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Disney invests US$3.2 billion in theme park business,In fiscal year 2018, nearly US$1 billion will be added to build a Star Wars park

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Li Haiqiang2017-11-13

Disney invested US$3.2 billion in theme park business in 2017,Accounting for 90% of the total investment,The company recently said that its new investment of US$1 billion is mainly used to build two Star Wars theme parks。Predictable,After signing a deal with a new director for the Star Wars trilogy,Disney can play more theme park IP trump cards in the future。

Theme park giant Walt Disney plans to increase investment in introducing the Star Wars brand series into main parks in the new fiscal year。

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“A large part of this money will be invested in the two Star Wars theme parks being built,We are also completing Toy Story Land in Orlando next year。In addition,Worldwide,The company has other projects under implementation。188bet online sports betting ”Disney CFO Christine McCarthy told analysts。

As of September 30th,Disney’s capital expenditures in fiscal 2017 totaled just over $3.6 billion,US$3.2 billion of which was used to invest in the theme park and resort business。This capital expenditure figure is significantly lower than the $4.8 billion invested in fiscal year 2016,However, Disney invested more in the newly opened Shanghai Disneyland and the underperforming Hong Kong Disneyland in the last fiscal year。

Financial report display,Disney’s fourth quarter revenue and profit both decreased。Revenue fell 3% to $12.8 billion,And net profit (attributable to shareholders) fell 1% to 17.US$500 million。However,The theme park and resort business is the only performance highlight: revenue increased 6% year-on-year to US$4.7 billion,Operating profit increased 7% year-on-year to 7.US$4.6 billion。

Affected by hurricane,Poor performance at Walt Disney World theme park in Orlando,Resulting in a 6% year-on-year decrease in operating profit of domestic theme parks and resorts and Disney Cruise Line business。Hurricane Irma shut down some theme parks for two days,Also 188bet Online Sports Betting and Casino caused the cancellation of voyages of three Disney cruise ships and the shortening of voyages of two other cruise ships。According to company estimate,The hurricane caused an estimated $100 million loss to Disney’s overall operating profit。

Nevertheless,Domestic theme park visitor numbers still increased by 2% year-on-year,Mainly because of the company’s new Avatar Flight of Passage in Disney’s Animal Kingdom area and the new Guardians of the Galaxy — Mission: Breakout in Disney California Adventure Park Opening of attractions。

Disney’s operating profit growth was mainly driven by its international theme park business。For example,Disneyland Paris’ 25th anniversary celebrations attract more visitors。“The tourism environment gradually improved after the terrorist attacks in France” also played a very important role,McCarthy said。

The number of visitors to Shanghai Disneyland, which opened in June last year, has also increased significantly,Exceeded the company’s previous expectations。

“I am pleased to see that Shanghai Disney has achieved positive operating profits just one year after its 188bet Online Sports Betting and Casino opening,This also exceeded our expectations of breaking even in the first year,"McCarthy said。

CEO Robert Iger said,Around the world,Shanghai Disney、Hong Kong Disneyland、The good performance of theme parks such as Disney Paris and Tokyo Disney shows that the company “has many opportunities to continue to increase investment and expand the business of these parks”。

In the United States,Star Wars lands in Orlando and California expected to open in 2019。

A recent announcement indicates,Disney will continue to embed classic elements from new Star Wars movies into Disney theme parks。Eiger said,Disney recently signed an agreement with director Rian Johnson。The "Star Wars" movie directed by him will be released in December this year,And plans to create a new "Star Wars" trilogy。Although the specific release dates of the other two films have not yet been determined,But one thing is certain,Next year is a Star Wars movie about Han Solo (Star Wars character),And a movie about "Star Wars 9" released in 2019。

 “Because of the company’s unique series of brands、Continuously launched series of characters or images (Franchises) 188bet online sports betting and the strong ability to leverage IP throughout the company,No other entertainment company has been leading the changing media landscape like Disney。" Disney Chairman and CEO Robert Iger said,“We plan to launch the first direct-to-consumer streaming service in the year,The company will continue to increase investment in the future,Make some risky moves when necessary,To create greater shareholder value。”

The source of this article is Zhihui, and the copyright belongs to the original author.

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