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
The Walt Disney Company has announced that their annual meeting of shareholders will be held on Wednesday, March 9, 2022. The virtual meeting will begin at 1:00 p.m. ET / 10:00 a.m. PT. The webcast will be available at www.disney.com/investors.
Bob Chapek wants the world to see him as more than a bean counter as he approaches the start of his second full year as Disney CEO. “He’s had a rough year and a half,” producer Alan Horn told Christopher Grimes and Anna Nicolaou of the Financial Times. That “rough year and a half” began … Read more
According to Variety, Geoff Morrell will be replacing Zenia Mucha as the chief communications officer for The Walt Disney Company. Morrell will also reportedly take over government relations, which is part of Alan Braverman’s duties as chief counsel and senior executive vice president. Both Mucha and Braverman are stepping down at the end of this … Read more
As the transition within The Walt Disney Company from the era of Bob Iger to Bob Chapek reaches its completion and we approach Iger’s retirement date at the end of this year, the former CEO is tying up a few loose ends and saying his final goodbyes to the company he’s spent nearly 50 years … 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 Wednesday, December 1, 2021. Walt Disney World … Read more
Susan Arnold has been named Bob Iger’s successor as Chairman of the Board for the Walt Disney Company, reports Variety. Former Walt Disney CEO Bob Iger takes his leave on December 31 of this year. Arnold has been a Director at the Walt Disney Company since 2007.
According to a report by Variety, Disney will increase its content budget by $8 billion in fiscal year 2022, making the content budget line item $33 billion. The increase came to light after Disney filed its annual report with the Securities and Exchange Commission. Disney intends to gain a further foothold in the streaming market … Read more
At the Destination D23 fan event this morning, the logo was revealed for the upcoming 100th anniversary of The Walt Disney Company. The anniversary is coming in 2023, but the year-long celebration will kick off next year to much fanfare. Today during the presentations at the Destination D23 fan event at Walt Disney World, the … 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 Wednesday, November 17, 2021. Walt Disney World … Read more
According to the new fourth quarter and fiscal year report from The Walt Disney Company, it invested less in theme parks in 2021 than in 2020. The table above shows investments in millions. Total investments for Disney Parks, Experiences, and Products dropped from $2,904 million to $2,272 million. Most of this change is accounted for … Read more
The campaign to replace The Walt Disney Company’s CEO, Bob Chapek, has exploded in popularity. After being shared by former Disney Imagineers, the Change.org petition calling for his firing has reached 30,000 signatures. While the petition’s justifications aren’t completely clear, and not everyone agrees with most of the statement, it’s clear that there is resentment … Read more
It is no secret that a vast majority of Disney fans have not taken a liking to the newest CEO of the Walt Disney Company, Bob Chapek. Questionable decision-making and actions by Disney post-COVID may be why a petition to fire Bob Chapek has been started. It’s not just Disney fans that are passing around … Read more
This year, The Walt Disney Company purchased 60 acres of land in Lake Nona, for the purpose of re-locating much of Walt Disney Imagineering from California to Florida by 2023. While some employees are leaving the company rather than making the move, others are already searching for their new Florida home. Orlando Business Journal reports … Read more
Despite the recent addition of new series like “Loki” and Marvel’s “What If…?”, Disney+ subscription rates are slowing. The slowing demand has caused Disney stock (NYSE:DIS) to drop. The stock closed at $171.41, down 3.01% today. According to a release from Schaeffer’s Investment Research, Inc., Barclays downgraded Disney stock, cutting its target price to $175 … Read more
As Bob Iger continues to wind down his tenure at The Walt Disney Company, the executive chairman recently had a word of caution for his fellow executives, according to The Hollywood Reporter‘s Kim Masters. Masters reports that at an annual retreat for Disney executives in July, Iger told his subordinates: “in a world and business … Read more