food IS a theme park
This past week, the Disney Company changed in a critical way.
Main Street
You’ve likely heard the news by now but Bob Chapek is no longer CEO and Bob Iger has returned to the position. The change resulted in some immediate impacts and could greatly affect the Disney Company further in the future. On top of that, a Festival has begun in EPCOT, and more news has been shared. So let’s go through all of the BIGGEST news from the week right now!
It’s finally time for the Macy’s Thanksgiving Day Parade!
©Macy’s Thanksgiving Day Parade
While it might not be taking place in Disney World, Disney was super involved this year with several huge floats. From the Star Wars Grogu Float to the returning Disney Cruise Line Float and some iconic Disney on Broadway performances, there were lots of things for Disney fans to watch out for, and we have all of the details!
In a sudden turn of events, Bob Chapek is no longer Disney’s CEO and Bob Iger has returned to lead for 2 years.
©Disney
We’ve shared a look at Disney stock values following the news of Iger’s return, a look at why Disney replaced Chapek with Iger, and celebrities’ reactions to the news. But now we’ve got more details about the determination made before Chapek was removed and what his exit payment could look like.
The Walt Disney Company’s last quarter wasn’t as profitable as some investors expected, and stock value for Disney dropped dramatically during their quarterly earnings call. But what effect does that have on the company itself?
Walt Disney Company Logo ©Disney
With major losses in streaming, Disney is looking at cost-cutting options to keep profits up, and it looks like they might have just decided on one major way to save some money. [Read more…]
Will Disney offer NEW discounts soon? Based on quotes from The Walt Disney Company’s 2022 Q4 earnings call, it sounds like new deals could be on the way.
Cinderella Castle
Quarterly earnings reports and calls can tell us a lot about what’s going on with Disney, including Disney+ subscriber numbers, theme park demand, changes in revenue, and more. During the most recent earnings call, Disney was asked about potential plans for keeping demand high during the predicted upcoming recession. How Disney responded gives us reason to be cautiously optimistic about new discounts coming in the future. [Read more…]
The Walt Disney Company just held its latest earnings call, and we already learned quite a bit about how the company is doing overall.
50th Anniversary Cinderella Castle
CEO Bob Chapek shared that revenue has grown over the past year, with parks revenue raking in $7.4 billion during Q4. And, this was all done despite some pretty significant losses from Hurricane Ian — which devastated much of Florida and impacted Walt Disney World operations. Disney shared just how much of an impact Hurricane Ian had, and we’re sharing the details below.
The past few years have been challenging for the Walt Disney Company. Not only did the COVID-19 pandemic shut down every Disney Park around the world (with some still closing occasionally due to the pandemic), but it also created a need for certain health and safety policies at the parks (which have changed over the past few years), including Disney World and Disneyland.
Mask Sign
This also affected movies and TV shows, with Disney requiring certain health and safety policies for those working on those productions. Previously, Disney required COVID-19 vaccinations for those on set, but that requirement was recently changed.
The Walt Disney Company will hit a HUGE milestone in 2023!
Disneyland
2023 marks 100 years of the Walt Disney Company and beginning January 27th, Disneyland Resort will begin celebrating the anniversary with new decor, merchandise, food, and more, and Sleeping Beauty Castle will get a brand new look!
Hurricane Ian has been impacting Florida, causing tornado and hurricane warnings, as well as flash flooding.
©NOAA
Disney World has been closed since yesterday, and will remain closed today, Thursday, September 29th. We’ve been giving you updates on what’s going on near the resort, including flooding and what’s been happening in the hotels. And now, Disney has made a statement on the storm.
Disney has reported HUGE revenue figures when it comes to its theme parks, increasing numbers of Disney+ subscribers, and a look at demand for the parks that is reportedly resilient and long-lasting…but Disney’s stock values aren’t celebrating.
Heading to Disney World Soon?
Over the past few years, we’ve seen Disney stock hit some low lows and high highs. So where is it at right now? Let’s take a look together.
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