food IS a theme park
You may have seen Bob Chapek’s name in the news often lately.
Bob Chapek
Bob Chapek is The Walt Disney Company’s current Chief Executive Officer (CEO), and we have recently discussed his comments on potential Disney Parks price increases, park pass reservations, and how many guests are actually purchasing Genie+. If you’re interested in hearing more about what Chapek has to say, soon we will be hearing a bit more from him, and here’s how you can join in on the conversation.
Disney legend, Ron Logan, has passed away at the age of 84.
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He was the former Executive Vice President and Executive Producer for Walt Disney Entertainment.
Did you catch all the news from Disney’s Q3 2022 earnings call and latest earnings report?
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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!
Disney+ has been pumping out a ton of exclusive content. But is the hard work paying off?
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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.
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.
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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.
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).
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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.
Disney stocks have hit surprising numbers, but not necessarily in a good way.
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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.
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.
The media industry (including streaming services like Disney+) is almost constantly changing.
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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.
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?
Our handy (and portable!) ebook guides make sure you get the best deals and can plan a vacation of a lifetime.
