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, June 17, 2021. Walt Disney World … Read more
Bob Iger, Chairman and ex-CEO of The Walt Disney Company, has sold $98.7 million worth of shares in the company in an effort to diversify his portfolio. According to Bloomberg, Iger disposed of 550,570 shares at an average price of $179.21 on June 1, cutting the shares he owns by 50% to 555,865. In a … Read more
According to reports from multiple Cast Members, Disney is not providing necessary information regarding financial assistance available through The American Rescue Plan (ARP). The sweeping ARP bill was enacted in March 2021 by President Joe Biden, and most Americans know the bill for the $1,400 direct payments it provided. Another part of the bill offers … Read more
Disney CEO Bob Chapek is on the move. No, he’s not leaving Disney (we can dream, right?). Chapek has purchased a $12.5 million mansion in Westlake Village, California. The home, built in 2013, sits on just over 6 acres of land. According to real estate site dirt.com, Chapek’s new home has six bedrooms and 6.5 … Read more
Bob Iger, the Executive Chairman and former CEO of the Walt Disney Company, was interviewed recently by Sirius XM Business Radio about what his plans will be after he officially leaves the company on December 31st of this year. The episode is a part of Sirius XM Business Radio’s Leadership Matters series and airs on … Read more
A class action lawsuit was filed in 2019 on behalf of two Walt Disney Studios Cast Members who believe that the Disney Company was guilty of discrimination and not following pay equity standards. The Walt Disney Company spoke out in a statement in regards to this lawsuit: The lawsuit’s uninformed generalized allegations about Disney’s policies … Read more
As more homes “cut the cord” by disconnecting from cable television and satellite providers, viewers have turned to streaming services like Disney+. Streaming services put a nearly endless amount of content at our fingertips, but lack one thing: interactivity. A Disney patent application published March 4, 2021 would bring new levels of interactivity to nearly … Read more
Almost two years after acquiring 21st Century Fox, The Walt Disney Company is shutting down Fox’s Blue Sky Studios. Blue Sky Studios was founded in 1987 and released thirteen feature animated films, including the Ice Age films. The COVID-19 pandemic has negatively impacted many studios and it seems Disney can no longer financially support Blue … Read more
UBS has upgraded The Walt Disney Company from neutral to buy status. They have lifted Disney’s price target to $200, up from $155. Analysts said, “We believe Disney is positioned to achieve scale similar to industry leader Netflix with 340M+ global subscribers by 2024 while its premium IP creates pricing power and enables the company … Read more
With a Wednesday report, Guggenheim Securities analyst Michael Morris has raised his stock price target on The Walt Disney Company by $15, bringing it to $200. Disney’s stock closed on Tuesday at $175.99. This theme park forecast “reflects a slower revenue recovery than current consensus estimates in fiscal year 2021-2023 and stronger long-term economic potential … Read more
In a statement today, The Walt Disney Company has taken an even stronger stand against the events that took place at the U.S. Capitol last week, stating the company will make no monetary contributions to lawmakers that rejected the Electoral College Certification which occurred on January 6th of this year. This comes after Disney CEO … Read more
For nearly a century, The Walt Disney Company has been primarily based in California. But according to a new report from the Orlando Business Journal, things could be changing soon, as the company is reportedly considering moving a number of its divisions to Florida. Jack Witthaus and Richard Bilbao write that Disney could be relocating … Read more
According to a Deadline report, Richard Bates has died. He was 70. Bates served as The Walt Disney Company’s Senior Vice President, U.S. Government Relations. Bates took the position in 2010. Bates worked for The Walt Disney Company for 29 years. Before his Disney tenure, Bates was the executive director for the Democratic Congressional Campaign … Read more
Long-time Star Wars novelist Alan Dean Foster is sharing more details regarding his troubled business relationship with Disney. In November, Foster claimed that Disney owes him royalties for Star Wars novelizations published before Disney’s Lucasfilm acquisition. Now Foster is saying that Disney removed a Rey/Finn relationship from his Star Wars: The Force Awakens novelization. According … Read more
The Walt Disney Company has announced new environmental goals for 2030 focused on five main areas: greenhouse gas emissions, water, waste, materials, and sustainable design. CEO Bob Chapek issued the following statement regarding the company’s environmental goals: “Disney has shown a strong commitment to the environment throughout its history and we’re excited to continue building … Read more
According to Deadline, The Walt Disney Company is not paying royalties to authors that wrote novelizations for franchises it has acquired. The authors, including legendary Star Wars novelist Alan Dean Foster, have not received royalties since Disney purchased Lucasfilm and 20th Century Fox. We previously reported on Foster’s claim against Disney. The Deadline article mentions … Read more