Disney shares rises nearly 2%,as Shanghai Disneyland raising prices up to 10%.
- Shanghai Disneyland (DIS+0.7%) willraise its ticket prices starting in January.
- The resort indicated it would boost prices on Jan. 9, setting new rates for four tiers: Regular, Regular Plus, Peak (most days in summer season and other peak visitation days), and Peak Plus.
- The Regular price at that time will be 435 yuan (about $67.13). Regular Plus will be 545 yuan (about $84.11). Meanwhile, Peak price is set at 659 yuan ($101.70) and Peak Plus at 769 yuan ($118.67).
- That results in increases of 9-10% across the board.
Disney is gearing up for a big weekend at the box office as the long-delayed "Black Widow" is set for its theatrical release worldwide on July 9. Disney stock rose.
Worldwide estimates for "Black Widow" are as high as $140 million, according to Deadline. That doesn't include China, Marvel's biggest market, as it doesn't yet have a release date there.
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