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Disneyland Article
Let It Go On Third Theme Park At Disneyland

ID:TMS-3011
Source:Orange County Register
Author:Joseph Pimentel
Dateline:March 12, 2015
Posted:March 14, 2015
 
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The Walt Disney Co. on Thursday shot down - for now - the long-rumored possibility of a third theme park in Anaheim. But CEO Bob Iger detailed plans for sequels to the company's hugely successful "Frozen" and "Star Wars" movie franchises.

Answering a question at the company's annual shareholders meeting in San Francisco, Iger said Disney does have plans to expand the Disneyland Resort. Iger previously had mentioned that new "Star Wars" attractions are being developed for Disney theme parks.

However, he dismissed the likelihood of a "third gate" to accompany Disneyland and Disney California Adventure. He added that Disney "won't rule that out forever."

Iger recapped Disney's record-breaking fiscal 2014, in which revenue climbed 8 percent, to $48.8 billion, and net income rose 22 percent, to $7.5 billion. Disney stock closed trading Thursday at $107.17 a share, up about 33 percent from a year ago.

Iger reiterated to shareholders the strong performance of Disney's theme parks, which have set attendance records and recently increased ticket prices. He also pointed to the $4 billion global box-office haul by the studio entertainment division, thanks to hits such as "Guardians of the Galaxy" and "Big Hero 6."

It was the second consecutive year Disney posted more than $4 billion in box office revenue worldwide.

Disney also disclosed:

* "Frozen 2" is coming. Disney Pixar Chief Creative Officer John Lasseter and Josh Gad, the voice of Olaf the snowman, joined Iger on stage to announce the sequel to the popular "Frozen" film. "Frozen" won two Academy Awards and earned $1.3 billion worldwide.

No release date was offered. A seven-minute animated short, "Frozen Fever," will be shown ahead of Disney's live-action movie adaptation of "Cinderella."

* Expect more "Star Wars." While fans await Director J.J. Abrams' "Star Wars: Episode VII The Force Awakens" in December, Iger revealed another sequel and film ahead for the science fiction franchise. Disney purchased Lucasfilm for $4 billion in 2012.

Iger said "Rogue One" is the title of the first "Star Wars" stand-alone film outside of the core "Star Wars: Episode I-VII" saga. The movie will star Felicity Jones. Gareth Edwards will direct and Chris Weitz, who recently penned "Cinderella," will write the screenplay. The release is set for Dec. 16, 2016.

The following year, on May 26, 2017, Disney will release "Star Wars: Episode VIII," which will be written and directed by Rian Johnson.

* Minimum pay will rise. Iger told a shareholder that Disney will raise its lowest pay to $10 an hour nationally in 2016. That's where California's minimum wage is set to rise, but it should boost pay for workers in states like Florida, where the minimum is $8.05 and rises with inflation.
 

 
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