Wednesday, February 7, 2018

Disney parks revenue went up $5.2 billion last fiscal quarter

Posted By on Wed, Feb 7, 2018 at 12:27 PM

click to enlarge PHOTO VIA DISNEY
  • Photo via Disney
Despite Hurricane Irma, Disney's parks and resorts reported a revenue increase of 13 percent, which is roughly $5.2 billion, for the first fiscal quarter. 

The report was released today and showed an increase in both revenue and attendance. Overall, attendance was up by six percent at Disney parks due to Pandora - The World of Avatar and Guardians of the Galaxy: Mission Breakout!

"We’re excited about what lies ahead, with a robust film slate, the launch of our ESPN direct-to-consumer business, new investments in our theme parks, and our pending acquisition of Twenty-First Century Fox," said Disney CEO Robert Iger.

Disney cites the new tax law for a reported $1.6 billion benefit. Last month, Disney gave 125,000 employees a one-time cash bonus of $1,000 each and invested $50 million to create a higher education program for workers.



Meanwhile, Disney castmembers and local unions are still negotiating with Disney for a living wage and not "poverty wages."

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