Los Angeles
CNN
—
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 before its second-quarter earnings call.
Disney’s parks have arguably been its most important financial driver, representing 59% 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 US park…
