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NEWS: Disney Reports BIG Park Revenues Despite Recent Drops in Stock Value

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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…]

NEWS: Updated Disney+ Subscriber Numbers Released

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Disney+, Disney’s streaming service, is home to a lot of exclusive content, including Marvel shows like Moon Knight, Loki, and WandaVision. It has also expanded the Star Wars universe with shows like The Mandalorian and The Book of Boba Fett.

©Disney

A few months ago, Disney announced plans to expand the service even further with the option to subscribe to a Disney+ plan with advertisements at a lower cost, which would (theoretically) allow more individuals to subscribe to the service. The service has continued to grow since its release in 2019, with estimates claiming that by the year 2026, Disney+ will have more subscribers than Netflix. Today, Disney met for the Fiscal Year 2022 Quarter 2 Earnings call, which provided some insight into how Disney+ is doing.

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Disney’s Chief Corporate Affairs Officer LEAVES After Just Months on the Job

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There have been a number of changes made within the last several months and years when it comes to leadership within the Walt Disney Company.

©Disney | Walt Disney Company Headquarters

Bob Iger has officially left the company after most recently working as Executive Chairman, some Imagineers have left, and Disney even hired a new spokesperson with political experience. But now things are changing again.

[Read more…]

Boycotting Disney Isn’t New. But Does It Work?

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Video of a gathering of protesters chanting “Boycott Disney” outside Disney headquarters on April 6 has now been viewed more than 1.1 million times. Thousands more people are sharing posts on social media calling for a boycott. A letter recently published in the Wall Street Journal was signed by grandparents stating they had canceled a trip to Disney World with their grandson, and they are “ashamed to be stockholders.” 

‰©Disney | Walt Disney Corporation Headquarters

The latest movement to boycott Disney comes after the corporation issued a statement saying it would seek to have Florida’s Parental Rights in Education Act, dubbed the “Don’t Say Gay” law by its critics, repealed by the Florida Legislature or struck down by the courts. 

[Read more…]

NEWS: Disney Stock Drops to its LOWEST Value for 2022

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If you’ve been watching the news over the last few months, the odds are pretty high that you may have seen Disney’s name in a number of stories.

Cinderella Castle at Disney World

First, Disney found itself in the news a number of times regarding Florida’s Parental Rights in Education Bill (what critics call the “Don’t Say Gay” bill). Disney ultimately issued a statement indicating that the bill never should have been passed or signed into law and its goal would be for the law to be repealed, a move that the Florida Governor said “crossed a line.”  Following that, the repeal of Disney World’s Reedy Creek Improvement District (RCID) (which allows Disney World to essentially function as its own county) was placed on the table, and ultimately a bill was passed and signed to dissolve the RCID. Disney has since been in the news for things related to a repeal of its no-fly zone or copyright protections. Following these actions, we’re seeing some changes when it comes to Disney’s stock value.

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Scientists Are Investigating Your Obsession With Disney

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For many Disney fans, the reason they love Disney so much is because of the emotion attached to it. They grew up watching Disney movies, going to the Disney parks, listening to Disney music, and generally feel a strong connection to the Disney brand. 

Partners Statue in Magic Kingdom

MBLM is a Brand Intimacy Agency that, for the past 12 years, puts out an annual Brand Intimacy Study that measures and analyzes companies’ abilities to bond with their customers. In short, they can tell you the SCIENCE behind your obsession with Disney.

[Read more…]

House Republicans Condemn Disney CEO Bob Chapek’s Response to “Don’t Say Gay” Act in Open Letter

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The Walt Disney Company has recently been involved in a political controversy concerning the recently passed Parental Rights in Education Act.

Walt Disney Company Logo ©Disney

Although Disney CEO Bob Chapek initially did not comment on the Act, which is colloquially called the “Don’t Say Gay” Act, the company later issued a statement that the bill shouldn’t have been passed and declared their goal to have it “repealed by the legislature or struck down in the courts.” Now, some House Republicans have sent a letter to Chapek, condemning the Walt Disney Company’s response. [Read more…]

Date Announced for Disney’s Q2 Earnings Call

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Disney holds earnings calls multiple times a year to show investors and the public how the company is doing financially, and to explain or announce upcoming projects.

Bob Chapek in Disney World on its 50th Anniversary

Now, we have a date for the second earnings call of the year.

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Disney Hires New Lead Spokesperson With Former Roles in the Biden and Obama Administrations

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Things are changing at the House of Mouse.

©The Walt Disney Company

For the past several weeks, Florida’s Parental Rights in Education Bill (now law) and Disney’s responses to it have garnered a great amount of attention in the news. From Disney’s initial response to its most recent statement on the Bill’s passage into law, there has been a great amount of debate and controversy surrounding the law and Disney’s response to it. Now, looking to the future of Disney’s official responses to major events, Disney has decided to hire an individual with experience in the political field to take the helm as the Company’s lead spokesperson.

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NEWS: CEO Bob Chapek to Host Investor Meeting at Disney World

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This could be a big week for the Disney Parks.

Bob Chapek in Disney World on its 50th Anniversary

In the wake of a canceled Management Retreat due to the controversy surrounding Disney’s response to the “Don’t Say Gay” bill in Florida, CEO Bob Chapek is inviting Wall Street investors to Orlando to visit Disney World next week.

[Read more…]

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