They also indicate when their closed parks can reopen.
While a 2021 first quarter earnings call probably sounds a bit too crazy for the typical Disney fan (and they’re probably right to think so!), They also tend to have a few bits of information worth mentioning. At a time when Disneyland Resort guests are looking for some hope about the future of SoCal’s theme parks, which have been closed since March 2020, knowing that there are still plans to open up the Marvel-themed land. Avengers Campus at Disney California Adventure later this year means things are going full steam ahead.
During the call, Bob chapekThe CEO of The Walt Disney Company acknowledged the tragic toll COVID-19 has taken on too many lives. While the pandemic remains very serious and continues to present numerous obstacles for businesses and communities around the world, the safety of park visitors remains a high priority for Disney and the increased availability of a vaccine is encouraging as that will mean for all aspects of entertainment.
With California construction crews working hard on both Avengers Campus Y Mickey and Minnie runaway trainWhich is a cutting-edge attraction set to open at Disneyland in 2023, the now-reopened Walt Disney World in Florida is also moving forward with two upcoming EPCOT attractions: Remy’s Ratatouille Adventure and the Marvel-themed roller coaster Guardians of the Galaxy: Cosmic Rewind – in an effort to make it more Disney, more familiar, more timeless and more magical, according to Chapek. Progress is also being made in the long-awaited Star Wars: Galactic Star Cruiser hotel. Internationally, work continues on the first fully immersive Zootopia-themed ground at Shanghai Disneyland.
It was also announced that Disneyland and Disneyland Paris are expected to be closed for the entirety of the second quarter, but Hong Kong Disneyland is expected to reopen in the quarter. When to open each park that is closed and when to increase capacity in parks that are already reopened (Walt Disney World is currently operating at 35% capacity) will remain somewhat difficult to determine, as Disney works to balance adequate security. Measures with providing a great guest experience, but it’s good to hear that it’s clearly a top priority.
Also on the call, Disney + and its 94.9 million subscribers were discussed in just over a year since its launch. Chapek talked about how success stories like The mandalorian Y WandaVision They have shown that the wealth of intellectual property in their collection of brands and franchises truly provides them with endless possibilities with stories and characters. They continue to be flexible when it comes to publishing their titles and how to best make them available to the public, whether it’s through a theatrical-only release, a combination of access to theaters and Disney + Premier, or straight to streaming. , and while I still intend to have a theatrical release for Black widow, are watching movie theaters reopen and how consumers react when deciding whether or not to make that decision again.
Basically, what the first quarter 2021 earnings call really illustrated was that a pandemic is very unpredictable and can make final planning difficult, and even Disney has to figure out the best way to navigate that, in every area of its business.
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