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The rollercoaster at the paradise pier in Disneyland
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Disney’s parks are getting more expensive, again

The real Mouse-heads might not care.

It’s a small, and increasingly expensive, world.

Fulfilling the dreams of kids and Disney adults alike got a lot pricier from Wednesday, with the most in-demand daily tickets at Disneyland rising between $7-$12, while annual passes to the park soared by as much as $125.

Although the base entry fee of $104 is staying the same, the move hasn’t done much to combat the growing feeling among many people that a lot of Disney’s parks are becoming almost unjustifiably expensive. In fact, a recent report from Disney blog MickeyVisit suggests that the most expensive daily tickets for the California park have risen 114% in the last 10 years, from $96 to $206

Visiting the Disney World parks in Florida, whose recent shuttering in the wake of Hurricane Milton could wipe $200 million from the company’s earnings according to Goldman Sachs estimates, will also be getting more expensive, though not until 2025, after the company announced price hikes there 8 months ago. 

The rising prices may have upset a lot of die-hard Disney-heads, but a lot of the evidence suggests that millions are still willing to pay up to get into the House of Mouse’s many global parks. In the first 3 quarters of Disney’s fiscal year so far, the company’s super lucrative Experiences division, which includes domestic and international parks and consumer products, brought in $25.9 billion — up almost 7% on the same period last year. 

Disney park revenues and popularity
Sherwood News

Disney still dominates the most visited theme parks in the world list too, according to the annual Global Attraction Attendance Report from TEA and AECOM, occupying 8 of the top 10 spots from Florida to France and Tokyo to China.

Deciding how much to charge for entry into some of the “happiest places on Earth” is always going to be a hard puzzle. For years, Disney’s answer has been: just a little more than last year.

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Some automakers are working accounting magic to extend the EV tax credit beyond today’s deadline

The $7,500 EV tax credit is set to expire after today, September 30. Logically, electric vehicle sales are expected to fall off afterward.

But some automakers, including Ford, GM, and luxury EV maker Lucid, have found ways to effectively extend the credit for some customers.

According to reporting by Reuters, Ford and GM have initiated plans to dealers that would have the automakers themselves put down payments on EVs currently in inventory at dealerships. Those down payments would qualify for the expiring tax credit, and dealers would be able to extend the subsidy to future customers through discounted lease rates.

Reuters reports that the programs were launched following discussions between the automakers and the IRS.

In August, Lucid announced that the company would honor the $7,500 tax credit through the end of the year for lessees who order its Gravity SUV by Tuesday at 11:59 p.m. ET.

According to reporting by Reuters, Ford and GM have initiated plans to dealers that would have the automakers themselves put down payments on EVs currently in inventory at dealerships. Those down payments would qualify for the expiring tax credit, and dealers would be able to extend the subsidy to future customers through discounted lease rates.

Reuters reports that the programs were launched following discussions between the automakers and the IRS.

In August, Lucid announced that the company would honor the $7,500 tax credit through the end of the year for lessees who order its Gravity SUV by Tuesday at 11:59 p.m. ET.

business

Boeing is reportedly planning its 737 successor

Boeing has spent much of the year improving its deliveries and climbing out of the hole it dug last year as safety issues and a major strike rocked its business.

Now, the plane maker is weighing what comes next. Boeing is in the early stages of planning a successor to its 737 family of planes, according to reporting by The Wall Street Journal.

Earlier this year, CEO Kelly Ortberg promoted an executive to a role overseeing the 737 replacement and discussed a new engine for the plane with Rolls Royce, per the report.

Plans are early, and the process of developing a new plane can take more than 10 years. Boeing is about six years behind schedule in replacing its 777.

Earlier this year, CEO Kelly Ortberg promoted an executive to a role overseeing the 737 replacement and discussed a new engine for the plane with Rolls Royce, per the report.

Plans are early, and the process of developing a new plane can take more than 10 years. Boeing is about six years behind schedule in replacing its 777.

business

“Madden” maker EA surges on report it’s nearing $50 billion deal to go private

Shares of video game giant Electronic Arts are surging up more than 15% Friday following a Wall Street Journal report that the company is nearing a roughly $50 billion deal to go private.

According to the WSJ, an investment group including Saudi Arabias Public Investment Fund and PE firm Silver Lake (which is also part of the TikTok deal) could announce a deal next week.

In its fiscal first quarter that ended in June, EA delivered a disappointing net bookings outlook for the fiscal year.

Shares of EAs most intimidating competitor, Grand Theft Auto publisher Take-Two Interactive, climbed nearly 5% on the report.

In its fiscal first quarter that ended in June, EA delivered a disappointing net bookings outlook for the fiscal year.

Shares of EAs most intimidating competitor, Grand Theft Auto publisher Take-Two Interactive, climbed nearly 5% on the report.

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