How much money is Disney losing on the Galactic Starcruiser?

Star Wars: Galactic Starcruiser will permanently close in Fall 2023, and with that, they will write off up to $300 million. This covers a new interview with Josh D'Amaro about the tax implications, plus more commentary about the decision, the timing of the closure, and more.



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Disney Parks made a surprising announcement in May: its Star Wars: Galactic Starcruiser experience in Orlando, Florida, will close in September after just ~18 months. During the Walt Disney Company's Q3 earnings call, the company revealed that the closure would result in a $250m loss.

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How are Disney parks doing financially? As of Q2 of FY 2023, things were looking up for the parks, but the revenues for Disney Parks, Experiences, and Products for that quarter (Q2 of FY 2023) did increase by 17%.

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With costs so high, it's no wonder why many families find it difficult to afford a Disney vacation. A recent LendingTree survey found that 18% of Disney visitors have gone into debt for one or more of their trips to the destination. And among those with Disney debt, 8% say it will take more than a year to pay it off.

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– Walt Disney World's Star Wars: Galactic Starcruiser is beginning its final voyage Thursday before closing permanently. Walt Disney World announced back in May that the immersive Star Wars hotel experience would be closing after nearly two years in operation.

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But the Starcruiser was also said to be immensely costly to operate, primarily because it employed a cast of about a dozen core actors who had to perform and interact with guests in full-day shifts. The Galactic Starcruiser features about a dozen core actors who interact with guests throughout the two-day experience.

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In 2023, The Walt Disney Company kicks off “100 Years of Wonder,” sometimes also called “Disney100.” The year-long event honors the centennial anniversary of the date brothers Walt and Roy Disney founded the company in 1923. Disneyland Resort in California serves as headquarters for the party.

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Meanwhile, guests of Deluxe Resorts and Deluxe Villas can take advantage of Extended Evening Hours on select dates at select parks. In 2024, Disney will introduce new good-to-go days that will allow Disney annual passholders and cast members to visit the theme parks without a theme park reservation.

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Disney+ has been losing customers to price increases expects to fall tens of millions of subscribers short of its last publicly stated 2024 target for the Disney+ streaming service, according to people familiar with the matter.

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Basic Scoop. During the entire 2023 year, Disney Parks will be celebrating the Walt Disney Company turning 100 years old. This is a global celebration, encompassing all 6 Disney Parks, with the kick off happening at the Disneyland Resort on January 27, 2023.

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The Walt Disney Company has a big birthday to celebrate in 2023. It's celebrating 100 years by throwing the biggest event yet in Disney history: Disney 100 Years of Wonder. The heart of the celebration takes place at Disneyland Resort, and that's where the party kicked off Jan. 27, 2023.

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