Business
Disney Fanatic is here to deliver the latest business-focused news from The Walt Disney Company and beyond.
-
Jun- 2023 -24 June
Disney’s Supreme Court Loss Will Have Ripple Effects Across the Already Struggling Company
The Walt Disney Company suffered a significant blow in front of the Supreme Court last week. The Court ruled that a lower court should revive a First Amendment lawsuit against Disney that the lower Court had thrown out. The case stems from Disney's use of Lots-O-Huggin' in Toy Story 3 (2010). A New Jersey company had the trademark on a similar stuffed bear and sued Disney for its use in the blockb
Read More » -
23 June
Fans Divided Over New Genie+ Pricing
On June 23, Disney announced that some major changes were coming to the Disney Genie+ system at Walt Disney World Resort. Instead of Genie+ costing one price per day for all four theme parks, prices for Genie+ will vary depending on the Park. Those who Park Hop will still be able to purchase Genie+, but the price will be along the lines of the most expensive Park for the day. Disney will keep an e
Read More » -
23 June
Ex-Disney Executive Registers as Foreign Agent for Saudi Arabian Government
Geoff Morrell's stint as Disney's chief corporate affairs officer only lasted a few months last year. However, many remember the former Disney executive as the man who resigned shortly after leaking the opening date for EPCOT's Guardians of the Galaxy: Cosmic Rewind attraction. He was also the person in charge of Disney's public image when Florida Governor Ron DeSantis started his spat with the co
Read More » -
23 June
Disney Genie+ Pricing to Become Park Specific!
In October 2021, now-fired Disney CEO Bob Chapek disappointed Walt Disney World fans around the globe when the popular FastPass system was officially killed and the new Disney Genie+ system was introduced. FastPass — a free system — had been around for more than two decades. Now, in addition to paying sky-high theme park prices, Guests also had to pay if they wanted to use Genie+ to ge
Read More » -
23 June
Former Disney Executive Hired by TikTok to Manage Company Reputation
The Walt Disney Company's former senior executive vice president and chief communications officer is now onboard to spearhead the public relations strategies for TikTok. Zenia Mucha, a prominent Disney powerhouse, spent twenty years at the company before leaving in 2021. At TikTok, Mucha is hired in the newly formed role of chief brand and communications officer, which puts her in charge of the co
Read More » -
22 June
Will Disney Become “Less Woke” After Executive’s Recent Departure?
It's been a strange time for the Walt Disney Company; things are certainly shifting, and it's not entirely clear where they are headed. Over the last few months, we've seen a significant undertaking, ostensibly under returned Disney CEO Bob Iger's direction, as Mr. Iger works to restructure the company and redirect Disney's money and energy to more profitable endeavors. This has been in an attempt
Read More » -
22 June
DeSantis’s Reedy Creek Board Approves Whistleblower Policy to Promote “Transparency”
It’s the dawn of a “new culture” within the Walt Disney World Resort; at least, that’s certainly what Florida Gov. Ron DeSantis’s hand-picked Reedy Creek Improvement District board replacement, the Central Florida Tourism Oversight District board believes. The committee just approved and introduced a surprising new policy in what they purport is an effort to bring a new culture of “openness” and “
Read More » -
22 June
“It is Getting Close to Being Over.” Former GOP Gov Thinks Disney Will End DeSantis
If you're a politician, there is never a good time to have a terrible stretch. But when you're running for President of the United States, all you want to hear is good news. But for Florida Governor Ron DeSantis, there is no good news lately. The Governor, currently running for the Republican nomination for President, has been taking it on the chin the last couple of weeks, and things just got sig
Read More » -
21 June
Disney Stock Magic Is Fading Fast, Is There a Bright Side?
No king rules forever, and The Walt Disney Company has faced this harsh reality in trying to recapture its financial magic after Covid. Analysts are catching on to a troubling realization: the opinion on investing in Disney stock is trending negative. Extensive research has been done, and the conclusion is crystal clear – hold off on investing for the time being. The outlook has worsened sin
Read More » -
21 June
Another Loss for DeSantis: Florida Gov. Attacked Once Again About Feud with Disney
The feud between Florida Gov. Ron DeSantis and the Walt Disney Company has been making headlines for months now. The Florida Governor did not react well to former Disney CEO Bob Chapek's publically disagreeing with the “Don’t Say Gay” law—officially called the Parental Rights in Education Act—and retaliated by moving to dissolve the Reedy Creek Improvement District board. Now the fight has escalat
Read More »
