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May 03, 2015 2:45 PM ET

Hotels, Restaurants and Leisure

Company Overview of Disney Destinations, LLC

Company Overview

Disney Destinations, LLC conceives, builds, and manages theme parks and vacation resorts, and various other family-oriented leisure enterprises. The company’s resorts offer hotel facilities, water parks, golf courses, and a cruise line. It owns resorts and parks in Orlando, Florida; Anaheim, California; Hawaii; Paris, France; and Hong Kong. The company also earns royalties on Disneyland in Tokyo, Japan. It was formerly known as Walt Disney Parks and Resorts, LLC and changed its name to Disney Destinations, LLC in April 2006. The company was founded in 1971 and is based in Burbank, California. Disney Destinations, LLC operates as a subsidiary of The Walt Disney Company.

500 South Buena Vista Street

Mail Code 7667

Burbank, CA 91521-7667

United States

Founded in 1971

Phone:

818-560-1000

Fax:

818-623-3637

Key Executives for Disney Destinations, LLC

President of Operations - U S and France
Age: 60
President of Disney Cruise Line
Head of Disney Vacation Club
Age: 62
Executive Vice President of Hong Kong Disneyland Resort and Group Managing Director of Hong Kong Disneyland Resort
Senior Vice President of Public Affairs
Compensation as of Fiscal Year 2014.

Disney Destinations, LLC Key Developments

Walt Disney Parks & Resorts and SMS Audio Form Strategic Alliance

Walt Disney Parks & Resorts and SMS Audio LLC have formed a multi-year alliance in which SMS becomes the official headphones of Walt Disney World Resort in Orlando Disneyland Resort in California. The financial terms of the alliance were not disclosed. As part of the agreement, SMS Audio also will be a sponsor of the Star Tours - The Adventures Continue attraction at Disney's Hollywood Studios. The company's products will be featured at the park's annual Star Wars Weekends, which attracts thousands to the Central Florida region. In addition, SMS Audio will be a sponsor of the Avengers Super Heroes Half Marathon Weekend and Star Wars Half Marathon Weekend, both at Disneyland Resort.

Walt Disney Parks & Resorts Announces Management Changes

Bob Chapek has been named chairman of Walt Disney Parks & Resorts, succeeding Tom Staggs. Chapek is a 22-year veteran of Disney and since 2011, has served as president of Disney Consumer Products. He assumes his new role immediately. Chapek will report to both Iger and Staggs, and will oversee growth and expansion at the parks, including the construction of Shanghai Disney Resort as well as Avatar land at Walt Disney World's Animal Kingdom.

Walt Disney Parks and Resorts Plans to Shut Fullerton Warehouse and Lay Off 85 Workers

Walt Disney Parks and Resorts announced that it is laying off 85 employees from a Fullerton warehouse that manufactures costumes for the company's theme park workers. The layoffs will take effect May 29, 2015, when Disney closes the facility where costumes are made by hand. The operation is relocating to a larger and more technically advanced facility in Orlando, Fla.

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