As Disney turns 100, its business is on a rollercoaster ride

As Disney turns 100, its business is on a rollercoaster ride

The decline of TV and cinema and rise of streaming will reshape entertainment Splash Mountain, a popular ride in Disneyland, towers over attractions that encapsulate the 100-year history of the Walt Disney Company. To the south, on Main Street USA, a little cinema screens “Steam Boat Willie”, in which Mickey Mouse made his debut in 1928. In the centre of the park the Sleeping Beauty Castle evokes the classic Disney animations of the 1940s and 1950s. On the outskirts are areas themed around Star Wars and the Marvel universe, which Disney took over during an acquisitions spree in the 2000s. Passengers at the high point of the ride have a few seconds to take in the view. Then, with a lurch, their car makes a near-vertical plunge and everyone gets drenched. In the run-up to its centenary, which Disney will start celebrating on January 27th, the company itself has been on something of a rollercoaster ride. The world’s biggest entertainment firm, with a market value of $180bn, still rules the box office, with four of the ten highest-grossing films of 2022 (including the sequel to the most lucrative ever, “Avatar”). Its American theme parks have bounced back from pandemic […]

Downtown Seattle shoppers feeling the impact of recent big business closures

Downtown Seattle shoppers feeling the impact of recent big business closures

The Nike store and the Regal Meridian 16 are two downtown staples that announced they were shutting their doors. SEATTLE — Time is running out for another downtown Seattle staple. One of downtown Seattle’s longest-standing movie theaters is closing its doors next month. The Regal Meridian 16 movie theater is one of 39 that will shut off screens across the country. "It’s terrible because it’s common that I would come down and eat someplace and have the movie. (It’s) a nice theater and convenient," said Geri Cooper, a Seattle resident. The company that owns the theater, Cineworld, filed for bankruptcy in September. Meridian 16 and the downtown Nike store location are now added to the list of businesses that have shut their doors downtown over the last couple of years. "Less people, and yes there have been a lot of closures, a lot of retailers, a lot of stores that used to be staples aren’t here anymore," said Florence Vollmer, a Seattle resident. Officials with the Downtown Seattle Association sent KING 5 an emailed statement that said in part: “For several years, retailers have been evaluating changing needs for space and scale. We’ve seen that in urban areas since […]

Swanky: Air China Reveals Brand New Business Class Cabin On Airbus A350

Swanky: Air China Reveals Brand New Business Class Cabin On Airbus A350

Beijing-based Air China unveiled an all-new interior for its business class on the Airbus A350 . Photos of the cabin , which includes strokes of traditional Chinese culture, were released on the airline’s Facebook page on Friday. Among its eye-catching design, the new cabin features mini-suite-style seats that, while still in a high-density layout, allow for passenger space and more than six feet of lie-flat bed length. The reveal comes after Air China first announced the cabin upgrades in 2021. A look inside The new Recaro CL6720 business class seats are a vital interior element. According to Jonny Clark from TheDesignAir, the new seats replace the existing Super Diamond seats found on the rest of the A350 fleet with a more condensed seating (LOPA). Similar to a full-size suite seen in some aircraft interiors, the seats feature full-height walls that add the benefit of privacy. However, it appears that Air China opted out of equipping the mini-suites with doors, considering the design allows for it. Air China’s version of the seat reportedly features a new design on the purple-colored seats. The blue walls on the side of the suite brighten up the cabin and pairs well with the seat […]

