Despite Hurricane Irma, Disney's parks and resorts reported a revenue increase of 13 percent, which is roughly $5.2 billion, for the first fiscal quarter.
was released today and showed an increase in both revenue and attendance. Overall, attendance was up by six percent at Disney parks due to Pandora - The World of Avatar and Guardians of the Galaxy: Mission Breakout!
"We’re excited about what lies ahead, with a robust film slate, the launch of our ESPN direct-to-consumer business, new investments in our theme parks, and our pending acquisition of Twenty-First Century Fox," said Disney CEO Robert Iger.
Disney cites the new tax law for a reported $1.6 billion benefit. Last month, Disney gave 125,000 employees a one-time cash bonus of $1,000
each and invested $50 million to create a higher education program for workers.
Meanwhile, Disney castmembers and local unions are still negotiating with Disney for a living wage and not "poverty wages