Disney’s Renewal Features Cars, CEO Horse Race: Retail
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Walt Disney Co. opens the Cars Land attraction in Anaheim, California, to the public today, part of its largest investment ever in the theme-park unit. The implications are broad for both earnings and succession at the world’s largest entertainment company.
The 12-acre addition at California Adventure, next-door to Disneyland, takes guests through the fictional town of Radiator Springs from the two “Cars” movies. More than 4,000 tons of steel and 280,000 feet (85 kilometers) of rock work were installed, including mountains shaped like vintage Cadillac tail fins.