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☆ Disney's parks are its top money maker — and it plans to spend $60 billion to keep it that way
▼ + stars: | 2024-04-07 | by ( Sarah Whitten | ) www.cnbc.com time to read: +12 min

It had been more than a year since the Covid pandemic had forced Disney's domestic parks to shutter, but D'Amaro, chair of Disney's experiences division, was confident guests would flood back in when the gates reopened. Revenues fell 35% in 2020, a nearly $10 billion decrease from the $26.2 billion the experiences division had tallied in the year before the pandemic. The experiences division posted record revenue of $32.5 billion in fiscal 2023, a 16% increase from the prior year. Its innovations, from ride mechanics and animatronics to creature design and immersive architecture, have made Disney's parks a standout in the industry. Storytelling is at the heart of everything across Disney's experiences division.

Persons: Mickey Mouse, Ian Langsdon, Josh D'Amaro, D'Amaro, Bob Chapek, D'Amaro —, Walt Disney, King Arthur Carousel, Christian Thompson, you've, it's, Bob Iger, Nelson, Walt Disney Imagineering, Rey, Kylo Ren, Judy Hopps, Imagineers, CNBC —, Lewis, Disney, Imagineering, Matt Stroshane, Alan Bergman Organizations: Paris, Afp, Getty, Gibson, Disney, Walt Disney Imagineering, Hong Kong Disneyland, Walt Disney, Guardians, Magic Kingdom, Epcot, Star Wars, California Disneyland's, Walt Disney Imagineering's, Disney Engineers, Force, Southwest, CNBC, Galactic, Marvel Locations: California, Burbank, Disneyland, Hong Kong, Shanghai Disneyland, Florida, Epcot, Magic, Wharf, Disneyland's, Disney's, Edge

Trian claims Disney's board has failed to generate sufficient returns in recent years as subscription streaming losses have mounted and traditional TV subscribers have declined. Early vote countBoth Disney and Trian received support from influential shareholders ahead of Wednesday's meeting. Roughly one-third of Disney's shareholders are retail shareholders, who historically vote in small numbers in annual meetings. The arrangement still raised questions about ValueAct's support for the company and whether Disney's board should have disclosed the prior relationship. WATCH: Disney board battle reaches final moments

Persons: Bob Iger, Mickey Mouse, Valerie Macon, Nelson Peltz, Jay Rasulo, They've, Maria Elena Lagomasino, Michael Froman, Peltz, Ike Perlmutter, Trian, Disney's, Iger, Bob Chapek, Patrick T, Adam Jeffery, Morgan Stanley, James Gorman, CNBC's, George Lucas, Laurene Powell Jobs, Lucas, Powell Jobs, Ken Squire, Rowe Price, Rowe, Mason Morfit's, ValueAct, Neuberger Berman, John Ferguson, Rasulo —, Glass Lewis, Iger's, Gorman, Jeremy Darroch, CNBC's Andrew Ross Sorkin, Heidi Gutman, Lagomasino, shouldn't, Blackwells, Rasulo, Jason Aintabi, John Foley, Jessica Schnell, Craig Hatkoff, Leah Solivan, ValueAct hasn't Organizations: AFP, Getty Images Disney, Voters, Trian Partners, Disney, PepsiCo, Marvel, SEC, Fallon, Bloomberg, Getty, CNBC Disney, CNBC, Star Wars, LucasArts, Pixar, BlackRock, Institutional, California Public Employees, Yacktman Asset Management, Saratoga Proxy, ISS, Sky, Trian Fund Management, NBCU, Bank, NBCUniversal, Green, Comcast Locations: Los Angeles, New York

☆ CNBC Daily Open: Fights in Mickey's club house
▼ + stars: | 2024-04-02 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +2 min

Actors dressed as Walt Disney characters Mickey Mouse (left) and Minnie Mouse (right) perform during a press preview for the "Minnie Besties Bash!" This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. stocks got off to a tentative start for the second quarter as Treasury yields rose on Monday. [PRO] Top 2Q betsBank of America names its top picks for the second quarter, including one Big Tech company.

Persons: Walt Disney, Mickey Mouse, Minnie Mouse, Minnie Besties, Korea's, Jerome Powell's Organizations: Tokyo Disneyland, CNBC, Asia Hong, Japan's Nikkei, CSI, U.S, Rapidus Corporation, of America, Big Tech Locations: Tokyo, Urayasu, Japan, Asia Hong Kong, Asia, Pacific, U.S, Beijing, China, Korea, Taiwan, Hokkaido

☆ We got a 2.6% mortgage rate this year to buy our first home. Here's how we did it.
▼ + stars: | 2024-03-06 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

An assumable mortgage allows qualifying buyers to acquire the interest rate, current principal balance, and other conditions of a seller's existing loan. AdvertisementGrace: An assumable mortgage is not a new loan, you're just taking over the owner's loan term and interest rate. Grace: We talked about the assumable mortgage for about a day and decided we were going to go for it. He put us in contact with an assumable loan expert, Mark McDonough, and he quickly became one of the most important people on our side. AdvertisementNow that our assumable mortgage is saving us about $2,000 each month, it makes the stress a little less because we have the option of having more money available.

