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Tag: disney politics

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“Ron, You’re Right” — Fired Marvel Exec Says He Sided With DeSantis Over Disney

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In an effort to cut back on spending, Disney CEO Bob Iger announced 7,000 job cuts across the company. Now an executive let go during the first wave of these cuts says he did not agree with Disney’s stance on the Florida Parental Rights in Education Act.

©Disney | Walt Disney Company Headquarters

We reported recently that Marvel Entertainment Chairman Isaac “Ike” Perlmutter was laid off in a round of job cuts. But now, Perlmutter has spoken with The Wall Street Journal, sharing his thoughts on everything that happened.

[Read more…]

7 Big Challenges Bob Iger Will Face as Disney’s New CEO

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Bob Iger is back as Disney’s CEO after Bob Chapek stepped down. Disney fans, investors, and shareholders all have high expectations for this shift in leadership, and Iger’s near-hero status to those groups might make his return more difficult than some expect.

Bob Iger

After disappointing streaming results in the last couple of quarters, execs are looking for someone to swoop in and make Disney+ profitable by the company’s promised deadline. Fans are looking for more “magic” and fewer price increases in the theme parks. Investors want to see strong results and profits from all aspects of the company. The Walt Disney Company Board of Directors wants a solid plan for Iger’s successor after his 2-year contract is up. Can Iger meet all of these expectations?

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Five Big Reasons You Might See An Empty Disney World in 2023

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In 2022, we saw a BIG surge in crowds at Disney World. Disney executives said that the parks were more in demand than ever, and they weren’t wrong. In fact, only recently have we seen a glimpse of the normal ebb and flow of crowds that we’re used to seeing throughout the year.

Crowds

Now that 2023 is here, we’re wondering if this trend will continue or if there will be a drop-off in crowd levels. As popular as Disney World is, we have some very good reasons why crowd levels may drop this year. Let us tell you why.

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Disney Signs Open Letter Supporting Respect for Marriage Act

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The Walt Disney Company has seen its fair share of the spotlight recently, first making headlines for not initially responding to Florida’s HB 1557, the Parental Rights in Education Bill — also known as the “Don’t Say Gay” Bill by critics.

Magic Kingdom

After facing backlash, Disney did issue a statement in support of the LGBTQIA+ community and promised to “build on their public commitment” to show that support. Later, the Walt Disney Company and CEO Bob Chapek pledged a donation to the Human Rights Campaign, which was ultimately not accepted by the organization. But now, Disney has made another public show of support of the LGBTQIA+ community, by standing up for the Respect for Marriage Act.

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UPDATE: What We Know About Disney World’s Reedy Creek Dissolution

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The Walt Disney Company has been at odds with Florida Governor Ron DeSantis ever since the company spoke out against Florida’s Parental Rights Bill (or what critics call the “Don’t Say Gay” bill) that the governor eventually signed into law.

Cars heading into the Magic Kingdom

Governor DeSantis retaliated against the company by threatening to dissolve Disney World’s Reedy Creek Improvement District, which allowed Disney World to act as its own county government. The Governor’s efforts to dissolve the district were successful, and a bill was passed to do so. Now, where do things stand with this situation?

[Read more…]

Gov. DeSantis Says State Government Will Control Disney World’s Reedy Creek District

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The Walt Disney Company and Florida Governor Ron DeSantis have been at odds since Disney opposed Florida’s Parental Rights in Education law (called the “Don’t Say Gay” bill by some). In retaliation, DeSantis threatened to dismantle Disney World’s Reedy Creek Improvement District and was ultimately successful in passing a bill that would do so. This district essentially allowed Disney World to function as its own county government.

Disney World Entrance

The dissolution of the Reedy Creek Improvement District (which takes effect in June 2023) happened quickly and has left many questions about the practical issues that will need to be addressed. For example, who will absorb Disney’s nearly $1 billion in bond debt? Now, Gov. DeSantis has given an update on what might happen once Reedy Creek is gone. [Read more…]

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