Disney’s Star Wars theme park opening a bit of a black hole
The opening of the Star Wars: Galaxy’s Edge attraction fell flat, hammering results in the latest quarter, with shares falling as much as 6.8%
Los Angeles — Walt Disney shares took their worst tumble in nearly four years after the opening of the most highly anticipated theme-park attraction in the company’s history fell flat, hammering results in its latest quarter.
Profit at the company’s domestic resorts slumped in the period, which was marked by the ballyhooed opening of Star Wars: Galaxy’s Edge, the largest addition ever to the Disneyland resort in Anaheim, California. A second version of the space-themed park opens in Florida this month.