Persons: —, Grace Lucchese, Mickey Ricard, Mickey, Ricard, It's, Mickey's, Grace Lucchese Mickey, Grace, Mark McDonough, they'd, Mark, Paul, We're, Grace Lucchese Grace, We've Organizations: Service, Business, Lucchese Locations: Westford , Massachusetts, Massachusetts, Lawrence, Framingham, Sudbury, Boston, The couple's Massachusetts

☆ I was a VIP tour guide at Disneyland. Here are 5 things I saw people regret when they visited the parks.
▼ + stars: | 2024-01-31 | by ( Amber Wainwright | ) www.businessinsider.com time to read: +4 min

I worked as a VIP tour guide at Disneyland and have seen guests regret how they spend their time. AdvertisementWhile working at Disneyland as a VIP tour guide, I noticed that plenty of guests regret how they spend their time in the parks. However, I've noticed that many park guests fail to remember that their outfits should also be functional. Don't miss a less busy park day because of a little bit of rain. Amber WainwrightGoing to the parks with friends is a lot of fun, but there are also perks to enjoying a park day alone.

Persons: —, Amber Wainwright, I've, it's Organizations: Service, Disney

☆ How my family of 4 spent nearly $10,000 on a Disney World vacation — and what we'll be cutting next time
▼ + stars: | 2024-01-18 | by ( Matt Cabral | ) www.businessinsider.com time to read: +7 min

My family of four recently spent nearly $10,000 on our eight-night trip to Disney World. Since we spent more than a day in each of our favorite parks, we didn't splurge on Genie+. AdvertisementWhen it comes to making magical memories at Disney World, my family of four has been there, done that, and gotten the T-shirt — and the collectible popcorn buckets. We spent our Epcot days sampling smaller bites around the World Showcase, which served as budget-friendly breakfasts, lunches, and dinners. Overall, if we return to Disney this year, we're going to rethink our dining budgetWe haven't decided whether we'll make it back to Disney World in 2024.

Persons: —, we've, Matt Cabral, Yehaa Bob Jackson —, Genie, We'd, Mickey isn't, it's, could've, Sally, we're, haven't, Heck Organizations: Disney, Service, Disney's Port, Christmas Party . Transportation, Port, Hollywood Studios, Animal Kingdom, Wine, Epcot, Christmas Party, Mad Tea Party, Tomorrowland Locations: Rhode Island, Orlando, Disney's Port Orleans, Providence , Rhode Island, Orleans, Riverside, Louisiana, Matt Cabral Port, Disney Springs, Kingdom, Epcot, USA

☆ Disneyland reopens Toontown, designed to be inclusive of 'every single guest'
▼ + stars: | 2023-03-17 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Parkgoers at Disneyland in Anaheim, California, will finally be able to return to Mickey's Toontown this weekend after a yearlong closure for refurbishment. The reimagined Toontown honors the space that first opened in 1993, keeping existing structures like Mickey and Minnie's houses in tact, albeit with a paint touch-up. But there's also quite a bit of new infrastructure for kids to explore — with an eye toward inclusivity. "We wanted Toontown to not only be exciting, but also decompressing and relaxing and welcoming." With that in mind, the Imagineers have introduced more green spaces within the land, places to have picnics, sit and unwind, or play freely.

☆ Disney needs to show investors it has a plan to make streaming profitable — and stop hemorrhaging money
▼ + stars: | 2023-02-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

Disney's direct-to-consumer unit, which includes streaming platforms Disney+, Hulu and ESPN+, has yet to reach profitability — losing nearly $1.5 billion last quarter. Those loses spurred Disney's board to push out then-CEO Bob Chapek and bring Iger back to the top job. In 2021 Disney spent $25 billion to produce original content, and the following year expanded its budget to $33 billion. Similarly, Macquarie's Nollen said Disney's advertising-based subscription tier for Disney+ is "a lever Disney can pull to raise revenue." "Lots of angry people ask me why I support Nelson Peltz for the Disney board, and I give a simple answer: What has this board done for its shareholders other than wipe out more shareholder money?"

I can often get Disney gift cards at a discountBuying gift cards at a discount means paying less for the gift card than the face value of the card. If you pay any amount less than $50 for a $50 gift card, then that's a discounted gift card. If I buy a $100 Disney gift card at Target each month, I'll have $1,200 after a year. However, if a customer does not have a Cash App Card, they can instead convert their gift card to cash in the app. While Costco doesn't sell Disney gift cards, they sometimes have Landry's gift cards, which can be used at the Rainforest Café and T-Rex Café at Disney World.

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