The Walt Disney Company Shares Some Brief Highlights For Their Annual Report

As the year is coming towards a close and people are middle of their busy holiday shopping season, as The Walt Disney Company did share their wrap up for their annual report. As generally this is when the company reflects the highs and lows of what came out this year for them. The report is short and here’s what Disney released down below.

Source: (© Disney)

For their film and television division as Walt Disney Studios plans on releasing 50 titles, in comparison it was 40. As the highly anticipated “Avatar: The Way of Water” on December 16th will be the final film title for Disney for the year. Interesting enough as their tax report for the fiscal year was 32.8% and mainly for the spending on their divisions.

Disney owns 3 more acres in Anaheim than they did last year as a potential expansion “could be” coming to the Disneyland Resort in the next decade. If you recalled and was known as the “Disneyland Forward” project to help benefit the city of Anaheim for the local economy and creating jobs for hire people on. As previously Disney and the city council of Anaheim have had a long history for projects, that didn’t get approved and not meeting in the middle.

Source: (© Disney)

The company back on October 2nd, 2021 had about 190k employees and fast forward to October 1st, 2022 as the company has 220k employees for a whopping increase. The domestic theme park business is back up to speed and just 3,000 fewer than in 2019 prior to the pandemic.

Lastly for their Disney Cruise Line business got some brief updates. As of recent Disney is in the process for their second private island, known as “Lighthouse Point”. Details were announced at the D23 Expo back in September for it’s rich and beauty for the Bahamas culture. It will be located on the island of Eleuthera in the Caribbean.

Also the Disney Treasure was mentioned again to be delivered some point in fiscal 2024. The company purchased a partially completed ship for an amount that is not material from Global Dream. Disney Cruise Line will incur the cost to complete construction with total costs anticipated to be less for their recent fleet.

Source: Laughing Place


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