News from
Disney announces first new theme park in a generation
2025-06-04 07:45:04| Spiritual Career Counseling
For the first time in 15 years, the Walt Disney Company has announced the development of a new theme park a resort destination in Abu Dhabi that marks the companys entry into the Middle East.The Disneyland Abu Dhabi resort will become Disneys seventh global resort destination, the company announced Wednesday shortly after reporting strong second-quarter earnings.Disneys parks have arguably been its most important financial driver, representing 59 per cent of its operating income in the 2024 fiscal year as streaming competition heats up. And while domestic parks attendance decreased modestly last year, Disney reported Wednesday morning that US park attendance rose again, and revenue surged in the first quarter.Know the news with the 7NEWS app: Download today Although the company sees potential in its international resorts, where theres been more growth in attendance and guest spending, China has been a pain point amid the trade war: park attendance in Shanghai and Hong Kong fell,...
Category:
Employment