Planned Disneyland expansion in California clears major hurdle [Reuters]
Walt Disney Company (The) (DIS)
Last walt disney company (the) earnings: 2/4 04:05 pm
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Source: Reuters
, opens new tab Southern California theme parks over the next 40 years. The Anaheim city council approved a plan, called DisneylandForward, that one researcher estimated would create as many as 4,520 construction jobs per year of development and an additional 26,764 parks-related positions over the coming decades. A second procedural council vote, to consider zoning changes, revisions in the city's development agreement with Disney and an analysis of environmental impacts, is scheduled for May 7. If adopted, the changes would take effect after 30 days, clearing the way for Disney to invest a minimum of $1.9 billion in new theme park experiences and lodging over the next decade. Parks have become a reliable profit engine for Disney and have helped cushion losses in the Disney+ streaming business, which is expected to become profitable by September. The company last year announced it would deepen its investment in its parks, and double the capacity of its cruise line, committing
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DIS
Earnings
- 2/7/24 - Beat
DIS
Sec Filings
- 4/17/24 - Form 8-K/A
- 4/9/24 - Form 8-K
- 4/3/24 - Form 8-K
- DIS's page on the SEC website