Walt Disney (DIS) - Get Walt Disney Company Report is getting the most out of its purchase of the rights to the "Star Wars" franchise as it plans to open its Star Wars: Galaxy's Edge attarcction in California and Florida in the coming weeks.
The media company announced that the first park will open at Disneyland Park in Anaheim, California, on May 31, and in Disney World in Orlando, Fla., on August 29.
Galaxy's Edge will feature two Star Wars-themed rides called Millennium Falcon: Smuggler's Run and Star Wars: Rise of the Resistance. The parks will be an immersive experience, with park employees playing the roles of characters in the Star Wars universe.
The company also has plans for a Star Wars-themed hotel just outside the park in Orlando.
The announcement came during Disney's annual shareholder meeting.
Walt Disney is a holding in Jim Cramer's Action Alerts PLUS charitable trust.
A Special Invitation:Do you want to learn more about planning for and living retirement from the nation's top experts, including Ed Slott and Robert Powell, the editor of TheStreet's Retirement Daily? Want to learn how to create tax-efficient income in retirement and how to manage and mitigate all the risks you'll face in retirement? Then sign up to attend TheStreet's Retirement Strategies Symposium on April 6 in New York City. For a limited time, you can attend this extraordinary symposium for $149 - a cost savings of $50 off the general admission price of $199.
You can see the full day's agenda, learn about the guest speakers and sign up HERE for this special event.