Tri-state people in business: New hires, promotions, achievements

Tri-state people in business: New hires, promotions, achievements

Medical Associates announced that Jodi Kilburg has joined its obstetrics and gynecology department. • Mi-T-M Corp. announced hiring: Trevin Crouch, Josh Davis, Linzy Knockel, Ricky Levins, Andy Miller and Hunter Shaffer to the fabrication division. Zach McAndrews and Andrew Davis to the production division. Drew Meyer and Levi Meyer to shipping and receiving. Rob Wolf to production inspector. Unified Therapy Services announced promoting Jasmine Reiss to clinic director. Two local MercyOne locations recently earned Press Ganey HX Guardian of Excellence Awards. MercyOne Dubuque Medical Center was honored for outpatient rehabilitation, while MercyOne Elkader Medical Center was honored for physician engagement. “Press Ganey, the global leader in health care experience solutions and services, ranks the top hospitals and health systems in the country according to performance based on patient feedback,” states a press release from MercyOne. Jodi Kilburg • Medical Associates Jasmine Reiss • Unified Therapy Katie Thomas has stepped into the role of CEO and president of Honkamp P.C. after serving solely as the company’s president since February 2020, according to a press release. She succeeds CEO Greg Burbach. “In her 18 years at Honkamp, she quickly rose through leadership positions, becoming one of the youngest partners at the […]

Business minister boasted Britishvolt was Brexit success story months before collapse

Business minister boasted Britishvolt was Brexit success story months before collapse

The site in Blyth, Northumberland, where Britishvolt had plans to build a gigafactory to make batteries. Ministers were using the electric car battery maker Britishvolt as a prime example of the government’s record for “securing business investment in the UK” just months before the scheme collapsed without any public investment. The company, once heralded as Britain’s potential champion for battery making, fell into administration last week after the failure of last-ditch talks to find emergency funding to keep it afloat. Its demise has been criticised as showing the government’s lack of industrial strategy, the shortcomings of “levelling up” and Britain’s failure to grasp new manufacturing opportunities in the wake of Brexit. However, it has emerged that just last summer, ministers were still using Britishvolt as an example of the government’s ability to attract investment to the UK. In response to a request from a Tory MP for details of the government’s progress in securing investment, the then-business minister, Jane Hunt, claimed the government “has provided further support to attract significant investment in manufacturing, including delivering Britishvolt’s £1.7bn gigafactory in Blyth Valley, which will support 3,000 direct jobs and a further 5,000 across the supply chain.” Senior Britishvolt executives are […]

North County Business Briefs, Jan. 22: Home show in Del Mar; Poway health expo; Escondido leadership lunch

North County Business Briefs, Jan. 22: Home show in Del Mar; Poway health expo; Escondido leadership lunch

Visitors at the 2022 Health & Wellness Expo sponsored by the Poway Chamber of Commerce. This year’s event takes place Thursday, sponsored by The Glen at Scripps Ranch. CARLSBAD Memory care building opens at residence Oakmont Senior Living has opened Villena — a Traditions Memory Care building — at Santianna, its luxury senior community. Villena will accommodate residents with Alzheimer’s disease or other forms of dementia. The new facility will allow families to transition their loved ones from independent and assisted living to memory care if needed. Villena’s two stories include 67 memory-care apartment homes plus a movie theater, activity rooms and outdoor courtyards. Programming is designed for residents with memory loss or cognitive impairment. Residents also have access to virtual reality programs that help brain function and memory recall. Villena at Santianna is at 2540 Faraday Ave. DEL MAR Home improvement show at fairgrounds The San Diego Home Improvement Expo visits the Del Mar Fairgrounds on Saturday and Jan. 29 filled with demonstrations, home-improvement products and services, plant sales and consultations with home and garden experts. The show focuses on area services, products and businesses. Members of the San Diego chapter of the National Association of the Remodeling […]

Here are the 10 best — and 10 worst — US states to start a new business, according to a new report

Here are the 10 best — and 10 worst — US states to start a new business, according to a new report

