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A pirate ship-themed Las Vegas home that hit the market in July had 40 showings on its first day. They spent $100,000 transforming each room into a whimsical getaway before selling it. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. After buying the $76,900 house in 2010, the former owners spent the last 13 years and $100,000 transforming its rooms into a fictitious realm. The pirate ship-inspired home weaves a tale of the high seas into everyday living, offering an immersive experience for anyone who steps inside.
Persons: Ashea Lindell, Gray, Jack Sparrow, Lindell Organizations: Vegas, Pirates, Service, Disneyland Locations: Caribbean, Wall, Silicon, Las Vegas, Nevada, Lindell
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Read tips on how you can make your next trip greener and then check out the rest of the news from the world of travel this week. Lost bags are partly why luggage trackers have become the hottest travel accessory of 2023. If it’s the largest mirror-covered building in the world you’re looking for, though, the place to head is Saudi Arabia. If you’re a camping novice, our explainer tells you everything you need to know before you set out.
Persons: Read, Keen, Barry Sherry, , , Scott Keyes, we’re, There’ll, They’ve, Bon, New Englanders, Le Bec Sucre Organizations: CNN, Discovery Channel, Warner Bros, San Locations: Europe, That’s, California, Oklahoma, Las Vegas, Saudi Arabia, Rhode Island, France, New, San Francisco, Spain, Japan, Mexico, Tokyo
That’s pretty much all there is to say about “Haunted Mansion,” a live-action branding opportunity from Disney “inspired by” its theme-park attraction of the same name. “Haunted Mansion” is unlikely to do the same. (A 2021 Halloween special, “Muppet Haunted Mansion,” is streaming on Disney+.) The first film, “The Haunted Mansion” (2003), starring Eddie Murphy, was widely panned but made millions. I hope that Disney paid Simien truckloads of money to direct “Haunted Mansion,” and that he had more fun making it than I had watching it.
Persons: , Eddie Murphy, Elvis Mitchell, Mario, “ Barbie ”, Justin Simien, , Simien, it’s Organizations: Disney, Pirates, New York Times, , Mario Bros, Netflix Locations: Disneyland, Anaheim , Calif, , Orleans,
In lieu of the film's stars who are on strike, theme park character actors took to the red carpet. Director Justin Simien attended the premiere but said he supported the actors on strike. Disney used its theme park actors on the red carpet after stars of the company's "Haunted Mansion" reboot skipped the film's premiere in solidarity with the SAG-AFTRA actors' strike. According to The Hollywood Reporter, instead of having actors walk the red carpet on Saturday, Disney rolled out several of its theme park actors. —The Hollywood Reporter (@THR) July 16, 2023Director Justin Simien and some of the film's producers also showed up halfway through the event to walk the red carpet, the outlet reported.
Persons: Justin Simien, Tiffany Haddish, LaKeith Stanfield, Danny DeVito, Rosario Dawson, Chase W, Dillon, Dan Levy, Jamie Lee Curtis, Hasan Minhaj, Marilu Henner, Lindsay Lamb —, AFTRA, Mickey Mouse, Minnie Mouse, Maleficent, , Simein, Katie Dippold, Simien, Disney Organizations: Disney, Morning, SAG, Hollywood Reporter, Writers Guild of America, Hollywood, Guild of America Locations: California
Disney's ongoing feud with Ron DeSantis is certainly a factor. Ron DeSantis, it's pretty clear that the park's problems run deeper than a political beef. While crowd sizes are down in the US parks, revenue is up at international Disney parks such as Disneyland Hong Kong. Despite the DeSantis dust-up, the park's biggest issue has nothing to do with politics — Disney World is damn expensive. Ron DeSantis Paul Hennessy/SOPA Images/LightRocket via Getty ImagesIt's also clear that a cut back on vacationing is not the issue.
