Disney CEO admits ticket price hike

Walt Disney Company Chief Executive Officer Iger recently admitted that Disneyland ticket price increases may have been "too aggressive". Iger said at a conference on the 9th, "Some of our pricing may have been too aggressive to increase profits." He said that while the business can continue to grow, pricing needs to be smarter to maintain the value of the Disney brand. Iger also hinted that Disney could raise prices further and start licensing its streaming content to competitors.

FoxNews.com said Disney's business model has struggled in recent years to earn consistent profits under the new global crown epidemic. Data shows that the price of Disney World and Disney theme parks has increased 3,871 percent over the past 50 years, climbing nearly 40 times.