The Walt Disney Company reported record revenue in its theme parks sector and strong gains in streaming, a rather unlikely situation of benefitting from both sides of the COVID-19 pandemic, as Disney+ added 11.8 million new subscribers while people flocked to its location-based U.S. venues. “We’ve had a very strong start to the fiscal year,” said CEO Bob Chapek, announcing “record revenue and operating income at our domestic parks and resorts, the launch of a new franchise with ‘Encanto,’ and a significant increase in total subscriptions across our streaming portfolio” for the company’s first fiscal quarter, ended January 1, 2022. Continue reading Disney’s Quarter Reflects Theme Park and Streaming Success

During last week’s Snap Partner Summit 2021, Snap showcased Spectacles, a new augmented reality version of its glasses that is not yet commercially available. Instead, the goal is to inspire creators to design new augmented reality experiences, with the aim of capitalizing on e-commerce. The company also updated the Scan feature, which, in concert with partners, allows use of the camera to identify everything from plants to dog breeds and car models. Chief executive Evan Spiegel said the moves are “a meaningful step forward in our platform strategy.” Continue reading Snap Introduces Augmented Reality Spectacles for Creators

In California, pending state and local government approvals, the Downtown Disney District will reopen on July 9, with Disneyland and Disney California Adventure following on July 17. Its Grand Californian Hotel & Spa and the Paradise Pier Hotel plan to reopen on July 23. In Florida, Walt Disney World got the green light for a July 11 reopening. Disney reaps one-third of its revenue from its parks and resorts. The company’s Shanghai theme park, which was the first to close, reopened last month. Universal Orlando reopened June 11, but the company hasn’t set a date to reopen Universal Studios Hollywood. Continue reading Disney Reveals Dates for Reopening California, Florida Parks