Posted
While Disney theme parks had an improved fourth quarter and attendance and revenue was up, the company as a whole reported a 42% decline in profit for the quarter over last year. Disney's new theme park president, Jay Rasulo, who took the position late last year, says a combination of innovative marketing, attractions and business intelligence will lead to continued recovery of the their theme park business.
Read more about Rasulo's strategy from The Orlando Sentinel, and more about Disney's financial results from AP via The Florida Times-Union.
I just hope that Rasulo can reinvigorate the parks and the company a little. Everything has become rather stale there, and hopefully we'll see a turnaround soon.
Justin
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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM
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"Theme Park Critic Extreme"
As for morale, yes, the shows probably help. The entertainment staff has seen some sharp cuts over the years and this should help.
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At the turn of the Millennium, there were signs.*** This post was edited by eggs 2/2/2003 3:41:41 PM ***
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It's Giant, it's Inverted, it's a Boomerang, Beeyatch!
Disney is a diversified media company. Six Flags is tiny by comparison. One did a billion in revnue the other did 25 times that. These are two companies you can't even compare.
Not only that, but if you'd actually read the articles, you'd see that their theme park business is actually up, not down.
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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM
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It's Giant, it's Inverted, it's a Boomerang, Beeyatch!
Disney has always had the "magic" that NO other park can compete with. Even before having my son (who's 6) I preferred Disneyland over any of the others and went at least every 2 years. No, the rides aren't monstrosities, but they're still fun, there's ambiance, and 99.9% of the people there are wonderful. Can't say that from any recent visits I've had to Great America or Marine World, which sadly, has been taken over by Six Flags and is completely run down. Not so many animals, and the rides are just out of control. Nothing I felf safe taking my son on, and the crowds there were more "rough" than family types. Walt had the right formula, the right idea, and as long as they stick w/ his vision and only tamper a little, they'll be just fine when the others are closing down.
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