Bob Iger, CEO of The Walt Disney Company, will appear on CNBC’s Squawk Box on Thursday morning. Iger’s interview with David Faber will air at 8:00 a.m. ET on July 13, 2023. Squawk Box, according to the CNBC website, is the” ultimate ‘pre-market’ morning news and talk program, where the biggest names in business and … Read more
According to a recent court filing in their lawsuit against Florida Governor Ron DeSantis and the Central Florida Tourism Oversight District Board of Supervisors, Disney suggested the groups seek mediation instead of going to trial. But DeSantis’ legal team rejected the idea. In the filing, Disney said that “early mediation may be beneficial in this … Read more
Florida Governor Ron DeSantis has filed a Motion to Dismiss the federal lawsuit that The Walt Disney Company has filed against him. In the motion, attorneys for DeSantis asks the Court to “dismiss the amended complaint, or at minimum, dismiss all claims against the State Defendants,” and provides three main arguments for dismissing the suit. … Read more
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Friday, June 16, 2023. Walt Disney World Magic … Read more
According to Wall Street Journal sources, The Walt Disney Company CEO Bob Iger and CFO Christine McCarthy have clashed over how much money Disney spends on content and recent restructuring, leading to her stepping down. Disney announced yesterday that McCarthy will be stepping down as CFO and taking a medical leave of absence. She will … Read more
The departure of The Walt Disney Company CFO Christine McCarthy could mean Bob Iger will stay on as CEO for longer than originally announced. Analyst Alan Gould of the investment firm Loop Capital said he believes Disney’s Board of Directors could ask Iger to stay as CEO after his contract expires next year. “The Board … Read more
At the Apple Worldwide Developers Conference 2023 event today, the tech giant announced a new mixed reality headset that will be compatible with Disney+ from day one. The Apple Vision Pro is one of the biggest announcements in a decade from Apple, and will retail for $3,499. Disney & Apple Team Up for Mixed Reality … Read more
The Walt Disney Company CEO Bob Iger rejected ideas to retheme Star Wars: Galactic Starcruiser or offer tours to day guests, The Wrap reports. Star Wars: Galactic Starcruiser Star Wars: Galactic Starcruiser will be permanently closing this September after a little more than a year and a half of operation. Disney has not stated what … Read more
Disney was set to build a large campus in Lake Nona, Florida with plans to move over 2,000 employees, including Imagineering. Now, Parks, Experiences, and Products Chairman Josh D’Amaro has announced that the whole project has been canceled. Disney has simply cited “changing business conditions” as the reason for the cancellation. According to CNBC, Josh D’Amaro … Read more
In a recent exclusive interview with The American Conservative, Ron DeSantis proclaimed that Disney has vowed to “wage a jihad” against the Parental Rights in Education Act. DeSantis Interview Ron DeSantis recently interviewed with The American Conservative, explaining his reasoning and opinions behind his current feud with The Walt Disney Company. He focused largely on … Read more
Former CEO Bob Chapek, current CFO Christine McCarthy, and former Entertainment Chief Kareem Daniel are listed as defendants in a new lawsuit filed against the Walt Disney Company. The lawsuit claims the corporation restructured last year during Chapek’s leadership only to create a fraudulent scheme, hiding Disney+ streaming costs in order to deceive investors of … Read more
“The House of Mouse: Bob Iger and the Fight for the Soul of Disney,” an upcoming book by Wall Street Journal’s Robbie Whelan, has sold pre-emptively to HarperCollins imprint William Morrow. Matthew Belloni announced the sale via the Puck newsletter, and Whelan posted about the news on Friday. While the book’s current title is “The … Read more
The Walt Disney Company stock has taken quite the dive this morning, with Disney stock plummeting nearly 9% since yesterday. Disney Stock Disney stock (DIS) dropped in premarket trading after their disappointing first-quarter report. Yesterday, after their second-quarter report, it dropped even more. This also comes after a surprise decline in Disney+ subscribers in Quarter … Read more
Disney CEO Bob Iger, who returned to lead the company roughly six months ago, announced the cost-cutting strategy recently implemented through budgetary and labor reductions is on track to “meet or exceed” the $5.5 billion savings target. Disney Budget Target Nearly Acquired Executives at The Walt Disney Company were asked by Iger to identify thousands … Read more
U.S. Magistrate Judge Martin Fitzpatrick has recused himself from the lawsuit Walt Disney Parks & Resorts filed Wednesday against Florida Governor Ron DeSantis and his personally-appointed Central Florida Tourism Oversight District Board. Fitzpatrick stated he is related “in the third degree” to someone employed by one of the parties, and sought to avoid any potential … Read more
BuzzFeed’s founder Jonah Peretti reportedly turned down Bob Iger’s $650 million offer to purchase the company ten years prior. Now, the once mega-successful company faces removing their news division completely, laying off 15% of its staff. Buzzfeed Declined Disney Deal Bob Iger, pictured left, is the current CEO of The Walt Disney Company. Jonah Peretti, … Read more