New superhero recruits will be able to experience Disneyland’s Avenger Campus on June 4, Disney said during a theme park webcast Thursday.
The new area is an extension to Disney’s (NYSE:DIS) California Adventure theme park in Anaheim, and features Marvel’s mightiest heroes from Earth and the stars.
The park was initially set to open in July of last year, however, due to the coronavirus pandemic, theme parks in California have been shuttered since March 2020.
Disney’s two parks in Anaheim will reopen April 30 and will operate at around 15% capacity to start.
The new land has taken the place of A Bug’s Land and includes the preexisting Guardians of the Galaxy: Mission: Breakout ride at the edge of Hollywood Land. It will also feature a new Spider-Man attraction, a dining location called Pym Particles Test Kitchen and an area based on Dr. Strange.
In other news this week involving “The Mouse”, Needham lowering its revenue expectations, but making increases elsewhere. The firm reiterated its Hold rating while pointing to the ongoing impact of COVID-19 on revenues. Many analysts are looking to the recovery trade to restart Disney’s engines in moviegoing and theme parks. But while cutting revenue estimates,
Needham is raising expectations for EBITDA and EPS. Along with the impact of low park attendance and box-office closures, and tough ad comparisons at ESPN and ABC, it’s pointing to lower programming costs showing up in sports/networks. Overall, Wall Street is Bullish on Disney, while Seeking Alpha authors are Neutral. The stock has a Quant Rating of Bullish.
DIS shares dipped 48 cents to $186.84