The Walt Disney Company Fourth Quarter And Full Year Earnings For Fiscal Year 2017

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BURBANK, Calif.–The Walt Disney Company (NYSE: DIS) reported the earnings for its fourth quarter and fiscal year ended September 30, 2017 yesterday (9 November 2017).

Diluted earnings per share (EPS) for the fourth quarter increased 3% from $1.10 in the prior-year quarter to $1.13 in the current quarter. Excluding certain items affecting comparability, EPS for the quarter decreased 3% from $1.10 in the prior-year quarter to $1.07. Diluted EPS for the year decreased from $5.73 in the prior year to $5.69. Excluding certain items affecting comparability, EPS for the year decreased from $5.72 in the prior year to $5.70.

“No other entertainment company is better equipped to navigate the ever-evolving media landscape, thanks to our unparalleled collection of brands and franchises and our ability to leverage IP across our entire company,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “We look forward to launching our first direct-to-consumer streaming service in the new year, and we will continue to invest for the future and take the smart risks required to deliver shareholder value.”

During the Earnings Results webcast,  it was  mentioned that this year Disneyland Paris (alongside Shanghai) was responsible for the increase in Parks and Resorts revenue – increase in all key areas (Attendance, Guest spending and hotel occupancy) partially offset by increased 25th investment and losses tied in with Villages Nature Resort.   Bob Iger also stated that “Disneyland Paris has had a full corporate restructure suitable to expand and grow this business”

The full report can be found here,  the section of interest to Disneyland Paris fans will of course be the Parks and Resorts summary which is reproduced below.

Parks and Resorts

Parks and Resorts revenues for the quarter increased 6% to $4.7 billion, and segment operating income increased 7% to $746 million. Operating income growth for the quarter was due to an increase at our international operations, partially offset by a decrease at our domestic operations, which were unfavorably impacted by Hurricane Irma. As a result of the hurricane, Walt Disney World Resort was closed for two days, and we canceled three cruise itineraries and shortened two others. Results at our international operations were due to growth at Disneyland Paris and Shanghai Disney Resort.

The improvement at Disneyland Paris reflected increases in attendance, guest spending and occupied room nights, partially offset by higher costs, driven by the 25th Anniversary celebration, and a loss from its 50% joint venture interest in Villages Nature.

Guest spending growth was primarily due to higher average ticket prices and food and beverage spending. The increase at Shanghai Disney Resort was due to attendance growth and lower marketing costs, partially offset by lower average ticket prices. The decrease in marketing costs reflected costs associated with the grand opening of Shanghai Disney Resort in the prior year.

The decrease in operating income at our domestic operations was driven by lower results at Walt Disney World Resort, partially offset by an increase at our cruise line, growth at Disneyland Resort and higher sales of vacation club units.

Lower results at Walt Disney World Resort were driven by higher costs and fewer occupied room nights, partially offset by growth in guest spending and attendance, although both were negatively impacted by Hurricane Irma. Higher costs were primarily due to increases in labor and employee benefits, depreciation and marketing. Guest spending growth was due to increased food and beverage spending and higher average daily hotel room rates. Available hotel room nights were lower due to refurbishments and conversions to vacation club units.

Growth at our cruise line resulted from higher average ticket prices.

Higher results at Disneyland Resort were due to increases in guest spending and attendance, partially offset by higher costs for new guest offerings and marketing. The increase in guest spending was primarily due to higher average ticket prices.

 

 

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Posted in Disneyland Paris

Official Go-Disneyland Paris Forum to close.

Disneyland Paris announced today that it will be closing its official internet trip planning Forum Go-Disneyland Paris on 30 November 2017.

The resort said “As part of our ongoing efforts to improve the quality of our website, we’re going to make a few changes to our Go-Disneyland Paris Forum”.

For technical reasons Disney will be unable to maintain all the site’s current features whilst these changes are being prepared.

Consequently they will switch the website to a “read only” mode, which means users will no longer be able to post messages but will be able to read existing content until their new, updated, more user-friendly Forum is launched at a later date.

Posted in Uncategorized

Euro Disney Shareholders Club to issue 10 year membership cards by December.

Le Club Actionnaires announced today that new membership cards will be sent to all active members of the Euro Disney Shareholders Club by December 2017.

The new cards will be valid for 10 years  and will expire on 31 December 2027.


Posted in Uncategorized

Disney Store Pops Up in Cambridge

This weekend ​we took a wander around the new Cambridge Pop Up Disney Store located on the first floor of the Grand Arcade shopping centre in St Andrew’s Street, Cambridge.

