Contrary to how Disney stock dropped last month after Netflix announced mediocre subscriber growth in their Q1 report, $DIS has skyrocketed in the after-hours as their report went live. With profits exceeding expectations and Disney+ adding 11.8 million subscribers last quarter, investors were clearly happy with the results. Stock has risen by over 11% since … Read more
During The Walt Disney Company’s First Quarter 2022 Financial Results Conference Call, CFO Christine McCarthy spoke on how mobile dining and check-in are considered an “upside” of Disney Parks. Mobile ordering and check-in definitely make things easier and more efficient for guests who know how to utilize this mobile technology. But is it too efficient … Read more
Disney CFO Christine McCarthy commented during the 2022 Q1 earnings call that the domestic parks have seen a “more favorable guest and ticket mix” after announcing that per capita spending rose to 40% versus Q1 2019, which was pre-pandemic. Disney credited much of the increase to Genie+ and Lightning Lane, but the “ticket mix” comment … Read more
The first quarter of 2022, technically running from early October 2021 to early January 2022, was the second-best of all time for Disney Parks. As we reported, Disney Parks made $7.2 billion this quarter, more than doubling from last year’s first quarter.
The Walt Disney Company has announced Alexia Quadrani will lead their Investor Relations team as Senior Vice President. Read more from Disney below. Alexia Quadrani is being named Senior Vice President, Investor Relations for The Walt Disney Company. It was announced today by Christine McCarthy, Senior Executive Vice President and Chief Financial Officer. Quadrani most … Read more
Abigail Disney, the granddaughter of Roy Disney, has co-directed a new film with Kathleen Hughes that criticizes the way The Walt Disney Company treats their theme park Cast Members. “The American Dream and Other Fairy Tales” is executive produced by Abigal’s brother Tim Disney and produced by their sister Susan Disney Lord. It will premiere … Read more
Disney CEO Bob Chapek saw a pay increase in 2021 than more than doubled his 2020 compensation, according to Deadline and new SEC filings. As is often the case with executives, his compensation wasn’t entirely salary. He made $10.2 million from stock awards, and $14.3 million via the company’s non-equity incentive plan. This actually puts … Read more
CEO Bob Chapek has outlined his goals for the next century of The Walt Disney Company in a new memo to Cast Members. He pointed to three specific pillars: storytelling excellence, innovation, and relentless focus on the audience. Read Chapek’s memo below. Team, As we begin the New Year, I want to share our mission … Read more
After spending some time at Walt Disney World, Bob Iger tweeted this morning to commemorate his final day with ABC and The Walt Disney Company. He thanked colleagues, Cast Members, and his family. “This is the end of my 47 1/2 yr ABC @Disney journey and it was ‘the ride of a lifetime.’ Enormous thanks … Read more
The Walt Disney Company has announced that Horacio Gutierrez, formerly of Spotify, has been hired to replace the retiring Alan Braverman as the company’s Senior Executive Vice President, General Counsel and Secretary beginning February 1st. From Disney: Horacio Gutierrez has been named Senior Executive Vice President, General Counsel and Secretary of The Walt Disney Company, … Read more
The Walt Disney Company has announced that they have extended Chief Financial Officer and Senior Executive Vice President Christine McCarthy’s contract through June 30, 2024, according to Deadline‘s Jill Goldsmith. McCarthy, who has worked for Disney for 22 years, has held the position of CFO since 2015. In her role, she supervises Disney’s global finance … Read more
Over the years, it’s been speculated that The Walt Disney Company and Apple could merge. Now, with just over a week until his exit from Disney, Bob Iger has lent credence to that rumor. According to AppleInsider, in an interview with CNBC, Iger stated his belief that if Steve Jobs were still alive, the two … Read more
Bob Iger, the former CEO of The Walt Disney Company, is set to step down from his Chairman of the Board position at the end of this month after handing the CEO position over to Bob Chapek last year. Iger recently spoke to CNBC about his impending retirement. “I became a little bit more dismissive … Read more
Just yesterday, CNBC reported that executives were betting on Bob Iger’s return as CEO of the Walt Disney Company in 2022. Now, the news station has released a clip from an interview with Bob Iger where he declares his desire for a “blank canvas.” Iger, who has been delaying his imminent retirement since 2015, is … Read more
In a recent report from CNBC, anonymous executives confessed their prediction that Bob Iger will return as CEO of The Walt Disney Company in 2022. One executive told CNBC there are “already internal wagers at Disney about Iger returning.” Public outcry against current CEO Bob Chapek grows as Disney stock suffers a nearly 20% year-to-date … Read more
Disney has responded to the civil lawsuit against Walt Disney Parks and Resorts in regards to the Magic Key Program at Disneyland Resort. The company has chosen to file a notice of removal, which takes the case from state court to a United States District Court. The lawsuit was filed by Janale Nielsen (both individually … Read more