Disney wowed buyers via saying its 7th theme landscape will likely be in Abu Dhabi. CEO Bob Iger is hoping to seize one of the vital 39 million vacationers who discuss with the capital of the United Arab Emirates. (Disney)
Disney CEO Bob Iger turns out to have reignited the media immense’s necromancy, with a number of Wall Side road corporations turning extra favorable at the secure nearest it unveiled plans for a theme landscape in Abu Dhabi, the capital of the United Arab Emirates.
This may be Disney’s 7th theme landscape.
Stocks received about 13% over the week two classes thru Thursday’s near, with Morgan Stanley, UBS, Barclays and Loop Capital all elevating value goals at the secure to between $120 to $125 in step with percentage.
| Ticker | Safety | Latter | Trade | Trade % |
|---|---|---|---|---|
| DIS | THE WALT DISNEY CO. | 105.12 | +3.03 | +2.97% |
This means an upside of nineteen% from stream ranges. Ahead of the inside track, Disney stocks have been indisposed 17% for 2025.
“It was very obvious to us that there were many people, basically hundreds of millions, in the world that are income-qualified where a trip to one of our six locations was pretty lengthy in nature and expensive. And so we felt the best way, obviously, to reach those people is to basically bring our product to them,” Iger stated throughout the corporate’s income name.
The unutilized landscape will likely be Disney’s 7th. (Walt Disney Corporate)
“We talk about it being at [the] crossroads of the world: 500 million income-qualified people live within four hours; 120 million people will come through Dubai and Abu Dhabi this year alone. Abu Dhabi estimates that 39 million tourists will visit Abu Dhabi by 2030. That says a lot,” he stated.
Past Iger stated there aren’t any quick plans for an 8th landscape, he didn’t rule it out once in a while as the corporate has in the past mentioned “turbocharging that business with investment capital.”
DISNEY ELEVATING THEME PARK DINING
Miral Workforce, primarily based in Abu Dhabi, will assemble the undertaking.
First-quarter effects have been additionally more potent than anticipated with revenues emerging 7% to $23.6 billion presen adjusted income in step with percentage have been $1.45. The media immense additionally lifted its annual forecast to $5.75, up from $5.30.
Disney additionally plans to take a position $30 billion within the Florida and California grounds, this as Common plans to tackle Disney with its unutilized landscape all set to seen mid-Might at Common Orlando Lodge, the most important U.S. theme landscape to seen in 20 years.
UNIVERSAL TAKING AIM AT DISNEY WITH NEW PARK
Bob Iger (Charley Gallay/Getty Pictures for Disney)
Iger returned to the CEO suite nearest a cut stint in resignation, following a short lived tenure of tumult with former CEO Bob Chapek marked via political clashes with Florida Gov. Ron DeSantis over the “Don’t Say Gay” invoice and worker backlash, amongst alternative demanding situations.
He and his board after effectively defeated activist investor Nelton Peltz in a proxy combat that cleared the best way to go back to the fundamentals.
“I want to thank our shareholders for their trust and confidence in our board and management,” Iger stated in April 2024, including that the corporate used to be “eager to focus 100% of our attention” on “growth and value creation for our shareholders and creative excellence for our consumers” now that the proxy combat has ended.
