Disney Plans June Opening for its New Theme Park in China

After a decade of planning and five years construction, The Walt Disney Company is set to open the Shanghai Disney Resort in the spring. The $5.5 billion project is a testament to the growing interest in bringing American entertainment brands to Chinese consumers. The 963-acre theme park, complete with an Enchanted Storybook Castle and a Mandarin version of “The Lion King” musical, is expected to be one of the largest Disney parks in the world. Disney already operates a park in Hong Kong. Continue reading Disney Plans June Opening for its New Theme Park in China

Disney COO Defends the Programming Bundle as TV Evolves

In the wake of pay TV subscriber losses and a falloff in content stocks, industry news has recently focused on the impact of the Internet, mobile apps and streaming services on traditional television. Disney chief operating officer Tom Staggs, who most analysts believe will be the successor to CEO Bob Iger, defended the future of ESPN and the programming bundle at an industry conference in Beverly Hills on Thursday. Staggs also suggested that Wall Street had overreacted to recent changes in the business and should not be so quick to dismiss the current model. Continue reading Disney COO Defends the Programming Bundle as TV Evolves

MagicBand Offers Seamless Experience for Theme Park Guests

Visitors of Walt Disney World Resort in Orlando can now enter the theme park, check in at FastPass entrances, and buy food and merchandise without ever having to reach for their wallets. That is because Disney recently introduced the MagicBand, a tech enabled wristband that transmits signals to various sensors throughout the theme park so that the consumer experience can be completely hassle-free. Each wristband is personalized and designed to anticipate the needs of anyone visiting the park.  Continue reading MagicBand Offers Seamless Experience for Theme Park Guests