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Tag: walt disney company

How Much Did Disney’s TOP Executives Make in 2020?!

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Economically speaking, it has been a challenging year for many people, including the Walt Disney Company.

©CNBC

With the theme parks closed for several months, the company took a hard hit financially, eventually resulting in the layoffs of thousands of employees and temporary pay cuts for Disney’s executives. We received more insight on how this affected the company later in 2020 when Disney reported a $2.8 billion loss for the year during their Q4 earnings call. Today we have more information about Disney’s financials for last year, including how much their top executives were actually paid. 

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Disney Imagineer Kevin Rafferty is Retiring After 42 Years With the Company

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Recently, we’ve seen a lot of Disney Cast Members retiring after long careers with the company.

©Orlando Sentinel

Last year, Executive Chef Bruno Vrignon retired after 38 years in EPCOT’s France Pavilion, and then Jim MacPhee, the Senior Vice President of Operations announced his retirement in December. Joe Rohde, legendary Imagineer and the lead designer of Disney’s Animal Kingdom also retired from the company less than two weeks ago after working with Disney for 40 years. Now, another one of Disney’s best Imagineers has announced his retirement for later this year — Kevin Rafferty. 

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Disney CEO Bob Chapek Tweets Message About Events in Washington DC

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In response to recent events, the Walt Disney Company has released a statement on the events in Washington DC.

Walt Disney Company Logo

On the evening of January 7th, 2021, a brief statement was posted to the Walt Disney Company’s Twitter page.

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ICYMI: Here Are the 🤯 5 BIGGEST News Bombs 🤯 From Disney’s Investors Day!

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Last week’s Walt Disney Company virtual Investors Day was a whirlwind of information, and honestly, we’re still processing everything we heard!

Disney CEO Bob Chapek

We got news from the studios of Star Wars, Marvel, Disney, Pixar, and National Geographic, not to mention updates on streaming for Hulu and Star. It was A LOT to take in, but we’re breaking down the 5 BIGGEST news bombs of the night — the things that shocked and surprised us the most!

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NEWS: Disney Stock Maintains All Time High After Massive Streaming Announcements

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On December 10th, Disney held its annual Investor Day conference, providing fans and investors alike with HUGE updates on Disney+, direct-to-consumer streaming, and some of Disney’s investment strategies moving forward.

©The Walt Disney Company

Just a few days before Investor Day, Disney’s stock hit some of the highest trading values it’s had all year, and now, following its Investor Day announcements, Disney’s stock value has soared again!

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What Could We Expect from Disney’s Investor Day Tomorrow?

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We’re coming to the end of a financially unprecedented year for the Walt Disney Company.

©The Walt Disney Company

We’ve been looking forward to the upcoming investor day since the Q4 and Fiscal 2020 Earnings Call last month. The company has lost billions of dollars due to the global health crisis and now, they’ll be explaining their plans for the financial future to investors. But what can we expect?

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NEWS! Disney Executive Chairman Bob Iger States He Was “Seriously Considering” Running for President

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Bob Iger is the former CEO and current Executive Chairman of The Walt Disney Company.

©Bloomberg

There have been numerous rumors whether Iger would run for Presidency in the last election. The former CEO planned to step down in 2021 but sped up the process earlier this year. Some believed Iger wanted an early retirement and others speculated that he may be running for office. Election Day has come and gone and it’s clear that Iger didn’t throw his hat into the ring. He has, however, admitted that he considered running for office.

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NEWS: Disney Increases Layoffs to 32,000 Employees, Primarily in Disney Parks

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As Disney continues to contend with the fiscal consequences of the global health crisis, the mitigation efforts are being felt throughout the company.

Cinderella Castle

A few months ago, Disney announced that 28,000 employees would be laid off as a result of the pandemic. Now, that figure has been updated to reflect an additional 4,000 employees included in the layoffs.

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NEWS: Select Disney Theme Parks Reported Net Positive Contributions for Q4 Report

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Today, the Walt Disney Company is sharing LOTS of information with its shareholders on their fourth-quarter earnings call!

©CNBC

The fourth quarter, and the fiscal year, for the company ended in late September, and we’re really beginning to see the results and consequences of COVID-19 on Disney’s financial status. Disney reported over $14 billion dollars of revenue loss, and $2.4 billion of that was losses in the Parks, Experiences, and Products division. CEO Bob Chapek also shared how well Disney theme parks around the world fared. We’re taking a look at that now.

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NEWS: Walt Disney Company Reports Multi-Billion Dollar Loss — We’re Breaking Down the Q4 Report

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For Disney fans around the globe, there are many important dates throughout the year, from movie release dates to major opening dates at Disney Parks. But for investors and those interested in Disney’s financial performance, the Quarterly Earnings Calls are among the biggest days of the year!

Disney CEO Bob Chapek

Today, Disney discussed their fourth quarter as well as fiscal full year 2020 financial results in a public audio webcast. The company’s fourth quarter and fiscal year ended in late September, meaning that this earnings call gave us an even BIGGER picture at how 2020 has impacted the Company.

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