Theme Parks

Reuters | |

Walt Disney Co earnings on Thursday topped Wall Street forecasts for the most recent quarter as its streaming services picked up more customers than expected and pandemic-hit U.S. theme parks returned to profitability.

Shares of the entertainment company rose 5% in after-hours trading. Before the earnings report, shares were roughly flat from the start of the year.

Kimberly Redmond | |

Universal Orlando Resort is raising its starting minimum wage from $13 to $15 per hour and is giving more than 18,000 employees a bump in pay based on their performance and time on the job.

The changes, which take effect June 27, will impact both full-and part-time hourly positions, as well as entry-level salaried roles at the Florida theme park complex, the company said, noting that it is “the single-largest wage increase in Universal Orlando history.”

Reuters | |

Disappointing growth of Walt Disney Co's namesake streaming service on Thursday overshadowed better-than-expected overall profits, driving down shares of the entertainment company.

Shares of Disney fell 3.7% in after-hours trading.

Kimberly Redmond | |

The Walt Disney Company (NYSE: DIS) announced a major upgrade to its Walt Disney World Resort in Orlando, Florida, that will enable the property to obtain nearly half of its power from solar energy within two years.

Disney and Reedy Creek Improvement District are partnering with local utility companies to develop two new 75 megawatt solar facilities, the company announced Thursday.