Entertainment leviathan Disney revealed a slight drop in profits for the second financial quarter as the Japanese earthquake and poor box office returns took a toll. Disney Parks & Resorts Division was partially responsible, with operating profits down by three per cent to $145 million based on a seven per cent increase in revenue to $2.6 billion.
The highly anticipated Disney destination resort currently under construction on the Hawaiian island of O’ahu now has an official name and a dynamic new Web site offering an inside look at the project. The resort’s name - Aulani, a Disney Resort & Spa, Ko Olina, Hawai’i - reflects the company’s deep commitment to celebrating the islands’ rich history and traditions. Plans call for the first phase of the resort to open in fall 2011.
The Walt Disney Co. has a neat plan for giving its stores an extreme makeover – turn each store into an interactive mini-theme park. And for this job, they hired someone who knows a thing or two about running stores which interact with shoppers - Steve Jobs, assisted by Apple’s retailing hotshots.
Walt Disney is delaying the expansion of its Hong Kong Disneyland after failing to agree financing with the city’s government.The second phase of expansion to the world smallest Disneyland resort has been mired by the global downturn, which has resulted in visitors number to the resort failing to hit projections.