Persons: Ron DeSantis, Disney execs, Li Zhihua, execs, DeSantis, , Ron DeSantis Paul Hennessy, Courtney Garcia, Garcia, Samantha Delouya, Bob Iger Organizations: Disney, Service, Walt Disney, Florida Gov, Wall Street Journal, Hollywood Studios, Shanghai Disney Resort, Hong Kong Disneyland, China News Service, — Disney, Getty, TSA, Payne Capital Management Locations: Wall, Silicon, Magic, Shanghai, Paris, Hong, Hong Kong, Florida
Mark Zuckerberg bills Threads as a space for kindness — but he's not above using it to ding Elon Musk. Threads arrives as Twitter has another disastrous week. As the Meta chief put it on the new Threads app, the vision is "to create an open and friendly public space for conversation" for 1 billion-plus people. It's a highly calculated move to release a Twitter clone in a week of Twitter chaos. Threads can only be so friendly then if its growth, for now, comes from the conflagration at Twitter.
Persons: Mark Zuckerberg, Elon, Mark Zuckerberg's, Kevin Tan, Zuckerberg, hasn't, sassing, Elon Musk, Shona Ghosh, let's, It's Organizations: Twitter, SpaceX
Linda Yaccarino is entering her second month as Twitter's CEO under Elon Musk's ownership. Linda Yaccarino is making an effort to get to know some of her new Twitter staff. The Twitter CEO, who started in early June after being handpicked by owner Elon Musk, has hosted two gatherings with Twitter workers, according to people familiar with the events. This past week Yaccarino hosted one Tea Time in Twitter's New York City office after hosting the first a few weeks ago in the San Francisco office. Her Tea Time gatherings are, in part, an effort to motivate Twitter's employees to want to come into the office.
Persons: Linda Yaccarino, Musk, Elon Musk, Yaccarino, Kali Hays Organizations: Elon, Twitter, NBCUniversal Locations: Twitter's New York City, San Francisco, khays
Opinion | Corporate Gay for Pay
  + stars: | 2023-06-30 | by ( Max Wittert | Damien Saatdjian | Sam Whitney | ) www.nytimes.com   time to read: +1 min
Every June, it seems more and more corporations are trying to speak to and for the L.G.B.T.Q.I.A.+ community during Pride Month. This year was no different, even in the face of rising homophobia and anti-trans legislation. Whether it was Bud Lite partnering with a prominent trans influencer or the C.I.A. posting a banal message of inclusivity or Disneyland’s Clarabelle Cow being called a rising queer icon after serving in a rainbow dress during the park’s inaugural Pride Nite, companies are clamoring for a chance to make Pride about them. But is this representative of a genuine interest in diversity, inclusion and furthering the acceptance of queer identities, or is it rainbow washing — an attempt at capturing the attention and business of a growing consumer demographic?
Persons: Bud Lite, Max Wittert Organizations: Pride
ANAHEIM, California, June 30 (Reuters) - For the first time ever, Marvel fans will be able to watch heroic super soldier Steve Rogers sing and dance on stage in Disneyland Resort's one-act musical theater production “Rogers: The Musical.”As part of Walt Disney's (DIS.N) 100th anniversary celebration, Disneyland opened the 30-minute musical on Friday at the Hyperion Theater in Disney California Adventure Park. “Rogers: The Musical” was introduced as a fictional Broadway musical in the first episode of the Disney+ miniseries “Hawkeye,” a show about the superhero Clint Barton, an archer who uses high-tech weaponry. What if we could turn 'Rogers: The Musical' into a real show?’" Dan Fields, executive creative director for Disney Live Entertainment, told Reuters. In addition to Steve Rogers, audiences can expect to see characters Peggy Carter, Nick Fury and some of the Avengers members as they go from Steve’s origin story into the future. “Rogers: The Musical” will perform multiple times per day, Tuesday through Saturday most weeks.
Persons: Steve Rogers, “ Rogers, Walt Disney's, Hawkeye, , Clint Barton, Rogers, Dan Fields, America, Christopher Lennertz, Kevin Feige, ” Fields, Peggy Carter, Nick Fury, Danielle Broadway, Mary Milliken, Cynthia Osterman Organizations: Marvel, Disneyland, Hyperion Theater, Disney, Disney California Adventure, Disney Live Entertainment, Reuters, Disney Convention, Adventure, Thomson Locations: ANAHEIM, California, Disney California,
Casa Bonita, a 50-year-old Mexican restaurant in Colorado, reopened after a $40 million renovation. South Park creators Matt Stone and Trey Parker bought the joint, which was featured in their show. The series, which is set in the fictional small town of South Park, Colorado, features Casa Bonita in an episode in its seventh season. Trey Parker (left) and Matt Stone, the creators of South Park, purchased Casa Bonita in 2021. The zany interior of Casa Bonita, pictured in 2019, has been remodeled, while still being faithful to the original, the new owners have said.
