food IS a theme park
Disney isn’t just doing battle with Florida Governor Ron DeSantis.
©Disney
The company is also in the middle of a proxy battle with an activist investor, Nelson Peltz, who is petitioning to get a seat on The Walt Disney Company’s Board of Directors. Trian Partners recently nominated Peltz to be elected to the Board, but the current board does not endorse him. Well, it seems that some people very close to Walt Disney himself also do not support Peltz and his efforts.
Florida Governor Ron DeSantis visited the Central Florida Tourism Oversight District (CFTOD) to tout the district’s accomplishments in the midst of multiple lawsuits with Disney.
Disney vs. DeSantis
The CFTOD lawsuit followed Disney’s suit against the Board and Florida Governor Ron DeSantis. The Board officially filed its own suit in May 2023 and Disney filed a countersuit in August. It was later revealed that the DeSantis-appointed district had not searched for documents requested in the lawsuit, and the governor held a press conference in an attempt to save face.
The political tête-à-tête between the Walt Disney Company and the Central Florida Tourism Oversight District (CFTOD) has largely dominated headlines since it began, and there are no signs that it will be stopping anytime soon.
Reedy Creek Improvement District
While Disney has just appealed the judge’s ruling in the federal case, the state case filed by the CFTOD has continued on with less fanfare. For reference, the CFTOD lawsuit came shortly after Disney filed a lawsuit against the Board and Florida Governor Ron DeSantis with the Board officially filing its own suit in May 2023 and Disney filing a countersuit in August. But now, we have an update on the CFTOD’s case against Disney.
The Walt Disney Company has been around for just over 100 years, and they’ve achieved a lot during that time.
©The Walt Disney Company
The company’s first feature film was Snow White and The Seven Dwarfs, which quickly branched out into multiple other feature films, TV series, characters, and more. Some Cast Members in the Disney Company are actually Disney Historians, and they get to handle the most precious cargo from the archives. Well, once you meet this Disney Historian, you may have grandparent envy because this Cast Member is SO cool!
We’re Disney adults! Of course our favorite days of the year are when Disney holds earnings calls!
Walt Disney Company Headquarters ©LA Times
Yep, the fiscal earnings calls held by The Walt Disney Company happen four times each year, and they’re where we can hear some BIG updates and important information. The very first quarterly earnings call for 2024 will take place on February 7th at 4:30PM EST. We’re just a little over a month into the new year in early February, so what can we expect to learn from Disney during the call? Let’s talk about it!
Bob Iger’s job probably isn’t easy to begin with, but he’s got quite a tough task ahead of him: find his successor.
©Disney
It’s something that we’ve been talking about ever since he first returned to Disney, and though we can’t say for certain, it doesn’t seem like Iger is any closer to finding his replacement. Plenty of speculation has gone around about who may potentially be in the running, but he’s running out of time if he’s to pick and train someone to run a giant multimedia corporation before his 2026 exit. And, a former Disney executive thinks he’s going to have a hard time doing it.
Every quarter, Disney shares its financial details with the world, detailing how much revenue the parks take in, streaming data, and how much money the company has taken in overall for that quarter.
©Pixar
In 2023, The Walt Disney Company completed a series of company-wide layoffs, and it seems there could be more job cuts in the future.
A super important date is coming up for The Walt Disney Company.
Disney World
If you’re a big Disney fan and want to know EVERYTHING about how the company is doing, how Disney+ is doing, how the parks are doing, and more, this date will be important to you, too. Disney has announced the date for its next earnings report and call!
If we’re being blunt, Disney’s stock has been underperforming this year.
©The Walt Disney Company
With the low cost per share, shareholders have been unimpressed. But recently, Disney reinstated cash dividends as a way to build trust with investors. Amid the pandemic, Disney had removed the dividends, but now, three years later, they are back as a way to entice shareholders who have stock in the company. But was that the right move on Disney’s end? Some may not think so.
It’s been just over a year since Bob Iger returned to The Walt Disney Company as CEO.
©Disney
When he returned, he made it clear that his leadership within the company wouldn’t last forever. However, he did promise that he would be involved in the search and training of his successor — the person who would take over as CEO after Bob Iger’s (updated) contract ends in 2026. Bob Iger’s successor is a major concern not only for Disney fans, but for company stakeholders and investors in The Walt Disney brand. Well, media executives are now chiming in with their predictions for who they think the successor could be.
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