Walt Disney World to increase capacity as Q2 revenue drops on continued weakness in parks
By MAE ANDERSON
Disney World to increase capacity
Disney s second-quarter revenue dropped as the pandemic continued to weigh on its parks and theme parks. However, CEO Bob Chapek said signs of recovery can be seen across the company’s business and capacity will continue to expand.
NEW YORK (AP) - Disney s second-quarter revenue dropped as the pandemic continued to weigh on its theme parks.
Disney+ subscriptions continued to surge but missed some analyst expectations. Still, net income beat expectations, and CEO Bob Chapek said signs of recovery can be seen across the company’s business as the pandemic begins to wane.
Disney s college program has gender-neutral housing option
John Raoux/AP
FILE - In this Monday, March 16, 2020, file photo, the road to the entrance of Walt Disney World has few cars, in Lake Buena Vista, Fla. Two more unions have reached agreements with Walt Disney World over furloughs caused by the theme park resort s closure during the new coronavirus outbreak. The agreements reached late Friday, April 10, apply to security guards and workers involved in facilities and operations. (AP Photo/John Raoux, File)
By: Scripps National
and last updated 2021-05-10 21:27:39-04
When Walt Disney World welcomes back college students later this year, participants will be able to live in what the theme park is calling gender-neutral housing.
Author Bio
Since 1995, Rick has been writing for The Motley Fool, where he s a consumer and tech stocks specialist. Yes, that s a long time with more than 20,000 bylines over those 24 years. He s been an analyst for Motley Fool Rule Breakers and a portfolio lead analyst for Motley Fool Supernova since each newsletter service s inception. He earned his BBA and MBA from the University of Miami, and he splits his time living in Miami, Florida and Celebration, Florida.
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If you believe in
Disney (NYSE:DIS) but feel that the stock might be getting ahead of itself, you re probably not alone. The media giant s shares have been big winners in the new normal, even if it s about to post its fourth consecutive quarter of double-digit declines in revenue. With so much riding on the profitless Disney+ it s only natural to to wonder if there are other ways to cash in on Disney s success. Some of the names might surprise you.
Welcome to a jam-packed edition of theme park news! There has been so much going on this past week that, well, we won t dare to spoil it. From changes to theme park safety protocol and costume reveals to berry blasters and Halloween happenings, here s everything you may have missed:
THE NEW THROWBACK RIDE THAT S A BERRY GOOD TIME
As part of Knott s Berry Farm s 100th Anniversary celebration, the Southern California theme park is unveiling something unexpected: nostalgia. Its newest ride,
Knott s Bear-y Tales: Return to the Fair, is a 4D attraction that honors Knott s Bear-y Tales, a synonymous attraction that shuttered 35 years ago.