Business
Disney Fanatic is here to deliver the latest business-focused news from The Walt Disney Company and beyond.
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Aug- 2023 -21 August
DeSantis Board Sicks Florida Inspector General on Disney
Less than a week after the Walt Disney Company countersued the Central Florida Tourism Oversight District in State Court, the Board handpicked by Florida Governor Ron DeSantis has sent a referral to the Florida Inspector General, requesting his office looks into more than $2 million authorized by the Reedy Creek Improvement District for employee benefits at Walt Disney World. The Central Florida T
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21 August
Court Ruling Crushes Disney’s A.I. Dreams
One of the main hangups between the studios and writers' and actors' guilds is the use of artificial intelligence. Studios desperately want to use it as often as possible to save money, while writers and actors see this as the death of their profession. The Walt Disney Company is so desperate to get into the A.I. game that they have posted 11 jobs for people with “expertise in artificial int
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21 August
Disney Among Studios Being Accused of “Abusing a Position of Dominance”
The WGA has called out big Hollywood studios, including Disney, labeling them the “new gatekeepers” of the current media landscape. The WGA and SAG-AFTRA strike has been one of the most significant events in the history of Hollywood. The WGA strike has been going on for over 110 days with no sign of a resolution anytime soon; it might even meet and surpass the record for the longest Hollywood stri
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21 August
The Deeper People Dig, the Worse Things Look For DeSantis’ Disney Board Administrator
It did not seem like a big deal when Florida Governor Ron DeSantis announced that Glen Gilzean would be named the Administrator of the Central Florida Tourism Oversight District in early May. Governor DeSantis had previously tapped Gilzean for several state positions, including Chairman of the Florida Ethics Commission. But in an oddly ironic twist, it turns out the Chairman of the Ethics Commissi
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20 August
‘Sound of Freedom’ Officially Passes ‘Indiana Jones’ In Domestic Box Office, Trolls Rejoice
Without a doubt, the surprise hit of the summer is Sound of Freedom (2023). The movie has surpassed all expectations and brought in more than $173 million in domestic box office sales. This past weekend, the film moved ahead of Disney's Indiana Jones and the Dial of Destiny (2023), which only brought in $172 million at the domestic box office. And this new milestone for the Sound of Freedom brough
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20 August
Disney is Empty Now, And It’s Going To Get Worse Next Year
The story of the summer has been the crowds at Walt Disney World. Or, to be more precise, the lack of crowds. Throughout the summer, Disney World has been described as a “ghost town” and “absolutely dead” on the Fourth of July weekend. Even Disney CEO Bob Iger admitted that the crowds have declined at the Central Florida resort. Related: Hey Iger, It's the Price That's Keep
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20 August
Disney Announces Return of Trams to EPCOT, Hollywood Studios!
For six months in 2020, Walt Disney World was forced to shut down because of the COVID-19 pandemic. When the parks finally reopened, there were so many things that were different. Guests had to social distance, wear masks at all times (except when in designated dining areas), and could not Park Hop. There were also no trams to take Guests from the theme park parking lots. That meant that there wer
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20 August
Apple Has Some Competition, Disney Has Found Themselves a New Suitor
In an interview with CNBC, Disney CEO Bob Iger said that Disney would be looking for a “strategic partner” to help expand the brand and share some of the cost of high-priced items like ESPN's professional sports rights. Analysts immediately pointed to Apple as the logical partner to pair with Disne for now, possibly buying the company down the road. But then, Iger brought back former-D
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19 August
Goodbye Waste! Disney Bans Single-Serve Plastic in Parks
As the hazardous effects of climate change threaten more and more people's everyday reality, the focus on reducing greenhouse gas emissions, choosing more sustainably-made purchases, and recycling properly are all becoming necessities. Walt Disney World Resort has not been idle on this front, and Disney is known for its conservation efforts — but now Disney is also making a big change that p
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18 August
Disney’s $100 Million Disney+ Series Lasted a Total of 6 Months
Over the past few years, streaming services have become one of the main ways people watch their favorite shows. Linear programming — shows on cable — has rapidly declined. More people are signing up for services like Hulu and YouTube TV instead of relying on providers like Charter Spectrum for their viewing needs. So, it seemed like smart business when Disney launched its own streaming
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