Disneyland Brand Audit
Disneyland is the leading brand in amusement park industry. The first Disney theme park, Disneyland was opened on July 17, 1955 in Anaheim, California (The Walt Disney n.d.). Disneyland is the core asset of the American media giant, the Fortune global 500 company Walt Disney group. Per Christian Sylt’s article, in 2013 financial year, its 11 Disneyland parks around the world contribute one third of its total $45 billion revenue and 20.7% of its $10.7 billion operating profit. (Christian, S. 2014) In 2016, the segment of parks and resort generated $16.16 billion revenue and $3 billion operating income in total. (The Walt Disney Company 2016)
Industry status and main competitors.
Amusement park, or theme park is
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Supported by Universal Picture and DreamWorks Animation, two subsidiaries of the parent company NBCUniversal Universal Studio would be able to create a lot of rides and attractions based on many famous movies belong to the NBCUniversal. (Rachel, M. 2015)
Another main competitor is SeaWorld Park &Entertainment have 8.4% of market share. Unlike Disneyland and Universal Studio’s film based rides and roller coaster, SeaWorld are famous for its rich collection of aquatic animals. Like the castle in Disneyland and Harry Porter magic world in Universal Studio, the most famous attraction of SeaWorld is the Killer Whale show. One thing need to be noticed is that the market share and attendances has drastically decreased due to the criticism from media and public, regarding to their treatment to the animals and the ethic of animal performance. (Rachel, M. 2015) Another two important competitors are Cedar Fair LP and Six Flags with market share of 7.8% and 6.4% respectively. Cedar Fair is threatening Disneyland with its relatively cheaper tickets, even affordable installment of annual pass. Cedar Fair’s this strategy is attractive to price-sensitive customers and it is quite efficient, since its shares quadrupled since 2009 to 2013. Six-Flag is famous for two things, thrilling rides and injury accidents. However, thrilling fans are crazy for their roller-coast and contribute a large share of revenue.
Opportunities and Threatens
Recent years, Disneyland have heavily invested
Cedar Fair has amusement parks in 9 states and also in Toronto, Canada. It owns 11 parks including Kings Island. It also owns two water parks. It’s headquarters are in Sandusky, Ohio and they have an amusement park called Cedar Point there. Matthew Ouimet is the President and CEO of the company. Earlier in his life, he served at Disneyland and has plenty of amusement park experience. The company Six Flags owns Six Flags Great America. Their headquarters are in Grand Prairie, Texas. The founder of Six Flags, Angus Wynne, opened the first park of their company in 1962 in Texas. They own 13 Amusement park and is the second largest theme park company in the US following
| The theme park was and continues to be one of the largest attractions of consumer culture in America. Disneyland didn’t solely make money through ticket sales, but the theme park advertised other Disney products like films and toys.
Six Flags, officially Six Flags Entertainment Corporation, is an amusement park corporation based in the United States, with properties in the US, Canada, and Mexico. It is the largest amusement park company in the world, based on the number of properties owned, and is ranked sixth in terms of attendance.The company maintains twenty properties throughout North America including theme parks, thrill parks, water parks, and family entertainment centers. In 2016, Six Flags properties hosted over 30.1 million guests.
The anticipation of heightened demand dynamically affects admission price for theme parks. Walt Disney World and Disneyland recently introduced variable pricing in 2016 so that park tickets will cost more during holidays and peak period weekends. This only applies to one-day tickets, and not multi-day packages. Disney’s major competitor, Comcast’s Universal Studios, has also adopted demand-based pricing. One difference though, is that their system provides incentives for visiting on off-peak days, and/or booking tickets online in advance. Guests can get $5 to $20 off the walk-up price, with the bigger discounts saved for midweek, low-demand periods. A variety of other discounts, packages, and promotions are available to guests that are all designed to bring down the per-day admissions cost for visitors, while simultaneously ensuring a longer stay for guests. A longer stay is a win-win situation because it means more money spent overall at theme parks, restaurants, hotels, and gift shops.
Competing amusement parks has upgraded their attractions to attract more consumers and Disney is has recently strategizing this approach to a more concentrated perspective. This can ultimately lower their revenues until the plan is complete.
Since then, Universal has become one of the main leaders of the market. THE A-List attractions – Simpsons, Terminator 2: 3D are Universal theme parks most popular attractions.
In 1955, the most charming place in the world was ‘Disneyland’ was open for the public. The idea was to create a magical place for the whole family. Ever since then, Disneyland theme parks have been growing and today Walt Disney Company owns 14 theme parks in the world.
The Walt Disney Company has seen their share of success in taking their parks and resorts into global markets. “60 years ago, the first Disney theme park opened, in California and was the brainchild of Walt Disney himself, who was motivated by the lack of entertainment options available to him and his two young daughters.” (Forbes, 2016). Disneyland California penetrated the market rapidly, and its popularity led to the opening of Disney World in Florida, followed by global expansion in Tokyo, Paris, and Hong Kong. Their latest expansion came in June 2016, on a 963 acres’ site in Shanghai, China (Xu, 2012). After one year in operation, Shanghai Disneyland is outpacing their most optimistic projections, and the park’s
Two of the biggest theme parks in Orlando, Florida are Walt Disney World and Universal Studios Florida. Both of the theme parks are huge competitors when it comes to getting customers and money. In this essay I will show you which of the two theme parks is better than the other, by using multiple different categories that theme parks use when making their parks.
The Walt Disney Parks and Resorts is a product line offered by the conglomerate Walt Disney World. This line offers intangible products only.
Disneyland is a huge organization which has about 20,000 direct Disney employees and 3,800 third-party employees. But, every employee is controlled by top management without any remonstrant. The employees are happy with their work and perform well at work. This make a lot of profit for Disneyland. Disneyland as the self-proclaimed “happiest place on earth” occupies an enviable position in the amusement and entertainment worlds as well as the commercial world in general. What make Disneyland so successful in the world? Is just because of Walt Disney?
The Walt Disney Company Parks and Resorts strive to be the leader in innovative and creative family entertainment in the world. The mission of The Walt Disney Company Parks and Resorts is to provide “magical” experiences to all guests that visit our Parks and Resorts. We use technology, innovation, and imagination to create a unique entertainment experience comparable to nothing else.
In 1951, with the opening of Disney’s first theme park (Disneyland, in Anaheim, California) the Company made a dramatic shift from a media-oriented company to
The Walt Disney Company is known throughout the world as a leader in entertainment. The strategies that the Walt Disney Company have used include competitive advantage, a growth strategy, and a renewal strategy. When a person mentions a theme park, Disney is the first park that comes to mind. They were not the first theme park, but they have mastered the art of creating memories for adults and children alike. As a former employee of Disney I can vouch for the amount of effort that goes into
Disney operates in very competitive industries such as media, tourism, parks and resorts, interactive entertainment and others. The competitive landscape changes quite drastically in the media industry, where news and TV go online and new competitors with new business models compete more successfully than incumbent media companies. Disney’s parks and resorts business segment also receives strong competition from local competitors who can offer better-adapted product. This results in growing competitive pressure for Walt Disney Company (Ovidijus Jurevicius).