Executive Summary Walt Disney is an international company founded in 1923 by brothers Roy and Walt Disney. The corporate headquarters and primary production facilities are located at The Walt Disney Studios in Burbank‚ California‚ the area where Disney was initially created. Today Disney is one of the largest and most reputable companies in the film and entertainment industry earning $43 billion in revenues in 2007. Walt Disney Company earns revenues in four strategic areas including consumer products
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PART VI Case Studies CASE STUDY 1 Ocean Park: In the Face of Competition from Hong Kong Disneyland Bennett Yim In April 2006‚ Ocean Park‚ Hong Kong’s only home-grown theme park‚ launched a syndicated loan to raise HK$4.1 billion for a master plan to revamp the Park.1 The master plan represented the Park’s strategic response to the arrival of Hong Kong Disneyland‚ which had opened the previous year. Ocean Park had expected attendance to drop significantly with Disney’s opening‚ but
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February 22‚ 2013 Introduction The Walt Disney Company was originally founded in 1923; a company committed to providing quality and wholesome entertainment experiences to people of all ages. The company is known for the following four segments‚ which consist of Studio Entertainment‚ Parks and Resorts‚ Consumer Products and Media Networks. The Walt Disney Company consists of five (5) Disneyland and Disney Park Resorts‚ in total. Two are located in the United States‚ one in Europe and two in Asia
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| | |Services Marketing in Theme Parks | |MGMT E-6020 | Fall 2011 | |
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EuroDisney’s poor performance was the lack of market research and cultural awareness. EuroDisney was built just like American Disney parks‚ without giving though to cultural differences. American characters were used‚ instead of French cartoon characters. Disney banned alcohol in a culture that enjoys drinking wine. Everyone showed up for breakfast in the mornings‚ when Disney had cut down their serving because they were erroneously informed that Europeans do not eat breakfast. Pricing strategy was
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Euro Disney- Case Study Instruction Until 1992‚ Disney had been very successful for theme parks. The first theme park was in the city of Anaheim‚ California‚ USA. The theme park was called Disneyland. The park’s theme song is "It’s a small world"; "Peddling a gorgeous environment‚ allowing visitors to enjoy a variety of exotic culture‚ and prone to the kind of living in an extended family with warm feelings. The dark tunnel with the roller coaster of ups and downs can intimidate children. The
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Amusement Park in China Introduction There are a number of theme parks in China. Some of them are well designed and managed. Some are fairylands for the children‚ which have great fun playing in the fairy tale castles and the animal kingdoms with cartoon characters; The youngsters would like to experience the thrilled and exciting amusement ride. Meanwhile‚ the elderly like to take pleasure in the folk custom. However‚ though the market is believed to be big and potential‚ about 70% of the China’s
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1 Introduction Euro Disney ’s Plans and Reality When the International Offer of Shares for the Euro Disneyland S.C.A. (in the following called Euro Disney) was published in October 1989 the plans for this new enterprise of the Walt Disney group were ambiguous. The financial plans for the first year of operation projected total revenues of FF 5‚482 million and a net profit after taxation of FF 204 million. For the following years the development should be even more impressive. At that time the
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January 2013 I – Executive Summary The Walt Disney Company is one of the largest media and entertainment corporations in the world. Disney is able to create sustainable profits due to its heterogeneity‚ inimitability‚ co-specialization and immense foresight. During the late twentieth century‚ Michael Eisner founded and gave a rebirth to Walt Disney Company. Eisner revitalize TV and movies‚ Themes Park and new businesses. Eisner’s takeover for fifteen years had climbed the revenues
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Throughout Michael Eisner’s time at the Disney Company he believed corporate synergy was the key to success. By actively encouraging synergy Disney could get the most out of its brand and create value that would greatly contribute to the growth of the company (Case‚ p.11). Synergy refers to how‚ by working together‚ two or more businesses can increase value creation greater than if they were working separately (Goode and Campbell‚ 1998). How Eisner sourced synergy will be discussed later‚ but first
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