Persons: Matt Stone, Trey Parker, , Araya Doheny, Casa Bonita's, Fox31, Axios, It's, Hyoung Chang, Stefanie Jones, Jones Organizations: Casa, Service, The Denver Post, Casa Bonita, Employees, Denver Gazette Locations: Casa Bonita, Colorado, Lakewood , Colorado, South Park , Colorado, Park, Bonita, Denver
It's difficult to stay bullish on Disney with multiple of its best-known business units facing challenges, according to KeyBanc. Analyst Brandon Nispel downgraded shares of the media and entertainment giant to sector weight from overweight. Nispel said expectations for the park business appear too high, and tough comparable periods are not adequately baked into those expectations. Disney+ and Hulu have both seen subscriber growth stagnate, with net losses expected in the third fiscal quarter. KeyBanc research shows interest in sports on linear TV is high but a willingness to pay for it on streaming is lower.
Persons: Brandon Nispel, Nispel, Disney's, — CNBC's Michael Bloom Organizations: Disney, Walt Disney, Hulu, ESPN, Pixar
Roxana García sat in a packed classroom on a recent night in Jackson Heights, Queens, with 38 strangers — a chef, an I.T. technician, and a business manager among them — all with a single goal: To get a job in construction, one of the few industries open to New York’s surging migrant population. Ms. García, 36, a nurse who flew to New York three months ago from Guayaquil, Ecuador, with her partner and two children, has subsisted since then on housecleaning jobs, but in construction, she sees a future: being able to afford better care for her prediabetic teenager and the means to take her family to Disneyland. “I came here with a suitcase full of dreams,” she said in Spanish. “If I can make this into a career, that would be excellent, because I can’t focus on what I once was.”
Persons: Roxana García, García, Locations: Jackson Heights , Queens, New York, Guayaquil, Ecuador
VidCon, the conference for creators, professionals, and fans returned this year in Anaheim, CA. Last week, creators and industry professionals came together at the Anaheim Convention Center for VidCon. Beyond the panels, parties, and meet-and-greets, the real magic of VidCon was happening offsite, at nearby restaurants and bars where brands, agencies, and startups hosted exclusive invite-only mixers. At this year's VidCon, the divide between creator and fan faded, and many attendees identified with both. Snapping a photo with a successful creator became less valuable than actual time spent learning the secrets to their success.
Persons: Colin, Samir, Amber Tarshis, Instagram Organizations: YouTube, Cannes Lions, Anaheim Convention, VidCon Locations: Anaheim , CA, Anaheim
Restaurant owners say the trend shows just how often things go missing at their establishments. Restaurant owners told Insider that customers who deploy the five-finger discount have been around for as long as they can remember but TikTok has given people an opportunity to share their exploits. "I actually have to stock them in my apartment," he told Insider. Some restaurant owners are trying to look at the bright side. Occasionally, he said, he's even seen people post videos of house parties where, in the background, he can see partiers drinking out of one of his bar's glasses.
Persons: , Chris Klemens, Klemens, , Andrew Rigie, Chapman, Wil Dee, Dee, Mathias Van Leyden, Loulou, he's, Petit, Dee hadn't, Van Leyden, they're, Sands, Fritz Brogan, Brogan Organizations: Service, New, Hospitality Alliance, Orange County, Food & Wine, Mission, Royal Sands Social Locations: New York, Orange, Southern California, Orange , California, Manhattan, Washington, DC
Disney CEO Bob Iger has reorganized the company into 3 core units: entertainment, ESPN, and parks. Parks' growing prominence comes as the company faces looming decisions over Iger's CEO. Travel bans "dramatically impacted" results for Disney Parks during the intense early years of the coronavirus pandemic, Heger noted, adding that parks are now generating more revenue and operating profit than they did in pre-COVID times. The parks' success is "helping to offset" losses from Disney's "DTC," or direct-to-consumer streaming business, Heger added. Josh D'Amaro, the current chairman for Disney Parks, Experiences, and Products, would be a likely figure appearing on any shortlist of CEO contenders.
