Business
Disney Fanatic is here to deliver the latest business-focused news from The Walt Disney Company and beyond.
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May- 2023 -18 May
Disney CLOSING Galactic Starcruiser!
In March 2022, Disney opened its newest hotel at Walt Disney World Resort — the Star Wars Galactic Starcruiser. However, this was not any ordinary Disney hotel. The Galactic Starcruiser is a completely immersive 2-day experience that brings Guests into the Star Wars universe. The Galactic Starcruiser brings Guests aboard the Halcyon — the name of the ship — and they can choose to
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18 May
Disney CANCELS Lake Nona Project!
On May 10, The Walt Disney Company held its second-quarter earnings call. During the call, CEO Bob Iger was asked about the company's fight with Florida Governor Ron DeSantis. Iger said that the governor was targeting Disney because he didn't like that the company spoke out against a Florida bill that the governor supported. Iger ended his Florida conversation by asking one key question: “Does the
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17 May
Is Disney Finally Bringing Bluey to the Parks?
Disney is great at producing a lot of great content, especially when it comes to children's programming. On both The Disney Channel and Disney+, there is a ton of great programming for kids. Let's be honest, on Disney+ there is a ton of great programming for audiences of all ages. However, one of the most successful shows on Disney+ isn't a Disney-owned show. In fact, it's the Australian show Blue
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17 May
While Disney Laid Off Workers and Its Stock Tanked, Company Executives Made Millions
Anytime a company begins to lose revenue, the average workers usually suffer the most. The top executives might get let go, but only after they've opened their golden parachutes. The Walt Disney Company is no different. While the company was laying off thousands of employees and Disney's stock was tanking, its top executives were making millions. Related: Disney/ESPN Exec Laid Off After 43 Years,
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17 May
Professor Speaks on Politicans’ Attacks on “Woke” Disney: “Mostly a Smokescreen”
The Walt Disney Company has been embroiled in controversy since what is now termed the beginning of its feud with Florida Governor Ron DeSantis. What started as a disagreement over the “Don't Say Gay” law (officially called the Parental Rights in Education Act) turned into a bitter battle with numerous back-and-forths, with each side clapping back with an escalation. First, Florida Gov
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16 May
‘Avatar’ Sequel Coming to Disney+ Next Month!
In 2009, director James Cameron took viewers on an incredible journey to the exomoon Pandora in the film Avatar. There, they were introduced to the Na'vi, a peaceful people whose planet was being invaded by humans in their quest to mine the rare mineral Unobtanium. The humans threaten the Na'vi and their way of life, and they must fight to save their home. The film starred Sam Worthington as Jake
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16 May
Bob Chapek Round 2? Josh D’Amaro’s Popularity Plummets
The Walt Disney Company has had its fair share of negative press in the last few years. Much of that surrounded former Disney CEO, Bob Chapek. Colloquially referred to as Bob “Paycheck,” the Disney CEO’s tenure was characterized by many price rises at the Disney Parks. During his time at the helm, many families were priced out of being able to enjoy a Disney vacation, though the price rises have c
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16 May
Disney Had Harry Potter and Let It Walk Out the Door to Universal
In fairness to Disney, nearly everyone passed on Harry Potter in the 1990s. Dozens of publishers passed on the books. As the story goes, controversial writer J.K. Rowling had to use her initials rather than her full name so that no publishers would know she was a woman and someone would buy the books. But after the release of the seven Harry Potter books, passing up the opportunity to create a Wiz
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16 May
Disney World Asks Judge to Dismiss Lawsuit Brought by New Reedy Creek Board
For more than a year, Disney has been embroiled in a heated fight with Florida Governor Ron DeSantis. During that time, the Governor and the state legislature stripped Disney World of its right to self-govern. DeSantis dissolved the Reedy Creek Improvement Act and appointed a new board to oversee the area. The new board's intention was to have near-complete control over Walt Disney World Resort. H
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16 May
Comcast CEO Confirms Likely Selling Hulu to Disney
The Walt Disney Company has been working on cutting down its costs and streamlining its streaming services to be more profitable since current Disney CEO Bob Iger came back to take the helm last November. After former Disney CEO Bob Chapek was ousted from his position, one of Mr. Iger’s priorities was getting the company back on track and cutting costs as necessary. This resulted in the massive Di
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