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    Monday, May 06, 2024

    Disney’s park earnings set a record

    ORLANDO, Fla. — Disney’s theme parks division generated $7.4 billion in revenue last quarter, despite Hurricane Ian’s path near Disney World in late September costing the company $65 million.

    As the company celebrates the parks division’s record fiscal year revenue of $28.7 billion, its frontline theme park workers say they deserve raises that reflect their work to keep the parks running and guests happy as Orlando’s cost of living climbs.

    But even as Disney World proposes gradual raises for workers during contract negotiations with employee unions, it is also looking to cut costs company-wide.

    Disney’s big numbers came as its theme parks were packed with crowds willing to spend on park admission, hotels, food and beverage and merchandise during the quarter ending Oct. 1.

    Disney World closed Sept. 28 and 29 as Hurricane Ian approached Orlando, but its hotels remained open to guests who had booked a stay before the storm. The resort reopened on Sept. 30.

    – Orlando Sentinel

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