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Nate Bargatze’s theme park dreams are inching closer to reality. On Tuesday, at the International Association of Amusement Parks and Attractions’ preeminent industry conference, the IAAPA Expo, Bargatze announced that his company is partnering with Storyland Studios, a Southern California-based themed entertainment architecture and design firm. Together, they’ll explore both the concept and the feasibility…
Kansas City Chiefs star (and Taylor Swift’s fiancé) Travis Kelce is getting into the activist investing business. The NFL athlete, podcast host and burgeoning actor joined the activist investment firm Jana Partners in a bid to seek an overhaul of Six Flags, the theme park company that owns Knott’s Berry Farm, Cedar Point and Six…
The Walt Disney Co. is making a significant change in the C-suite of its experiences division, which oversees the company’s theme parks, cruise line and consumer products businesses. Kevin Lansberry, the CFO of Disney Experiences, will be retiring after 39 years with the company in February. Michael Moriarty, currently President and managing director of Hong…
In a deal that shakes up the U.S. theme parks business, Six Flags and Cedar Fair have agreed to merge, creating an $8 billion parks giant that the companies hope will be able to better compete with parks from the likes of the Walt Disney Co. and Comcast’s NBCUniversal. The all-stock deal will merge the…
Universal Studios Hollywood’s Super Nintendo World Opening in February Mario, Princess Peach and Bowser are racing into Universal Studios Hollywood with the opening of Super Nintendo World. The immersive theme park, situated within a newly expanded section of Universal, will offer guests a 360-degree experience based within the classic video game franchise’s Mushroom Kingdom when…
“Disney investor sues over company’s response to ‘Don’t Say Gay’ bill” A Disney investor claimed the Mouse House created a “far-reaching” financial risk for itself by opposing Florida’s controversial so-called “Don’t Say Gay” bill, according to a new lawsuit. The 22-page suit filed late Friday from investor Kenneth Simeone demands that Disney turn over its internal…
“Disney CEO Bob Iger thinks park ticket prices too steep” Bob Iger, who returned as Disney’s CEO in a surprise move last week, said prices at the Mouse House’s theme parks have become too steep — and that his predecessor Bob Chapek was “killing the soul of the company,” according to a report. Iger blasted…
“Bob Iger returning to Disney as CEO for two years” LOS ANGELES — Former Walt Disney Co. Chief Executive Bob Iger is returning to the media company as CEO, the company’s board said in a statement on Sunday. Iger, who retired from Disney at the end of last year after 15 years as chief executive, has…
“Disney World to raise prices as soon as next month” Disney World will hike ticket prices to its four parks next month — with the cost of entering the Magic Kingdom expected to nearly double for the holidays. The Mouse House, which reported record sales for the year in its fiscal report last week, announced…
“Disney Q4 profit takes hit despite more Disney+ subscribers” Walt Disney said Tuesday its marquee streaming service, Disney+, gained more subscribers than Wall Street had expected, but investment costs dragged quarterly earnings below analysts’ targets. Shares in Disney fell 5% in after-market trading. The entertainment company is spending billions to compete with Netflix and others for streaming television customers as traditional…