The Orlando Sentinel
reports that Disney's 1Q profits were up by 73%.
Disney recorded gains across its holdings. Disney World and Disneyland
both set quarterly attendance records, with combined attendance up 8
percent from a year earlier. Visitor spending was up 10 percent on
higher ticket prices as well as more food and souvenir sales.
Talking about the new MyMagic+ system...
Once it's up and running, Disney Co. Chief Financial Officer Jay
Rasulo said, the project is expected to boost Disney's bottom line in
several ways.
"If we can get people to plan their vacation before they leave home,
we know that we get more time with them, we get a bigger share of their
wallet," Rasulo said. "The second thing is what happens to purchases
when they become much more convenient and you don't spend time queuing
up for the transaction."
So, as if there was any doubt, it's all about the money.
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