food IS a theme park
A LOT has happened in the Walt Disney Company over the last few years.
Disney 100 Logo At D23 Expo
In 2021, after Bob Iger left his position as the company’s CEO and was replaced by Bob Chapek, several executives also stepped down. Of course, we now know that Iger ended up RETURNING as CEO of The Walt Disney Company, but one of those executives went on to get a new gig…at TikTok.
When it comes to fan-favorite television series, producer Ryan Murphy has been one of the masterminds behind several.
©New York Times
Murphy has contributed to creating hit shows such as Dahmer, American Horror Story, and Glee. Currently, the creator has been working for Netflix, but an ongoing negotiation with Disney hints that he could be leaving soon.
It’s been a little over six months since Bob Iger returned as the Walt Disney Company’s CEO, but in that short amount of time, the company has gone through a LOT of changes.
©Disney
Not only has Iger overseen a series of “organizational and operations changes,” but there have also been some serious budget cuts made to the tune of $5.5 billion. A portion of those budget cuts included laying off 7,000 employees, and the company has now met that goal.
In May 2023, Disney announced that a $1 billion project the company planned for the Lake Nona area of Orlando was canceled.
Lake Nona Town Center ©Lake Nona
Disney purchased land in the Lake Nona area of Orlando in 2021 to build a campus that would relocate thousands of Disney employees to Central Florida. They later announced that this plan was delayed as of June 2022 and the move was again delayed for over 3 years — before the official announcement was made pulling the plug on the project.
If your head is still spinning from all the recent Disney announcements — you’re not alone.
Cinderella Castle!
The Dining Plan is returning to Disney World, Park Pass Reservations are going away (mostly), and hotel perks are continuing through 2024. Not only that, but Disney dropped even more huge news — the Star Wars Hotel is closing, and the $1 billion employee relocation project to Orlando has officially been scrapped. This leaves the door wide open for Disney in multiple ways, so what’s coming next?
Disney recently made a HUGE announcement about a $1 billion project it had planned for the Lake Nona area of Orlando.
Cinderella Castle at Magic Kingdom
In 2021, Disney purchased around 60 acres of land in Lake Nona, calling it a “regional campus” for thousands of Disney Parks, Experiences, and Products team members (some would even relocate from California to Florida). The timeline for the project was extended, but then Disney announced it would not move forward with that project. So what’s going to happen to all that land the company purchased? Well, we have SOME idea.
Disney has just announced a major update on a BILLION dollar construction project it had planned for the Orlando area.
©Disney | Walt Disney Company Headquarters
Some time ago, Disney announced plans for a new campus in Lake Nona, a suburb of Orlando, FL. It was expected that the project could cost $1.3 billion to build (according to the Orlando Business Journal) and it was set to become home to a “regional campus” for THOUSANDS of Disney employees (some would relocate from California to Florida). The timeline for the project had been extended previously but now it’s hit a major stopping point.
Disney recently held its first quarter 2023 earnings call, which means we’ve had a LOT of news to report.
©Disney
We learned about the current number of Disney+ subscribers and how the parks are doing financially. We even learned more about the company’s future plans for Disney+ (including a price increase). However, Disney CEO Bob Iger also commented on Artificial Intelligence (AI), which is a pretty hot-button topic right now in entertainment.
Disney has revealed some HUGE updates — but don’t worry about digging around to find them all. We’ve got them right here just for YOU.
©Disney
On May 10th, Disney held its earnings call (and shared its earnings report) for the second quarter of fiscal year 2023 (Q2 FY 2023). We had some expectations for what news this day would bring and now we’ve got all the updates. Thanks to this report and call, we’ve got updates on just how much money Disney+ is making at the moment, how its subscriber numbers have changed, how much dough the theme parks are raking in, and more. So let’s go through everything you need to know now.
Bob Iger has announced a few priorities on his plate since returning as CEO of the Walt Disney Company.
It’s Disney+ Day!
One of which is focusing on improving streaming at Disney+, along with Hulu and ESPN+. During the last company earnings call, we learned that the total number of Disney+ subscribers was 161.8 million. And now that Disney+ has officially launched its ad-supported tier, we have an update on just how Disney’s streaming service is doing.
Our handy (and portable!) ebook guides make sure you get the best deals and can plan a vacation of a lifetime.
