DLW 299: Walt Disney Company Earnings Reaction

August 16, 2023

This week, a new Magic Key Holder event, two longer term projects should be wrapping up soon, space is taking a break, a new shopping experience is coming to DCA, Imagineering is looking into AI, we talk about the recent Disney Company earnings, and more!

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There is a new themed event exclusive to Magic Key Holders. The Magic Key dance party takes place in Disney California Adventure Mondays through Thursdays from August 14th through August 31st in the Disney Junior Theater from 6-9pm. There will be character meet and greets, photo ops, and a Magic Key magnet party favor. – https://www.mouseplanet.com/13388/Disneyland_Resort_Update_for_August_14_2023#news3

A rethemed eatery in New Orleans Square is nearing completion. Tiana’s Palace, which was rethemed from the French Market, is looking closer and closer to completion. Tables and chairs are setup and ready, the exterior themeing appears complete, and work is wrapping up on what can be seen on the inside. At this point, it looks like it could open at any time. – https://www.disneyfoodblog.com/2023/08/13/new-look-at-tianas-palace-restaurant-reveals-big-change/

Fans of the Adventureland Treehouse can cheer! Much of the scaffolding around the attraction has come down and many of the new sections can be seen by guests. The work looks to be wrapping up, with an opening date still unannounced. Judging by the amount of work left to complete, it should be open in the next couple of months. – https://dlnewstoday.com/2023/08/photos-reimagined-adventureland-treehouse-revealed-as-scrims-and-scaffolding-removed-at-disneyland-park/ https://dlnewstoday.com/2023/08/changes-to-password-sharing-coming-soon-for-disney/ https://www.disneyfoodblog.com/2023/08/14/construction-on-disneys-adventureland-treehouse-is-almost-complete/

A popular Tomorrowland attraction which rarely closes for refurbishment will be closing on September 18th. Space Mountain is scheduled to close with no posted reopening date at this time. It is too late in the season for the Ghost Galaxy overlay, but there have been reports of the light tunnel at the beginning of the attraction not working properly. – https://dlnewstoday.com/2023/08/space-mountain-closing-for-refurbishment-beginning-september-18-at-disneyland-park/

Tiki fans should be happy to hear about a couple of new items that have arrived at the resort. There is a Trader Sam’s Enchanted Tiki Bag, which is made of woven straw and has embroidery, beads, and shells. It can be found at Disney’s Fantasia Shop at the Disneyland Hotel. The other item is a chip and dip bowl set for $69.99. The set looks like half of a barrel with Trader Sam’s written on the side. The coral reef bottom is split into sections for dips. This is available at the Adventureland Bazaar. – https://dlnewstoday.com/2023/08/new-trader-sams-enchanted-tiki-bar-bag-available-at-disneyland-resort/ https://dlnewstoday.com/2023/08/new-trader-sams-chip-and-dip-bowl-set-available-at-disneyland-resort/

A new shopping experience is coming soon to Avengers Campus! Avengers Vault is the name of the new location that will open mid-September in part of the Avengers Headquarters building, under the Quinjet. Infinity Saga relics will be sold along with other Avengers merchandise. The new shop will replace the Super Store featuring the Avengers. That location will close on September 14th. – https://dlnewstoday.com/2023/08/new-avengers-vault-retail-location-opening-this-september-in-avengers-campus-at-disney-california-adventure/

McDonald’s is partnering with Disney to offer a new sauce to help promote the second season of the Disney+ show Loki. The new sauce will be sweet and sour and available like any other sauce. The Loki inspired sauce is available for a limited time, so head to McDonald’s if you want to try it! – https://dlnewstoday.com/2023/08/mcdonalds-disney-unveiling-a-special-sauce-for-loki-season-2/ https://twitter.com/McDonalds/status/1688567373811331073

The new Disney card game Lorcana has released its final trailer ahead of the launch of the game later this week. Disney Lorcana was announced and some of the cards were shown off at the D23 Expo last year. The game is similar in play style to Magic: The Gathering, and Pokemon. – https://dlnewstoday.com/2023/08/video-ravensburger-releases-new-video-teasing-the-narrative-of-disney-lorcana/

Disney and Walt Disney Imagineering are creating a task force to explore AI possibilities. Imagineering has already used AI in at least one project that has already been shown to guests. The Baby Groot character in DCA used AI to help give life to the character. Disney is looking to use AI to enhance customer support, and create new experiences for guests.  – https://dlnewstoday.com/2023/08/disney-creates-ai-task-force-to-explore-future-use-for-movies-theme-parks-and-more/

This past week, The Walt Disney Company had its quarterly earnings call. Disney CEO Bob Iger commented that he sees three growth segments of the business: the film studios, the theme parks, and streaming. That is great news for park fans. Attendance and earnings were up for Disneyland and way up for international parks. Walt Disney World is in a slump post-50th anniversary. – https://dlnewstoday.com/2023/08/disney-parks-resorts-reports-13-increase-8-3-billion-in-revenue-for-third-quarter-2023/ https://dlnewstoday.com/2023/08/losses-shrink-savings-target-of-5-5-billion-exceeded-in-22-3-billion-third-quarter-2023-for-the-walt-disney-company/ https://www.micechat.com/364021-disneys-q3-earnings-call/

During the earnings call, the subject of Disney+ password sharing was mentioned. CEO Bob Iger commented that they are looking into it and will address password sharing on the platform in 2024. This follows Netflix, which has already successfully started cracking down on the common practice. – https://dlnewstoday.com/2023/08/changes-to-password-sharing-coming-soon-for-disney/

Discussion Topic:

Walt Disney Company Earnings Call

MiceChat Earnings – https://www.micechat.com/364021-disneys-q3-earnings-call/

Blog Mickey Parks Revenue – https://blogmickey.com/2023/08/disney-parks-posts-8-3-billion-in-revenue-for-q3-2023/

WDW Attendance – https://blogmickey.com/2023/08/lower-disney-world-attendance-planned-closure-of-galactic-starcruiser-drags-down-domestic-revenue-international-parks-shine-in-q3-earnings-report/

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