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
The Walt Disney Company’s campus in Lake Nona, Florida is coming closer to fruition. Disney has reportedly purchased approximately 60 acres of land in southeast Orlando for the project, according to Jack Witthaus of the Orlando Business Journal. According to records from Orange County, a Disney-connected entity, Dynamic Campus LLC, made the purchase from Lake … 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 Thursday, September 2, 2021. Walt Disney World … Read more
There seems to be some turmoil within The Walt Disney Company, as several high-ranking executives are reportedly furious at ABC News President Kim Godwin over a possible sexual assault investigation, according to CNN Business‘ Oliver Darcy. Darcy reports that Godwin, who assumed her role less than six months ago, has been calling for an independent … 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, September 1, 2021. Walt Disney World … Read more
As part of its ongoing commitment to broader diversity, The Walt Disney Company has announced the “Reimagine Tomorrow” initiative. The initiative highlights Disney’s current efforts to showcase stories and talent from underrepresented communities, as well as its intentions for the near future. As Disney states on the Reimagine Tomorrow website: At Disney, inclusion is for … Read more
The Walt Disney Company has made a $32,400 donation to the 2022 reelection campaign for California Governor Gavin Newsom, according to Deadline. This is not the first expression of support for Governor Newsom displayed recently as the Motion Picture Association, of which Disney belongs, has been supporting the governor through the ongoing recall election. Disney … Read more
A Washington Post article this morning dropped Disney’s name as they explained a plan to fight against the Democratic tax plan. Currently, there is a still-forming economic plan with intents to expand Medicare coverage, offer universal pre-kindergarten to all children, provide new help to low-income families, and invest substantial sums toward combating climate change. All … Read more
Disney has reportedly begun talks with Lake Nona real estate developer Tavistock to create an age-restricted community within Sunbridge, according to the Orlando Business Journal. No details as to the size or construction timeline are available yet. This development comes after the news that 2,000 Cast Members are being relocated to the upcoming Lake Nona … Read more
In a statement released today by the Services Trade Council, it was announced that Disney has reached an agreement with the unions to require Cast Members to be fully vaccinated against COVID-19. “Employees with medical conditions or sincerely held religious beliefs will be eligible to apply for an accommodation through a negotiated process. This process … Read more
This morning, we reported that Disney had filed a motion to force Scarlett Johansson’s “Black Widow” lawsuit into private arbitration. Now, Johansson has fired back via her attorney, John Berlinski, accusing Disney of “trying to hide its misconduct.” “Why is Disney so afraid of litigating this case in public?” Berlinski said in a statement. He … Read more
In the latest update on the ongoing lawsuit by Scarlett Johansson against Disney, the media conglomerate has filed a motion that would force the lawsuit into private arbitration. Johansson alleges that Disney breached her contract for “Black Widow” by releasing the film simultaneously to Disney+ Premier Access and traditional theaters, thereby compromising her potential earnings. … Read more
It seems that another Marvel Studios star may also have issues with Disney leadership and streaming plans. Simu Liu, the star of the upcoming “Shang-Chi and the Legend of the Ten Rings,” took to social media after comments made by Disney CEO Bob Chapek. According to Variety, Liu is likely reacting to a comment made … Read more
A Florida man has been arrested in Pinellas County for sending threatening tweets to Walt Disney World executives, according to WESH. Steven Jordan, 31, harassed other companies on Twitter before his account was suspended. He sent two Tweets to Disney, which read: “@Disney or we will blow up all of your execs houses with C4” … Read more
On this afternoon’s Q3 2021 earnings call, Disney CEO Bob Chapek announced that November 12 will be Disney+ day. Details aren’t available yet, but Chapek said it will be a “company-wide cross-promotional campaign.” New titles will be announced as a focal point for consumers who have not yet switched over to Disney+. The day will … Read more