food IS a theme park
Things are getting complicated for the Walt Disney Company.
©Reuters
Former CEO Bob Chapek left not long ago and Bob Iger suddenly returned to his CEO role. Since that time, we’ve seen slight increases in stock values, drops in stock value, and an activist’s attempt to bid for a seat on the Board of Directors of the Walt Disney Company. Now, we’ve got an update on what’s going on.
Bob Chapek is out. Bob Iger is back. And BIG changes are already taking place.
©Disney | Walt Disney Company Headquarters
We’ve taken a look at how Iger’s return has impacted stock values, organizational changes that are set to take place now that Iger is back, and whether Iger will reverse some of Chapek’s biggest decisions. But Iger’s return seems to also be having an impact when it comes to some executives.
Big decisions have been made regarding Disney’s current Chief Executive Officer (CEO).
Disney CEO Bob Chapek in Disney World on its 50th Anniversary
Bob Chapek has been Disney’s CEO since early 2020. Chapek’s name has been at the center of a lot of news lately, from the situation with Florida’s Parental Rights in Education Bill (what critics call the “Don’t Say Gay” bill), to the firing of a top executive, and more. We previously shared that the contract for Bob Chapek, Disney’s CEO, was likely to be renewed, and now we’ve got an update.
Disney stocks have hit surprising numbers, but not necessarily in a good way.
©Disney | Walt Disney Company Headquarters
We’ve been watching Disney’s stock values and the entire situation with the Company carefully over the past several months. From changes in leadership, to the Company’s involvement in a number of political situations, the repeal of the Reedy Creek Improvement District, and impressive revenue numbers in theme parks — Disney has seen a lot of change and development over the last few months. And stock values have changed along with it. But recently, the stock hit a surprising low.
The Magical Express is gone! Disney has shifted its focus to streaming! Extra Magic Hours have been replaced! A LOT has changed with the Disney company and the Disney parks over the past few years, but things are only just getting started.
Flower & Garden Festival
There are some major ways that Disney could be different in the future. From the way it handles new movie releases to the types of hotels you’ll get to stay at — Disney could be dramatically different 2, 5, or even 10-15 years from now. Here’s just what things could CHANGE in a big way.
For many Disney fans, the reason they love Disney so much is because of the emotion attached to it. They grew up watching Disney movies, going to the Disney parks, listening to Disney music, and generally feel a strong connection to the Disney brand.
Partners Statue in Magic Kingdom
MBLM is a Brand Intimacy Agency that, for the past 12 years, puts out an annual Brand Intimacy Study that measures and analyzes companies’ abilities to bond with their customers. In short, they can tell you the SCIENCE behind your obsession with Disney.
Things are changing at the House of Mouse.
©The Walt Disney Company
For the past several weeks, Florida’s Parental Rights in Education Bill (now law) and Disney’s responses to it have garnered a great amount of attention in the news. From Disney’s initial response to its most recent statement on the Bill’s passage into law, there has been a great amount of debate and controversy surrounding the law and Disney’s response to it. Now, looking to the future of Disney’s official responses to major events, Disney has decided to hire an individual with experience in the political field to take the helm as the Company’s lead spokesperson.
It’s time for some Disney news, people! The company often shares important updates and news during its quarterly earnings calls as well as during events like Investor Days, so we monitor all of these happenings in order to keep you informed.
Disney Investor Day ©Disney
Today, The Walt Disney Company took part in a Q&A session at the Morgan Stanley Technology, Media and Telecom Conference, and there were some interesting comments made about capacity at the Disney Parks.
Close your eyes and think about what it takes to be admired. Are you picturing lots of loyal fans? A dedication to positivity and compassion? A spirit of adventure? No matter what your definition may look like, some may feel that the Walt Disney Company is a pretty admired organization. (Despite some people’s current frustrations)
Entertainment is kind of their specialty!
Now, Fortune just released its 2022 list of the “World’s Most Admired Companies,” recognizing 100 major companies from across the globe. Did Disney make the list? Where did it rank? Let’s find out!
Big changes are on the way for the Walt Disney Company.
©Alberto E. Rodriguez / Getty Images
Bob Iger, the current Chairman of the Disney Company, will be stepping down at the end of this year. His replacement has already been announced, though one media analyst thinks Iger’s time with Disney isn’t over yet. Recently Iger sat down with CNBC and shared some details about why he chose to step down from his CEO role and what he’s got planned for the future.
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