Considering it was a wet Saturday morning the store was quite busy.

Although it is a Pop Up store the good news is that the it will be open for at least a year.

Cambridge Disney Store
First Floor
Grand Arcade
St Andrew’s Street
Cambridge
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The opening hours are:

Monday 9am–6pm
Tuesday 9am–6pm
Wednesday 9am–8pm
Thursday 9am–6pm
Friday 9am–6pm
Saturday 9am–7pm
Sunday 11am–5pm

Posted in Uncategorized

Purge by Saudi Arabia’s King Salman sees former Euro Disney rescuer HRH Prince Al-Waleed bin Talal arrested.

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Former Euro Disney S.C.A. shareholder HRH Prince Al-Waleed bin Talal, has been arrested today for corruption and money laundering charges in what appears to be a purge by Saudi Arabia’s King Salman.

The Prince saved Disneyland Paris from bankruptcy and closure in 1994 when the Kingdom Holding Company bought a 10% stake in Euro Disney.  He also took part in several further recapitalisations and cash tender offers of the loss making resort, the most recent in 2014 before selling his shares to The Walt Disney Company this summer.

King Salman removed a host of prominent officials in a sweeping crackdown on Saturday.  Billionaire HRH Al-Waleed bin Talal, a member of the royal Saudi family, and one of the biggest shareholders of The Walt Disney Company, Citi Group, News Corp, Apple, and Twitter along with ten other senior princes, and some 38 ministers, were arrested on orders from the new anti-corruption committee headed by Crown Prince Mohammed bin Salman.

Saudi news outlets, including Al Arabiya, reported Al-Waleed bin Talal, was among those arrested.

In 2015, Bin Talal announced he would donate his entire fortune to help build a “better world of tolerance, acceptance, equality and opportunity for all.”

Posted in Disneyland Paris

Marvel Super Heroes to descend upon Disneyland Paris next summer.

This morning at the MCM London Comic Con being held at the ExCel exhibition centre in London,  Davd Bushore, Vice President Franchise Creative and Marketing for Marvel Studios,  and Mark Huffman, Creative Director of Disneyland Paris, announced that the Marvel Super Heroes are coming to Disneyland Paris during the summer of 2018.

Iron Man, Thor, Captain America, Spider-Man, Star-Lord and Black Widow will appear for the first time exclusively at Disneyland Paris at the Walt Disney Studios Park from 10 June 2018 to 30 September 2018 in a special Marvel Summer of Super Heroes season. 

The Marvel Super Heroes will feature in the Walt Disney Studios Park for exciting meet & greets and breathtaking, epic shows.

But that’s not all for Marvel fans at Disneyland Paris,  from October 2018 Disney’s Hotel New York will be closed and re-imagined into Disney’s Hotel New York – The Art of Marvel which will transport guests to the action-packed, inspiring world of Super Heroes including Iron Man, The Avengers, and Spider Man among others.  The hotel will open in 2020.


If your visiting the MCM London Comic Con this weekend don’t forget to pop along to the Disneyland Paris stand for your chance to win a two night holiday at the resort.

Don’t miss Marvel Summer of Super Heroes and join some of your favorite characters at Walt Disney Studios Park. 

It will be THE big event of 2018 and will close out what has already been an unbelievable celebration of Disneyland Paris’ 25th Anniversary.

Stay tuned for more updates on Marvel Summer of Super Heroes.

Posted in Uncategorized

Disney FanDaze Bloggers Event – Welcome Cocktail Reception.

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On Saturday Duffy and I had the honour of being invited along with 60 other bloggers to the Disney FanDaze Bloggers Event that was hosted by Disneyland Paris.   I took quite a few photos of the evening so I’m splitting the report into sections.

WELCOME COCKTAIL RECEPTION

The event commenced at 8:30 PM at the Walt Disney Studios Park but before it started we had to collect our credentials.

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The evening started with a short walk through the Walt Disney Studios Park which is illuminated beautifully at night to a Welcome Cocktail Reception being held in the Art of Animation building in the  Toon Studio  section of the park.

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Once inside the Art of Animation we were greeted by Goofy, Daisy, ShellieMay, Minne, Mickey, Duffy (the bigger one), Donald and Pluto who were all posing for a photo-shoot and dancing.

Mickey and the gang then circulated around the room so we could meet them and take photographs.

Duffy headed straight to the bar for a cocktail and to met a few of the other bloggers in attendance for chat.

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Following the drinks reception we all made our way towards Studio 1 for Dinner and the highlight of the evening the Disney FanDaze Presentation.

Posted in Disneyland Paris