Disney CEO Bob Iger Confirms 'Avatar'-Based Land Coming To Disneyland Resort
Portfolio Pulse from Erica Kollmann
Disney CEO Bob Iger announced the construction of an 'Avatar-based land' at Disneyland Resort, California, during the Morgan Stanley Technology Media and Telecom Conference. This addition marks the second 'Avatar' experience across Disney parks, with more details promised soon. The announcement follows Disney's February 2023 earnings call where the experience was first revealed. Additionally, Disney's dividend yield is 1.05% as of March 5, 2024, and its shares closed down 0.72% at $112.87.
March 05, 2024 | 10:12 pm
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Disney announces an 'Avatar-based land' at Disneyland Resort, marking a significant expansion. The company also has a dividend yield of 1.05% as of March 5, 2024, and its stock price closed down 0.72% at $112.87.
The announcement of a new 'Avatar-based land' at Disneyland Resort is likely to generate positive buzz and attract visitors, potentially boosting Disney's revenue and stock price in the short term. The dividend yield provides an additional incentive for investors, although the recent slight decrease in stock price indicates market fluctuations. Overall, the expansion news is expected to have a positive impact on Disney's stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100