food IS a theme park
There could be some BIG Disney news on the horizon!
©Disney
Even though Destination D23 is behind us, there are still opportunities for big Disney announcements coming up. The IAAPA Expo from November 13th through the 17th could provide some Disney Parks updates but there is one important date just before then which could shed some light on future Disney plans. [Read more…]
Things within The Walt Disney Company are changing. We’ve seen some major executive leadership changes over the past few months, big announcements about Disney’s plans for the future, and some small but important financial changes ahead of the fourth-quarter earnings call.
©Disney | Walt Disney Company Headquarters
Back in August, we saw Disney’s stock prices drop lower than we’ve seen them in about nine years, and at the Q3 earnings call for fiscal 2023, we learned that Disney’s revenue wasn’t as high as many hoped. But Disney keeps moving forward. Earlier this year, there was a lot of speculation over Disney’s plans to acquire more stake in Hulu. The company already owns about two-thirds of Hulu, and Comcast owns the other third. Fast-forward to September, and Comcast and Disney signed an agreement to begin sale talks for Comcast’s stake in Hulu early, deciding to begin negotiations on September 30th, 2023. Well, as of November 1st, 2023, it seems the two companies reached an agreement.Â
Disney has a lot of fires to put out.
©Hulu
While already facing the impending dissolution of the Reedy Creek Improvement District, the Company is also dealing with management changes thanks to the return of Bob Iger as CEO, along with a proxy battle for a seat on the Board of Directors. Amidst ALL of this, Disney must look to the future — well beyond 2023 — to a world where Hulu could become fully owned by Disney, and determine whether an earlier purchase of the Company can be made. But it might not be all that easy.
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