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D isney, the entertainment giant known for its iconic theme parks and beloved characters, is celebrating its 100th anniversary with a year-long celebration called Disney 100 Years of Wonder
Disney, the entertainment giant known for its iconic theme parks and beloved characters, is celebrating its 100th anniversary this year with a year-long celebration called Disney 100 Years of Wonder.
The celebration, which will include new food offerings, exhibits, and attractions, comes at a time when the company is also making changes to its ticket pricing.
The platinum celebrations will begin on January 27th
According to Disney, the platinum celebrations will begin on January 27th, and will include a brand-new ride-through attraction featuring Mickey and Minnie, called Mickey & Minnie's Runaway Railway, which will open on the same day at Disneyland park.
The World of Color, a popular nighttime light show, will also receive an update, with a new version called "World of Color - ONE," featuring characters and moments from Walt Disney Animation Studios, Pixar Animation Studios, Avengers, and Star Wars.
In addition to the new experiences and offerings, Disney is also making changes to its ticket pricing to offer more flexibility and value. Park Hopper ticket holders will now be able to switch between parks at 11am, starting February 4th. There will also be more dates where the lowest ticketing tier, $104, will be available, scattered throughout 2023, for a total of almost two months.
Disney CEO Bob Iger remains optimistic about the company's future. In a recent statement, Iger said, "We are confident that our strong portfolio of brands and franchises, combined with our focus on innovation and new business opportunities, will enable us to continue delivering long-term growth for our shareholders."
As we look towards the future, it will be interesting to see how Disney manages to recover from these challenges and improve its stock value.The company's Q4 2022 earnings report will be a key indicator of whether or not the company is on track showing their activity.
Disney stock has faced a number of controversies and challenges that have affected the company's reputation and bottom line. In Q3 2022, Disney's stock value saw a decline of 3.2%, with the company blaming the decrease on lower attendance at its theme parks and a decline in media networks revenue.
The changes in ticket pricing and the new experiences and offerings are aimed at driving more visitors to the theme parks, which have seen a decline in attendance due to the ongoing COVID-19 pandemic. However, despite the challenges posed by the pandemic, Disney's stock has remained relatively stable, with a slight dip in Q3 2022, but a rebound in Q4 2022. You can see the top sells of Disney stock here
As Disney continues to innovate and adapt to the changing times, it's clear that the company's future is bright.
With its beloved characters, iconic theme parks, and new experiences and offerings, Disney is poised to continue delighting audiences for many years to come. As the company celebrates its 100th anniversary, it's clear that the magic of Disney is still alive and well, and that the stock is a solid investment for the future.