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$300 MILLION To Be Written Off Due To Star Wars: Galactic Starcruiser

News - WDW 22-May-2023

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Disney announced that Star Wars: Galactic Starcruiser would be closing for good this September. Following this announcement, Disney Parks Chairman Josh D'Amaro has given some more information on the closure. He said it didn't perform how they wanted it to, and the depreciation will accelerate between $100 million to $150 million per quarter over two quarters. Which means that Disney could be writing off up to $300million on the project.

I don’t think we’ve talked about this before, but in both Q3 and Q4 as we accelerate depreciation on that Starcruiser, we should expect about $100-150 million acceleration in depreciation.

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