ESPN Concerns Still Affecting Disney Shares "SportsCenter" Transforms Into "Tomorrowland" Disney's Q2 Income Up Despite ESPN Costs Disney World Closing Tri-Oval Speedway LeBron James' Latest TV Show Set To Debut ESPN Helps Boost Disney In Q2 Disney's Iger Discusses Rising Costs Of Sports Rights Disney: Cable Network Unit Growth To Continue Disney, Dish Network Reach Long-Term Deal Disney Signs Seahawks' Smith For Classic Spot
SBD/15/Sponsorships Advertising Marketing
FROM THE WORLD OF DISNEY: NO PARK IN LATIN AMERICA
Published December 15, 1994
Despite several wire reports to the contrary, yesterday's ORLANDO SENTINEL reported that Disney Exec VP Stephen de Kanter's prediction that the company may build a theme park in South America "brought swift denial" at Disney headquarters in CA. Disney spokesperson John Dreyer: "What Stephen told them is we have no plans to build a park in South America, but if we were ever to consider it, it wouldn't be until sometime in the next century." De Kanter, in Chile at the time of his statement, was quoted as saying the timing of a Latin American theme park would depend on the performance of Euro Disneyland. Dreyer: "I am 100 percent certain we don't have any plans to build a park in South America" (Susan Strother, ORLANDO SENTINEL, 12/14). Meanwhile, Euro Disney officials announced yesterday that the park would cut admission fees by about 20% as of April 1, 1995 (N.Y. TIMES, 12/15). MICKEY'S TIME-SHARE: Disney is nearing completion of a deal to build a major time-share condo project in Beaver Creek, CO. The project, Disney's first venture in CO since it opened the now defunct Celebrity Sports Center in Denver in 1960, calls for up to 125 condo units valued at an estimated $35M. Disney officials "emphasized that the time-share development would have none of the entertainment or amusement uses that has made the company internationally famous" (Steve Raabe, DENVER POST, 12/15).