Business
Disney Fanatic is here to deliver the latest business-focused news from The Walt Disney Company and beyond.
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Mar- 2023 -31 March
“Authoritarianism is Hard”: Critics Call Out DeSantis as New Developments Will Cost Board $1300 Per Hour
Every day, new information about the Disney vs. DeSantis dispute comes to light, further complicating an already fraught situation. By this point, Disney Fanatics are well aware of the battle that rages on in the Sunshine state relating to the Central Florida mainstay, the Walt Disney World Resort. Ever since the “Don't Say Gay” debacle that took hold of the Disney community last year—
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30 March
Analyst Argues Apple and Disney Merger Could Be Worth $200 Billion
Disney has had its fair share of ups and downs over the last few months. From the dramatic ousting of Disney CEO Bob Chapek in November of last year to the current back and forth about Reedy Creek that is presently taking over headlines. Most recently, Disney made waves for its subversion of DeSantis's specially appointed board for the district, with many applauding the Mouse House's ingenuity and
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30 March
Win or Lose, Disney’s Money will Pay for DeSantis Board’s Legal Fight
Just when it seemed like the “Disney vs. DeSantis” battles were over, the media brought another loophole forward, reportedly giving Disney power and leaving the new oversight board hand-picked by Florida Governor Ron DeSantis fuming. The last-minute agreements set by the now-disbanded Reedy Creek Improvement District Board of Directors appear to keep Walt Disney World's land developmen
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30 March
Possible Iger Successor Addresses Rumors
Why would anyone want to succeed Bob Iger as CEO of the Walt Disney Company? Didn't you see what happened to the last guy? Former Disney CEO Bob Chapek took over for Iger in 2015, and the Disney fan base has completely eviscerated him. He was unceremoniously jettisoned from his job last year, and Iger returned as CEO. Since his return, Iger has made it his life's mission to undo all of the damage
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30 March
Ron DeSantis Releases Statement After Reedy Creek Debacle
In the months-long heated battle between The Walt Disney Company and Florida Governor Ron DeSantis, the Governor thought that he had come out on top. After arguing with Disney over the state's controversial Parental Rights in Education bill, DeSantis and the Florida legislature dissolved the Reedy Creek Improvement Act. The Reedy Creek Board — along with the Reedy Creek name — was disb
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30 March
ABC Execs Lose Jobs as Huge Layoffs Continue to Hit Disney
Disney has been making headlines nonstop ever since Bob Iger announced layoffs…and well since Bob Iger came back into power to begin with. Just making news today is massive and unexpected layoffs at ABC News. Disney is the aprent company of ABC. According to CNN the staffers let go were: “senior vice president of newsgathering Wendy Fisher; senior vice president of talent Galen Gordon;
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30 March
New Disney Vacation Club Lounge Opening Next Month!
There are so many people who love to go to Disney for their vacations. They don't even think of going anywhere else. Then, there are those who love Disney, but also want to have variety in their trips, maybe travel around the world. For those Disney fans, becoming a member of the Disney Vacation Club is the answer. Disney Vacation Club gives members the opportunity to travel to far-off places like
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30 March
Disney Cuts Hundreds of Jobs in China
The Walt Disney Company is not limiting its job-cutting measures to its employees in the United States. Related: Multiple Executives Lose Jobs as Layoffs Begin at Disney The latest round of layoffs appears to come from China, where over 300 Beijing-based employees connected to Disney's streaming services were laid off. According to The Wall Street Journal, people familiar with the matter said that
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29 March
Cast Members Approve New Union Contract, Getting Much Needed Raise
For months, Walt Disney World Resort Cast Members were fighting Disney for higher wages. A union representing thousands of Cast Members was going back and forth with the House of Mouse about the minimum hourly rate for Cast Members. Contract negotiations came to a halt when the two sides could not come to an agreement. Cast Members got so disheartened that they stood outside The Most Magical Place
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29 March
Disney Invokes Royal Family to Keep Control of Reedy Creek
Just about one year ago, The Walt Disney Company and Florida Governor Ron DeSantis got into one heck of a heated battle. The trouble started when the governor announced the controversial Parental Rights in Education Bill. Disney CEO Bob Chapek eventually spoke out against the bill and said that Disney would work to see the legislation overturned. From there, things only got worse and culminated in
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