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Report
Disney raises ticket prices at Disney World and Disneyland
The Street
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10/11/2023
Disney is raising the prices at its California and Florida theme parks amid its recent $60 billion investment.
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Sports
Transcript
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00:00
I'm JD Durkin reporting from the New York Stock Exchange.
00:02
Stocks were in the green to close out today's session.
00:04
The Dow closing up 65 points, the Nasdaq up 0.7%, and the S&P 500 closed 0.4% higher.
00:12
Wall Street is continuing to digest a hotter than expected inflation report, which saw
00:16
wholesale prices jump for the third straight month.
00:19
September's gain was likely driven by a surge in energy and food prices.
00:24
Investors are also looking ahead to another key report on inflation, which we will get
00:28
tomorrow.
00:29
The Federal Consumer Price Index, which measures the change in consumer prices on a monthly
00:32
basis, is due out Thursday morning.
00:34
And the report will give analysts a better idea of the Federal Reserve's next move on
00:39
interest rates.
00:40
Meanwhile, not even the happiest place on earth is immune to inflation.
00:45
That's right, if you have a trip planned to Disney World or Disneyland any time soon,
00:49
safe to say you can expect to see your visit be a little bit more expensive.
00:53
Disney is raising the price of daily admission to its California theme park by more than
00:57
8% to $194 and by 16% to $480 for a five-day pass.
01:05
At its larger Florida theme park, the cost of an annual pass is going up by around $50.
01:11
Parking at both theme parks will also see higher prices.
01:15
These price hikes from the house of mouse come as the company continues to invest heavily
01:18
in its park business.
01:20
The media and entertainment giant recently announced that it would be pouring $60 billion
01:25
into its parks, doubling its previous investment.
01:28
Disney is going all in on parks as the company struggles with its broader shift to streaming.
01:33
That will do it for your daily briefing.
01:35
From the floor of the New York Stock Exchange, I'm J.D. Durkin with The Street.
01:38
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