boom, and took steps to raise employee wages in 2018. One operator mounted a turnaround, while another struggled to meet expectations. Here are some highlights from a year of strategic twists and turns.

3 weeks ago

Disney Makes CEO Bonus Target Harder to Reach

Disney Makes CEO Bonus Target Harder to Reach

Anders Melin, Bloomberg

Disney CEO Bob Iger has extended his contract multiple times, and he's poised to reap a windfall when he finally leaves the company — in addition to the cash he's pulling in during the rest of his tenure. Shareholders showed this year that they weren't happy with his compensation plan, and the board has responded.

1 month ago

Disney’s Paris Operations Are a Target of French Tax Investigation

Disney’s Paris Operations Are a Target of French Tax Investigation

Gaspard Sebag, Bloomberg

This is a complicated case, but one thing is clear: Disney isn't happy French investigators raided its Paris offices, and authorities don't seem to care all that much about what the entertainment giant has to say.

2 months ago

Disney and Fox Face Suit for Dropping Planned Fox World Theme Park

Disney and Fox Face Suit for Dropping Planned Fox World Theme Park

Christopher Palmeri and Edvard Pettersson, Bloomberg

Fox World aimed to be a key attraction near Kuala Lumpur. But Disney and Fox dropped the theme park. Genting, a casino operator that had bet big on the project, is seeking damages of $1 billion. From the outside, it's impossible to judge if the suit has merit.

2 months ago

Disney CEO Still Bullish on China Despite Shanghai Park Slump

Disney CEO Still Bullish on China Despite Shanghai Park Slump

Hannah Sampson, Skift

Disney had to lower ticket prices to boost attendance at its two-year-old Shanghai park, but that's not the story at most properties around the world. The company saw its overall theme park revenue jump 9 percent in its fiscal fourth quarter.

2 months ago

Dubai Theme Park Operator Warns of Possible Six Flags Delay

Dubai Theme Park Operator Warns of Possible Six Flags Delay

Archana Narayanan, Bloomberg

Executives with Six Flags Entertainment warned last month that an on-time opening of the Dubai project was unlikely, and it appears that caution was warranted. As DXB Entertainments conducts a strategic review, what other changes await?

2 months ago

SeaWorld’s Price-Cutting Strategy Is Fueling a Comeback

SeaWorld’s Price-Cutting Strategy Is Fueling a Comeback

Hannah Sampson, Skift

SeaWorld is making theme park visitors an offer some apparently can't refuse: a good deal. With attendance continuing to rise and a slate of new attractions on the horizon, the operator might finally be leaving the bad times behind.

2 months ago

Wanda Sells More of Its Tourism Businesses for $900 Million

Wanda Sells More of Its Tourism Businesses for $900 Million

Bloomberg

When the Chinese government tells you to give up your travel businesses, you act quickly, at least if you're based in the country. So much for Wanda's dreams of one day competing with Disney.

3 months ago

Six Flags Is Keeping Ties to Saudi Arabia as Others Back Away

Six Flags Is Keeping Ties to Saudi Arabia as Others Back Away

Anousha Sakoui, Bloomberg

Will Six Flags face any blowback for its relationship with Saudi Arabia, even as other companies cut ties? Its theme park is set to open in 2023, so there is plenty of time to find out.

3 months ago

Six Flags’ Future in Dubai Is Now Uncertain

Six Flags’ Future in Dubai Is Now Uncertain

Hannah Sampson, Skift

Six Flags still considers international licensing an important driver of revenue growth, despite some roadblocks along the way. Back in the U.S., where most of its parks are located, weather put a damper on quarterly earnings.

3 months ago

Disney Is Spending $20 Million to Keep Florida Gambling in Check

Disney Is Spending $20 Million to Keep Florida Gambling in Check

Jonathan Levin, Bloomberg

Gambling companies have long wanted to expand in Florida. Disney, a major force in the state's economy, has been opposed. In the battle of the ballot measure this November, our money is on the mouse.

3 months ago