Disney World’s Galactic Starcruiser was touted as a one-of-a-kind “Star Wars” experience. Each two-night reservation was meant to feel like a space cruise, with guests given a “mission” involving characters from the latest “Star Wars” trilogy. . It was a bet on a relatively niche and expensive concept.
But the cheapest plan, a “cabin” for two, costs about $4,800, which Disney fans complained was too expensive for two days. In May, just one year after it opened, Disney announced it would be shutting down the Galactic Starcruiser.
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The company is now in the process of writing off its expensive failures. At Wednesday’s earnings call, Disney points to cause of slump Theme Parks: “Higher costs (inflation and accelerated depreciation related to the planned closure of Star Wars: Galactic Starcruiser) and lower sales, largely due to a decline at Walt Disney World. by.”
Interim Chief Financial Officer Kevin Lansbury said he expects Starcruiser’s depreciation to “accelerate” to $250 million, which Disney Parks chairman Josh D’Amaro previously said. said to be consistent with the numbers shown in D’Amaro estimated in May that the company would incur depreciation charges of $100 million to $150 million in both the final two quarters of 2023.
However, Disney Parks, Experiences, and Product segment revenues are still growing. In the third quarter, which ended July 1, the segment had sales of $8.3 billion.
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It is unknown what will happen to the warehouse-like building where the Star Cruiser was housed. In May, a Disney spokesperson told SFGATE there were no immediate plans to repurpose the space or integrate it into a “Star Wars”-themed land within Hollywood Studios. Told.
Star Cruiser Show Planning Webpage No availability as long as it exists. The hotel will close on September 30th.
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