Demand Growing as Losses Continue at Disney Parks
May 13, 2021, 4:25 PM ·
Disney s theme park segment posted a loss of $406 million in the second quarter, on revenue of $3.173 billion, the company announced today.
Disney s U.S. parks lost $587 million on revenue of $1.735 billion during the three months ending April 2, 2021, with its international parks losing $380 million on revenue of $262 million. Net income of $561 million in Disney s consumer products division eased the overall loss in the Disney Parks, Experiences and Products segment.
The Disneyland Resort in California, Disneyland Paris Resort, and the Disney Cruise Line were closed for all of the company s second quarter, while Hong Kong Disneyland Resort was open for 30 days during in the quarter, compared to 25 days in the prior-year quarter. The Walt Disney World Resort and Shanghai Disney Resort both were open for all of the second quarter. (The Tokyo Disney Resort is owned by the Oriental Land Co, so it is not i
Tokyo Disney Owner Reports Historic Loss
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Universal Studios Japan Poised to Re-Close as Osaka Governor Requests Third State of Emergency
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Nikkei rises as glass firms, department stores gain on upbeat earnings Reuters 4 days ago
TOKYO, April 13 (Reuters) - Japanese shares rose on Tuesday, led by gains in stocks of glass product companies and department store operators after their robust earnings, though concerns about rising domestic COVID-19 cases undermined travel-related shares.
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Nikkei share average rose 1.0% to 29,840.04, holding above key support levels from its 25-day, and 50-day moving average, at 29,507 and 29,442.
The broader Topix gained 0.54% to 1,965.08, but it moved in a tight range it has hugged over the past several sessions.
AGC rose 3.6%, briefly hitting a 10-year high, after the glass product maker revised up its earnings outlook and dividend forecasts.