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Disney reports some softness in parks in third-quarter

“The Craman Countdown” panelists Bankim Chadha and Thomas Hayes provide an in-depth look at investing in cyclical stocks. Disney warned Wednesday that its theme park business is expecting weakness in the third quarter. Disney’s Experiences division, which includes theme parks, cruises and consumer products, generated revenue of about $8.39 billion and operating profit of $2.22 […]

28 Trapped Upside Down When Oregon Amusement Park’s Ride Malfunctioned

An amusement park ride in Portland, Oregon, malfunctioned on Friday, leaving dozens of people trapped upside down hundreds of feet in the air for more than 20 minutes. The Atmosphere ride at Oaks Amusement Park shut down just before 3 p.m. and park staff immediately called 911, the park said in a statement, NBC News. […]

Disney to invest up to $17B in Orlando, Florida, parks

Months after Disney and Florida Governor Ron DeSantis ended a bitter legal battle, the two sides are poised to agree to a $17 billion deal that would pave the way for the construction of a fifth mega-theme park at Walt Disney World. The five Disney World district supervisors, appointed by Gov. DeSantis, voted Wednesday to […]

Teen Dies After Drowning In Popular Theme Park’s Pool, Police Say

A 13-year-old girl who was found unresponsive in Florida’s Discovery Cove marine-themed park died from an accidental drowning, authorities said, according to multiple reports. The teen, later identified as Anna Beaumont, was found unresponsive in a pool at the Orlando park around 11:25 a.m., Tuesday, the Orange County Sheriff’s Office (OCSO) confirmed in a statement […]

Senator blasts federal parks officials for barring American flags

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