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Disney to nearly double parks spending to USD 60 billion over 10 years

Disney said its parks, experiences and products segment has expanded at a combined annual growth rate of 6% since fiscal 2017, and generated $32.3 billion in operating income over the last 12 months, according to a presentation included in a regulatory filing. ....

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MSNBC Ana Cabrera Reports June 4, 2024 14:51:00

Disney has a pretty substantial parks business so you know, again, it s not just disney. you see in the tech sector as well, a lot of layoffs happening in this economy. ride share lyft is set to cut about a thousand jobs. what does that suggest to you? the estimate is that s about 30% of the work force. that s very serious. it s not just lyft it s really a lot of these tech-focused companies as interest rates have risen, they ve really paired back on the more aggressive hiring they did during the pandemic. during 2020, a lot of these tech companies said we expected our businesses to grow a lot faster than they ultimately did lyft has a new ceo these layoffs are the first step in them trimming back that company, really prioritizing cash flow in this tough environment. thaunk you for making sense f it all for us. we have some sad news to bring you this morning, len goodman, the long-serving judge on dancing with the stars has died former dancer, a british champion he helped reviv ....

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BBCNEWS BBC News June 4, 2024 14:48:00

Suppose some people might wonder, isn t disney making plenty of money from other parts of the company? certainly, as you did see strength in the parks business in the last quarter, but the other part of their business apart from movies is the disney channel, which was to strip it it is part of cable bundles, which is more profitable than streaming services, where people can move around with more ease than in long term cable contracts was not as people cut their court and moved away from those bundles, it because more of a business challenge. itruthat more of a business challenge. what will disney need more of a business challenge. what will disney need to more of a business challenge. what will disney need to do more of a business challenge. what will disney need to do to more of a business challenge. what will disney need to do to make its streaming service more profitable? it launched in 2019 and has just come for the first time, and asked a fall in subscribers. ....

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BBCNEWS BBC News June 4, 2024 14:50:00

Where there is so much competition? it is hard not to lean into streaming because of how behaviour has changed. people don t want to pay hefty monthly bills for cable, it is people turning away from that as a way of getting primary entertainment. they have embraced netflix and now other studios have launched services of their own. this pivot is hard to ignore because consumer behaviour has changed that much. that said, all of the streaming services that exist are grappling with the same problem, which is that you cannot change as much as you could for cable. it is easierfor much as you could for cable. it is easier for consumers much as you could for cable. it is easierfor consumers to much as you could for cable. it is easier for consumers to turn it on and off andjump easier for consumers to turn it on and off and jump between services. you see them trying to solve this problem in different ways. there is a new focus on profitability and growing a streaming business in a way that mak ....

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