With Disney’s parks and resorts shuttered across the globe due to the ongoing COVID-19 pandemic, and movie theaters across the nation sharing a similar fate, the conglomerate’s revenue has been severely compromised, giving temporary leeway for companies like Netflix, which are focused on “stay-at-home” products like video streaming, to gain a financial advantage. In fact, just … Read more
Walt Disney World has donated a huge supply of treats to the City of Orlando Police Department, in support of all the hard work they have been doing during these unprecedented times. In a heartwarming video tweet posted by the Orlando Police Despartment, officers were shown in front of pallet-loads of boxes full of treats, … Read more
As updates continue on the status of Walt Disney World furloughs, the Florida Governor Ron DeSantis stated today in a press conference that the state is “open” to auto-enrolling the thousands of furloughed Cast Members upon the start of the company-wide furlough on April 19. Florida Gov. Ron DeSantis says the state is "open" to … Read more
With the Coronavirus (COVID-19) pandemic not going away any time soon and The Walt Disney Company still facing an uncertain financial future, the company has secured a new credit line of up to $5 billion, according to Seeking Alpha. Disney revealed in a new SEC filing on Monday that it entered into a 364-day credit agreement … Read more
The Walt Disney Company has seen a number of changes in quick succession in the past few weeks, from appointing Bob Chapek as new CEO to facing the crippling economic effects of the ongoing Coronavirus (COVID-19) pandemic. Throughout the current crisis, however, only one voice from the upper echelons of the company has spoken out, … Read more
With Disney Parks around the world closed for the foreseeable future, WDWNT is dipping into our archives of vintage materials for a look back into Disney history! And this one is a treat for lovers of Disney in the 1960’s, as we take a look at the Walt Disney Productions 1965 Annual Report! Note: This article … Read more
Every week is a busy week when it comes to Disney news. To help you keep up with all the updates coming out of Walt Disney World and other Disney resorts, here’s WDWNT’s weekly recap of the Disney news from April 6-12! If you have been following our news coverage over the past few weeks, … Read more
Every week is a busy week when it comes to Disney news. To help you keep up with all the updates coming out of Walt Disney World and other Disney resorts, here’s WDWNT’s weekly recap of the Disney news from March 30 – April 5! If you have been following our news coverage over the … Read more
Faced with incredible financial difficulty in light of extended park, resort, and film studio closures due to the ongoing Coronavirus (COVID-19) pandemic, The Walt Disney Company is seeking economic relief from the Coronavirus Aid, Relief, and Economic Security (CARES) Act economic aid package that will be issued by the government in order to help subsidize loans … Read more
Despite unprecedented parks closures due to COVID-19 and even recent salary cuts for executives, it seems Disney is always looking to expand, and now it’s purchased even more acres of land just west of the Magic Kingdom. According to the Orlando Business Journal: “An entity related to Burbank, California-based The Walt Disney Co. has scooped up … Read more
Disney has just announced that Senior Executives for the Walt Disney Company will be taking salary cuts to help in the midst of the unprecedented effects of COVID-19 on the company and the indefinite closure of Disney Parks across the globe. Bob Chapek sent out an email earlier saying all senior executives will have their … Read more
Every week is a busy week when it comes to Disney news. To help you keep up with all the updates coming out of Walt Disney World and other Disney resorts, here’s WDWNT’s weekly recap of the Disney news from March 23-29! If you have been following our news coverage over the past few weeks, … Read more
With the Coronavirus (COVID-19) pandemic not going away any time soon and The Walt Disney Company still facing an uncertain financial future, the company has acquired more cash, this time in a $1.3 billion debt offering in Canada, according to The Hollywood Reporter. Disney revealed in a SEC filing on Thursday that it raised through … Read more
Every week is a busy week when it comes to Disney news. To help you keep up with all the updates coming out of Walt Disney World and other Disney resorts, here’s WDWNT’s weekly recap of the Disney news from March 16-22! If you have been following our news coverage over the past two weeks, … Read more
In 1923, the Disney Brothers Cartoon Studio was founded by Walter Elias and Roy Oliver Disney. In the decades that followed, the animation studio would evolve into something far different and far larger than either of them could have ever expected. However, as the old adage goes, time waits for no man, and the reigns … Read more
Today, The Walt Disney Company announced a $6 billion debt offering. Five different notes were part of the offering, with maturity dates ranging from 2025 to 2050. In the filing with the Securities and Exchange Commission, Disney stated the purpose of the offering is “to use the net proceeds from the sale of the notes … Read more