TikTok deal brings fan-created Disney content to Disney+ app
The Walt Disney Co.’s domestic theme parks reported a 27% increase in operating income during the third quarter, even as operating income declined 13% for international parks and Experiences, the company said.
The Experiences division — which includes Disney’s six global theme parks, its cruise line, merchandise and video game licensing — posted $3.02 billion in operating income, a 20% increase, on revenue of $9.97 billion.
Movies like “Toy Story 5” and ongoing strength from U.S. parks contributed to the quarter’s results.
Separately, Disney announced a global short-form content-sharing agreement with TikTok. The deal will bring Disney-focused fan-created content from TikTok to the Disney+ app.
Disney cautioned earlier this year that its theme parks division would likely see modest growth, due in part to declining tourism from abroad.
The Associated Press reported that international tourism in the U.S. has waned since President Donald Trump returned to the White House, citing “tariffs, a crackdown on immigrants, and repeated jabs at allied nations.”