Disney World's Big Makeover Faces Growing Pains
Two longtime Disney World attractions closed forever on Sunday. The Great Movie Ride at Disney's Hollywood Studios and Ellen's Energy Adventure at Epcot shut down at the end of the operating day, paving the way for two of the amazing experiences that Disney's (NYSE: DIS) bringing to the world's most visited theme-park resort.
The replacements will be special. A Guardians of the Galaxy-themed thrill ride will be be taking over the space left behind by Epcot's sleepy energy attraction, giving Disney one of the few Marvel franchises that it can promote within its Florida parks. Mickey & Minnie's Runaway Railway -- a family-friendly attraction that hopes to raise the bar on in-ride special depth effects without relying on 3-D glasses -- will go in the iconic Grauman's Chinese Theater building that until Sunday night housed the Great Movie Ride.
The problem for Disney at this point is that there is no timeline for the eventual upgrades. Neither incoming attraction is likely to open within a year. We're talking about late 2018 at the earliest for Mickey & Minnie's Runaway Railway, and there's little chance that Disney World's first Marvel-themed ride will open before 2019. Given Disney's recent shortcomings on the attendance front, it can make an already dry funk even worse.
Source: Fool.com
Walt Disney Co. Stock
With 48 Buy predictions and not a single Sell prediction Walt Disney Co. is an absolute favorite of our community.
With a target price of 117 € there is a positive potential of 41.2% for Walt Disney Co. compared to the current price of 82.86 €.
