{"id":1985286,"date":"2023-07-28T16:22:02","date_gmt":"2023-07-28T20:22:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-dethroned-theme-park-competitor-hits-record-revenue-while-house-of-mouse-slumps\/"},"modified":"2023-07-28T16:23:44","modified_gmt":"2023-07-28T20:23:44","slug":"disney-dethroned-theme-park-competitor-hits-record-revenue-while-house-of-mouse-slumps","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-dethroned-theme-park-competitor-hits-record-revenue-while-house-of-mouse-slumps\/","title":{"rendered":"Disney&#8217;s Reign Overthrown? Rival Theme Park Surges as Disney Falters."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdisney-dethroned-theme-park-competitor-hits-record-revenue-while-house-of-mouse-slumps%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1985286&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The House of\u200b Mouse Faces Competition as \u200cRival Theme Park Soars<\/h2>\n<p>The House \u2062of Mouse continues to receive some\u2064 competition from its rivals.<\/p>\n<p>Comcast\u2019s Universal Studios \u2062theme parks earnings before interest, taxes, depreciation and amortization were up 32 percent, \u2062according to \u200c <a href=\"https:\/\/deadline.com\/2023\/07\/nbc-universal-comcast-peacock-super-mario-bros-1235449049\/\" target=\"_blank\" rel=\"noopener\">Deadline<\/a>.<\/p>\n<p>While Universal Beijing, \u200dUniversal Japan and Universal Hollywood all exhibited a\u200c boost, Universal Orlando\u2064 was slightly down.<\/p>\n<p>Comcast\u2062 President \u2062Michael \u2064Cavanagh told <a href=\"https:\/\/www.themeparkinsider.com\/flume\/202307\/9678\/\" target=\"_blank\" rel=\"noopener\">Theme Park Insider<\/a>, <\/p>\n<blockquote><p>\u201cParks\u2063 \u2026 continue to be such a great story for us.\u201d<\/p><\/blockquote>\n<p>\u201cOur \u2063teams have consistently introduced new and innovative attractions, leveraging both our owned or licensed [intellectual properties].\u201d<\/p>\n<p>And it rings \u2062true, as both the California and Japan parks gained Super Nintendo World \u2014 an interactive area based \u200bon the world where the wildly popular characters of\u2064 <a href=\"https:\/\/www.westernjournal.com\/disney-dethroned-super-mario-bros-poised-beat-time-animated-movie-record-gets-outstanding-96-rt-score\/\" target=\"_blank\" rel=\"noopener\">Mario<\/a>,\u200c Luigi\u200c and Princess Peach reside.<\/p>\n<p>While Japan\u2019s World has been <a href=\"https:\/\/www.cnbc.com\/2023\/02\/17\/super-nintendo-world-universal-studios-hollywood.html\" target=\"_blank\" rel=\"noopener\">open<\/a> since\u200d 2021, the <a href=\"https:\/\/www.westernjournal.com\/final-nail-coffin-hollywood-60-projects-major-stars-exempt-strike\/\" target=\"_blank\" rel=\"noopener\">Hollywood<\/a> location opened earlier this\u200c year.<\/p>\n<p>Orlando \u200bis \u2064 <a href=\"https:\/\/www.miamiherald.com\/detour\/article272613750.html\" target=\"_blank\" rel=\"noopener\">slated<\/a> to receive the\u2062 addition in\u2062 2025.<\/p>\n<p>Cavanagh believes the \u200bopening of \u2062these\u2062 additions helped drive the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/donald-trump-ends-negotiations-with-nancy-pelosi-on-coronavirus-relief\/\" title=\"Donald Trump Ends Negotiations with Nancy Pelosi on Coronavirus Relief\">record numbers<\/a> for the\u200c latest \u2064quarter.<\/p>\n<h3>Disney World Struggles as Wait Times Drop<\/h3>\n<p>Meanwhile, the House of Mouse isn\u2019t \u2064doing as\u200c well as its competition.<\/p>\n<p>Disney World recently <a href=\"https:\/\/www.westernjournal.com\/disney-getting-desperate-travel-expert-drops-major-clue-house-mouse-headed-toward-cliff\/\" target=\"_blank\" rel=\"noopener\">experienced<\/a> its slowest\u200b six-week stretch since 2021 and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/university-of-michigan-demands-1200-for-china-documents\/\" title=\"University of Michigan Demands ,200 for China Documents\">wait times<\/a> for rides continue to drop, according to <a href=\"https:\/\/finance.yahoo.com\/news\/wall-street-is-worried-disney-theme-parks-could-be-losing-their-magic-202137818.html\" target=\"_blank\" rel=\"noopener\">Yahoo Finance<\/a>.<\/p>\n<p>Using the Fourth \u2064of July as a baseline, the wait times have decreased in all parks \u2014 both in Florida and California.<\/p>\n<p>For example, Orlando\u2019s Magic Kingdom \u2062had an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">average wait time<\/a> of 47 \u2063minutes in 2019, with it declining to 31 \u200cminutes for 2021 and dropping again\u200c to 27 minutes for this year\u2019s holiday.<\/p>\n<p>To \u2064note, Universal\u2019s Orlando parks \u2062also\u2064 had a drop\u200d in wait \u200ctimes for this July 4th.<\/p>\n<p>Disney\u2019s CFO Christine McCarthy previously warned in May the\u2063 <a href=\"https:\/\/www.westernjournal.com\/two-hour-dud-disneys-newest-dumpster-fire-shredded-critics-cast-boycotts-premiere\/\" target=\"_blank\" rel=\"noopener\">company<\/a> was not going to have the best numbers for the latest \u200bquarter.<\/p>\n<p>\u201cPlease keep \u200din mind\u2062 that in the back \u200chalf of \u2063this fiscal year, there\u2064 will\u200d be an unfavorable comparison against the prior year\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-getting-desperate-as-house-of-mouse-heads-toward-cliff-we-dont-always-get-it-right\/\" title=\"Disney in Dire Straits as it Approaches the Edge: 'We Make Mistakes Too'\">incredibly successful 50th anniversary celebration<\/a>\u200b at Walt Disney World,\u201d McCarthy said.<\/p>\n<p>\u201cWe typically see some moderation in\u2064 demand as we \u200dlap these types of events, and third quarter-to-date performance has been in line \u2062with those historical trends.\u201d<\/p>\n<p>Disney may also see more competition in Oklahoma, as an <a href=\"https:\/\/www.westernjournal.com\/disneys-biggest-nightmare-red-state-building-2-billion-theme-park-rivals-magic-kingdom\/\" target=\"_blank\" rel=\"noopener\">Americana-themed park<\/a> is \u2064aiming for a fall 2026 \u200copening.<\/p>\n<p>The \u2064post <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/disney-dethroned-theme-park-competitor-hits-record-revenue-house-mouse-slumps\/\">Disney Dethroned? Theme Park \u2063Competitor Hits Record Revenue While House \u200cof Mouse Slumps<\/a> \u200c appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comcast&#8217;s Universal Studios theme parks saw a 32% increase in earnings before interest, taxes, depreciation, and amortization, posing competition to Disney. Universal Beijing, Universal Japan, and Universal Hollywood experienced growth, while Universal Orlando had a slight decline. Comcast President Michael Cavanagh shared this information with Theme Park.<\/p>\n","protected":false},"author":2019,"featured_media":1985287,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-1985286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1985286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2019"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1985286"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1985286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1985287"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1985286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1985286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1985286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}