Morning Thrill Seekers,
Last night I was mostly listening to Disney’s quarter one call! Not the most thrilling way to spend an evening at the best of times, it didn’t help that yesterday’s was probably one of the most boring but we did get some information here’s a quick breakdown.
First-quarter results for Disney’s Parks and Resorts for 2013 saw revenue climb by 7% to $3.4 billion year-over-year. Operating income for the parks grew 4% to $577 million.
Growth was spearheaded by California’s Disneyland which drew crowds with its new Cars Themed Land. Joint attendance for Walt Disney World and Disneyland rose 4%.
Disney said visitor spending grew 6% for both Florida and California (combined) based mostly on higher ticket prices.
Other bits of info
- Although attendance has been largely stagnant at Disney World in recent months, the company said it has improved during the current quarter. Iger said the first phases of its Fantasyland expansion have been “extremely well received” by travellers and has helped the company push more-aggressive price increases.
- Disney so far has spent $1 Billion on its MyMagic + product.
- While MyMagic + remains in a “test phase,” Disney says many of the main components will roll out to visitors during the next few months.
- Disney have launched an over branded Mobile Phone in Japan that has been very successful.
- Overall DVD sales were down 43%, exec’s believe the purchase of Lucas Films for $4 Billion will help turn this around.
- Disney’s consumer-products business rose 11% to $346 million, driven by sales of Marvel Entertainment-related merchandise.