The financial site WalletHub recently released a study on the best and worst states to launch a business. A new report from financial website WalletHub looked at which states were the best for starting a business. The study analyzed states according to metrics like access to resources and potential business costs. Here are the top 10 best and worst states to start a business. The 10 best The financial website WalletHub recently ranked the 50 states according to which ones were the best and worst for starting a business. Where you start a business can make a big impact on how well it fares. A new WalletHub study evaluated states across three metrics: "Business Environment" looked at 14 factors ranging from five-year business survival rate to the average length of the work week. "Access to Resources" considered 6 factors, like the amount of venture capital investment per capita and the college-educated share of the population. While "Business Costs" examined seven types of costs including office-space affordability, labor costs, and state and local tax rates. For those who are entertaining thoughts of launching a new business, Insider did the homework for you. Here are 10 best states to launch a […]

Montrose Environmental: Attractive Business Model That Is Insulated From Economic Cycles

Montrose Environmental: Attractive Business Model That Is Insulated From Economic Cycles

Written by Both a full-time investor and a full-time operations manager. I’ve learned about investing over the years b… Summary The environmental industry is extremely complex, regulated, and hard to navigate. MEG offers a one-stop-shop solution for companies to address all their demand, across countries and regions. Latest earnings demonstrated that MEG is still growing as planned. We Are Summary I recommend to buy Montrose Environmental (NYSE: MEG ). The environmental industry is challenging to enter due to its complex regulations and fragmented market. As a result, customers are seeking environmental solutions providers that can handle issues throughout their entire life cycle and across different jurisdictions. MEG aims to target oversaturated markets with many competitors, many of which specialize in a particular niche or regulation. MEG has the advantage of being able to attract and retain clients and grow relationships due to its global reach and diverse range of offerings. When competing for large accounts that need a national scale provider, MEG stands out with its ability to offer unified, geographically dispersed services and a single point of contact for all of a client’s needs. Company overview Environmental testing and testing for air quality are among the services that […]

Crypto conglomerate Digital Currency Group to shut down a CT business

Crypto conglomerate Digital Currency Group to shut down a CT business

This is a carousel. Use Next and Previous buttons to navigate At a news conference at 290 Harbor Drive in Stamford on Nov. 29, 2021, DCG announced plans to create more than 300 jobs in the state in the next five years. From left are Caroline Simmons, then Stamford mayor-elect, then-Mayor David Martin, Sen. Richard Blumenthal, Gov. Ned Lamont, Digital Currency Group founder and CEO Barry Silbert, U.S. Rep. Jim Himes and state Department of Economic and Community Development Commissioner David Lehman. STAMFORD — Embattled cryptocurrency conglomerate Digital Currency Group is shutting down one of its Stamford-based subsidiaries, while another of its businesses has filed for bankruptcy and faces federal charges — pressures that reflect widespread disruption in its industry. In a letter last week to shareholders, DCG founder and Chief Executive Officer Barry Silbert said the company had “made the difficult decision to wind down” HQ, the wealth management business that DCG founded in 2020. Employing about 30 people, most of whom are based in Stamford, HQ is set to be dissolved by the end of this month. “While we still believe in the HQ concept and its outstanding leadership team, the current downturn is not conducive for […]

How To Succeed In The World’s Most Attractive Market For Business

How To Succeed In The World’s Most Attractive Market For Business

The allure of America draws many international companies to expand there. But success can be … [+] Getty Images Many a U.K. business has found it impossible to resist the allure of the U.S. — often with less than ideal results. Retail group Marks & Spencer’s ill-fated acquisition of the preppy clothing brand Brooks Brothers, which it sold in 2001 for a third of the amount it paid for it 13 years earlier, is one of the clearest examples of how it can go wrong. But there have been many others. No doubt, as the urge to grow fuels expansion plans, there will be still more. But a new book suggests that the U.S. does not have to be a graveyard for companies from the U.K., or indeed anywhere else. In Make It In America , Matthew Lee Sawyer , a strategist and consultant whose business, Rocket Market Development, helps companies identify opportunities and succeed in U.S.markets, sets out a few pointers for avoiding disaster. Among the success stories he recounts are how a Turkish immigrant rose from running a feta cheese company to buying a bankrupt dairy factory and creating Chobani , which within five years became the […]