Disney legend, Ron Logan, has passed away at the age of 84.
©Disney
He was the former Executive Vice President and Executive Producer for Walt Disney Entertainment.
Disney Legend and Executive Ron Logan Has Passed Away.
NEWS: Disney Parks Revenue Increases By $4.3 BILLION in Q3
Did you catch all the news from Disney’s Q3 2022 earnings call and latest earnings report?
©Disney
The report and call usually reveals a lot of details about Disney’s current financial standing. This quarter’s call provided new subscriber numbers for Disney+, and some important information about the theme parks. In case you missed it, we’re breaking down some of the most important news from the call!
BREAKING: Updated Disney+ Subscriber Numbers RELEASED
Disney+ has been pumping out a ton of exclusive content. But is the hard work paying off?
©Disney
Over the past couple of months, Disney’s streaming service has released Obi-Wan Kenobi, Ms. Marvel, Doctor Strange in the Multiverse of Madness, and Lightyear. But that’s only the tip of the iceberg…there’s a lot more content on Disney+ right now (we’d just be sitting here for a long time if we listed it all out). And today, Disney met for the Fiscal Year Quarter 3 Earnings Call to discuss how Disney+ is doing.Â
Bob Iger Reportedly Regrets Picking Bob Chapek as Disney’s CEO
In early 2020, Bob Iger stepped down and Disney suddenly had a new CEO — Bob Chapek, and it turns out there are some parts of that transition that former CEO Bob Iger regrets.
©Reuters
The announcement of Bob Chapek’s selection and the start of his term happened very quickly, and within the upcoming months/years Chapek would have to face the pandemic, the closure of Disney’s theme parks around the world, changing theatrical releases, the Florida Parental Rights in Education Bill (what critics call the “Don’t Say Gay” bill), and more. Now, Iger has officially left Disney and Chapek will be sticking around for several more years. But it seems Iger may have some big regrets about how this all played out.
Disney Delays Relocation of Thousands of Employees to Central Florida
The Walt Disney Company has made headlines over the past few months, many times due to the Company’s clash with Florida Governor Ron DeSantis regarding Florida’s Parental Rights in Education Bill (what critics call the “Don’t Say Gay” bill).
©Disney | Walt Disney Company Headquarters
From the “Don’t Say Gay” bill to the repeal of Disney’s Reedy Creek Improvement District, many things have changed surrounding Disney’s interactions with those governing the State of Florida. And now another thing is changing regarding Disney and Florida when it comes to the movement of certain offices there.
NEWS: Disney Stock Plummets to a New Low for 2022
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.Â
Disney CEO Bob Chapek Likely to Renew Contract Soon
Bob Chapek, the CEO of Disney, has been at the center of a lot of news lately.
Disney CEO Bob Chapek in Disney World on its 50th Anniversary
In the past few months, Chapek has been involved in the controversy surrounding Florida’s Parental Rights in Education Bill, which critics have called the “Don’t Say Gay Bill”, a decrease in Disney’s stock value, and the firing of a top Disney executive. However, it seems that CEO Bob Chapek isn’t going anywhere in the near future.
Disney+ Ramping Up Its Move to Ad-Based Subscriptions
The media industry (including streaming services like Disney+) is almost constantly changing.
©Disney
For example, Netflix is introducing measures to crack down on password sharing, as well as looking into advertisement-based subscriptions after losing hundreds of thousands of subscribers with the expectation that they will continue to lose more. Disney also recently announced that an ad-based subscription plan will be coming to their streaming service, Disney+, later this year, as well.
The REAL Reason You’re Spending 40% MORE In Disney World Now.
Disney World is EXPENSIVE and apparently, guests are spending more than they ever have before.
Magic Kingdom
According to the 2022 Second Quarter Earnings Report from the Walt Disney Company, Disney World and Disneyland visitors are spending 40% more today than they did ahead of the pandemic in 2019. But WHY are Disney guests spending so much more?
NEWS: Disney Reports BIG Park Revenues Despite Recent Drops in Stock Value
The big crowds we’ve been seeing in Disney World recently might indicate that The Walt Disney Company has been doing “okay” financially from a parks perspective, but dropping stock numbers could show a different picture. Now we’ve got a much better idea of where things stand as Disney has released their quarterly earnings report for the second quarter of fiscal year 2022.
Disney World
The Earnings Report for the Second Quarter of Fiscal Year 2022 covers some early months in 2022, ending on April 2nd, 2022. These early months had some pretty major events for Disney. We saw restaurants reopen in the parks, the release of a popular Marvel show on Disney+, a couple of big announcements about ongoing projects, and more. So how are the parks, Disney+, and other aspects of the company REALLY doing? Let’s see the numbers. [Read more…]
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