Persons: Bob Iger, Parks, It's, Dave Heger, Edward Jones, Heger, AECOM, Iger, Josh D'Amaro, Christine McCarthy —, Iger's, Bob Chapek, Ron DeSantis, Chapek, Hollywood creatives, Tom Staggs, Iger —, , Chapek's, it's, you've, Jeffery Merola, he'd, DeSantis, Reed Alexander Organizations: Disney, ESPN, Disney Parks, Walt Disney, Disneyland, Products, Florida Gov, Hollywood, Los Angeles Times, Sunshine State Locations: Tokyo, Shanghai, Orlando , Florida, Anaheim , California, execs, Chapek, Syracuse , New York, Orlando
The 2024 presidential candidate on Thursday jabbed Newsom about how he hadn't entered the presidential race to challenge President Joe Biden. Like DeSantis, Newsom cruised to reelection and will be term-limited out in 2026. But unlike DeSantis, 44, Newsom is sitting out the White House contest. DeSantis accused California of encouraging illegal immigration through establishing sanctuary cities, while Newsom called DeSantis a "small, pathetic man" and threatened to consider kidnapping charges. He encouraged Floridians to relocate to California in a direct messaging foil to DeSantis boasting about "the free state of Florida."
Persons: Newsom, DeSantis, Joe, , Ron DeSantis, Gavin Newsom, jabbed Newsom, hadn't, Joe Biden, Biden, Fox News Sean Hannity, didn't, it's, Floridians Organizations: Fox, Service, Gov, Democratic Gov, White, Democratic Party, Fox News, Walt Disney Company, Democracy Locations: Florida, California, Texas, Sacramento, Anaheim , California
Adventures by Disney is relaunching a 24-day private jet around-the-world tour of its theme parks. In addition to visiting all 12 amusement parks like Tokyo Disneyland and Paris Disneyland, guests will also travel to three iconic landmarks: the Taj Mahal, the Pyramids of Giza and the Eiffel Tower. The private jet has a dedicated flight crew, an in-flight chef, three staff members, and a traveling physician. The two Disney private jet adventures are slated for 2024. The tour will stop in nine locations: Anaheim, California; San Francisco, California; Tokyo, Japan; Shanghai, China; Hong Kong, Agra, India; Cairo, Egypt; Paris, France; and Orlando, Florida.
Persons: Taj Mahal Organizations: Disney, Eiffel, Disneyland Hotels Locations: Tokyo, Paris, Giza, Los Angeles, Orlando, Anaheim , California, San Francisco , California, Japan, Shanghai, China, Hong Kong, Agra, India, Cairo, Egypt, France, Orlando , Florida
OPEN THROAT, by Henry HokeThere is a moment toward the end of “Open Throat,” Henry Hoke’s slim jewel of a novel, where the narrator, a mountain lion living in the desert hills surrounding Los Angeles’s Hollywood sign, falls asleep and dreams of Disneyland. We first meet the mountain lion — who uses they/them pronouns, per the publisher’s description, and identifies as queer — in somewhat happier times. Although hungry and losing their natural habitat to commercial development, they enjoy eavesdropping on privileged hikers as “they decide what is good or bad about their therapists,” and visiting “town,” where their “people” live: an encampment of unhoused people whose eventual eradication forces the mountain lion to flee. Told in fragmented prose (I have the urge to reproduce it here with line breaks intact, like poetry), “Open Throat” follows this survival journey as we learn about the lion’s past loves and losses in crushing flashbacks. “A father to a kitten is an absence,” the lion remembers, “a grown cat to a father is a threat.”
Persons: Henry Hoke, ” Henry, sharer ”, Organizations: Hollywood Locations: ,
Insider turned to Disney CEO Bob Iger's 2019 book for insight on how he navigates challenges. As Florida's largest attraction with more than 70,000 jobs, Walt Disney World is crucial to both the company and the state. During his first tenure at Disney, Iger orchestrated the $4 billion acquisition of Marvel without a single leak. Under predecessor Disney CEO Michael Eisner, board members said they worried that Marvel was "too edgy" and "would tarnish the Disney brand." File photo of Disney CEO Bob Iger.
