Disney announces first new theme park to be built since 2010 in Abu Dhabi

News Snapshot:

For the first time in 15 years, the Walt Disney Company has announced the development of a new theme park – a resort destination in Abu Dhabi that marks the company’s entry into the Middle East. The Disneyland Abu Dhabi resort will become Disney’s seventh global resort destination, the company announced Wednesday shortly after reporting strong second-quarter earnings. Disney’s parks have arguably been its most important financial driver, representing 59 per cent of its operating income in the 2024 fiscal year as streaming competition heats up. And while domestic parks attendance decreased modestly last year, Disney reported Wednesday morning that...