Disney parks revenue, attendance up despite Hurricane Irma

By Christie Zizo, Digital Media Producer
Last Updated: Thursday, November 09, 2017, 6:10 PM EST

Hurricane Irma may have closed Walt Disney World for two days, but it couldn't sink the Mouse House moneywise.

The Walt Disney Company reported $4.66 billion in revenue from its parks and resorts division for the fourth quarter of 2017, which ended at the end of September.

That's up 6.3 percent compared to 2016, despite Hurricane Irma shutting down the Florida park and disrupting five Disney Cruise itineraries.

Growing at the international parks helped offset the loss of revenue because of Irma. 

For the 2017 fiscal year, Disney reported $18.4 billion in parks and resorts revenue, up 8.8 percent from last year.

The parks and resorts division also say domestic attendance increase 2 percent. Disney attributes that growth to the opening of Pandora -- The World of Avatar at Disney's Animal Kingdom, and the opening of Guardians of the Galaxy -- Mission: Breakout! at Disney California Adventure.

The parks and resorts division continues to be a bright spot for Disney. And the company says it plans to spend $1 billion dollars on the parks in the next year, as it builds the "Star Wars: Galaxy's Edge" lands in Orlando and California, and finishes Toy Story Land at Disney's Hollywood Studios, which is due to open in 2018.

The company's media networks, studio entertainment and consumer products divisions all saw decreases in revenues for both the fourth quarter and the 2017 fiscal year.

Disney is more excited about fiscal year 2018, which will have a full slate of big films, including four Marvel films, "Star Wars: The Last Jedi" and "Solo," plus "Incredibles 2."

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