Persons: Ron DeSantis, Bob Iger's, Walt, Robert Iger, Iger's, Bob Chapek, DeSantis, Donald Trump, Disney, Iger, Steve Jobs, Jobs, Bob Iger, Chris duMond, Neilson Barnard, Scott Miller, Miller, that'd, Biden, he's, gunning, Charles Sykes, Paul Hennessy, Michael Eisner, Marvel, Harris, There's, Griffin, George Lucas, Roy Disney, Walt Disney's, he'd, they've, Lucas Organizations: Disney, Florida Gov, Morning, Walt Disney, Republican Gov, Walt Disney Co, Walt Disney Company, ABC, Pixar, Marvel Entertainment, LucasFilm, Century Fox, Marvel, Apple, Getty, Democrat, Bloomberg, Walt Disney World, Board, GOP, Reuters, Republicans, Harvard, Independents, Twitter, Bauer, Jobs, iTunes, Lucasfilm Locations: Florida, Orlando, Shanghai, American, China
[1/3] A man looks at his phone as he passes by a screen advertising Walt Disney's streaming service Disney+ in New York City, U.S., November 12, 2019. The division ended the quarter with an operating loss of $659 million, compared with $1.1 billion in the prior quarter. At the same time, total subscribers to the flagship Disney+ service dropped by 4 million to 157.8 million. Inge Heydorn, a fund manager at GP Bullhound, said a question for investors is: "are the trade offs from lower marketing costs leading to lower subscribers?" "We've only just begun to scratch the surface of what we can do with advertising on Disney+," Iger said on a conference call with analysts.
The company plans to expand its streaming offerings by the end of the year with a new app that combines Disney+ and Hulu, Chief Executive Bob Iger said. Total subscribers to the flagship Disney+ service dropped by 4 million from the previous quarter to 157.8 million. Most of the defections came from the Disney+ Hotstar offering in India after it lost streaming rights to Indian Premier League cricket matches. "Striking a fine balance between customer acquisition versus financial performance is no easy feat." As Disney tries to build streaming, its traditional television business faces hurdles.
Botton line We've been saying for weeks that fiscal Q2 was not the one to rush in and get in ahead of. Not represented in the table, the Q2 loss was also smaller by $400 million quarter over quarter. Furthermore, management acknowledged churn could be a potential issue for one more quarter before returning to domestic sub-growth in the fiscal fourth quarter. As for theme park sales, this profitable growth engine remains in great shape, jumping nearly 38% to $6.76 billion in fiscal Q2. Iger's Strategy Updates Alongside fiscal Q2 results, we got some more news on the strategic changes Iger has for the company, about six months into his return as CEO.
New York CNN —Disney laid out the profit plan for Disney+ streaming service on its investor call after reporting its most recent quarterly results, and it’s likely not going to make its customers very happy. It entails cutting back on the content offered, selling more ads and charging higher subscription fees. The company’s ongoing efforts to trim losses and begin to make profits on its streaming business could disappoint some of the people who have enjoyed Disney+, however. “It’s critical we rationalize the volume of content we’re creating and what we’re spending to produce our content,” Iger said about the cuts to the streaming service. Iger said Disney is still learning the proper business model for streaming as it makes the transition.
To understand the forces that have been roiling the biggest media companies, look no further than Disney’s earnings. Disney said on Wednesday that losses in its streaming business for the most recent quarter totaled $659 million, an improvement from a year earlier (and a vast improvement from the October-to-December period, when losses totaled $1.1 billion). Streaming revenue climbed 12 percent, reflecting a sharp increase in revenue per paid Disney+ subscriber, a metric investors watch closely. Disney’s linear networks (ESPN, Disney Channel, ABC, National Geographic, FX) reported $1.8 billion in operating income, down 35 percent from a year earlier. Operating profit in the company’s Parks, Experiences and Products division climbed 22 percent, to $2.2 billion, as Disney resorts in Shanghai and Hong Kong finally began to recover from the pandemic.
Financial hub Hong Kong is one of the world's most expensive cities. On Monday, the city raised its minimum wage by 32 cents to about $5.1 per hour. A wage hike of 2.5 Hong Kong dollars, or roughly 32 cents, means that Hong Kong's minimum wage is now 40 Hong Kong dollars per hour — a 7% increase from 37.50 Hong Kong dollars previously, per the announcement. In 2022, Hong Kong was the most expensive city to live in, according to consulting firm Mercer's cost of living list of over 200 cities. The society added the minimum wage should be at least 53.40 Hong Kong dollars — 30% over the current level.
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