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 -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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29 March
Privacy Win! Disney Scraps “Chapek-Era” Fan-Tracking Ambitions
Cost-cutting efforts at The Walt Disney Company appear to have secured a privacy win for fans and Theme Park Guests. Recently, we at Disney Fanatic reported that the “Disney Prime” membership was going the way of the dodo. This would have essentially combined the many different Disney products, from the Disney+ streaming platform to the MyDisneyExperience app, into one lump membership.
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29 March
As Layoffs Begin, A Disney Park Posts Record Revenues
The bloodletting has begun. In February, Disney CEO Bob Iger promised shareholders that there would be 7,000 layoffs coming to the Walt Disney Company. And just this week, Iger began delivering on his promise. The layoffs started by getting rid of some of the remainder ideas of former CEO Bob Chapek, including laying off the entire metaverse division. Most layoffs were focused on productions and a
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29 March
New DeSantis-Appointed Board Prepping to Sue Disney, Says Disney Took Away Its Power
In late February, Florida Governor Ron DeSantis officially dissolved the Reedy Creek Improvement Act. The Improvement Act — which had been in place since the 1960s — essentially allowed Disney to function as its own government. The Reedy Creek board, which oversaw everything to do with Walt Disney World Resort, was replaced with a board of hand-picked DeSantis appointees. None of the c
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29 March
Disney Fires Marvel Chairman, Iger Dissident in Wave of Layoffs
Another Marvel leader was added to the list of thousands of people being laid off by The Walt Disney Company. Related: Disney Exec Was “Blindsided” By Firing, But She Repeatedly Violated Her Contract The past few days have been filled with layoff updates and included the axing of Bob Chapek's entire metaverse division, “Next Generation Storytelling,” as well as one of the top executive
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28 March
State Reps Worried Disney Layoffs Will Stress Florida’s Unemployment Resources
The Disney layoffs have been the talk of the town since they were announced in February of this year. During the February 8 earnings call, Disney CEO Bob Iger revealed that the Walt Disney Company would be implementing substantial staff reductions, estimated to affect approximately 7,000 employees. The scale of these layoffs has provoked some criticism, with certain parties mocking Disney's action
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28 March
Disney Offering HUGE Discount On Its Newest Hotel Just For Annual Passholders!
One year ago, Disney's newest hotel opened at Walt Disney World Resort in Florida — the Star Wars Galactic Starcruiser. The Galactic Starcruiser — named the Halcyon — is a brand-new concept. Guests board the ship for a two-day voyage, where they can join the Resistance (or the First Order), learn how to use lightsabers, enjoy special food and dining options, and so much more. The
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28 March
Is D23 Coming to An End?
Back on February 8, Disney CEO Bob Iger announced that Disney would be engaging in massive layoffs. The layoffs were part of huge budget cuts, so the company could save $5.5 billion. An official date for the layoffs was not announced, but on March 27, the reported “bloodbath” at the House of Mouse began. Many executives lost their jobs and entire departments were dissolved. It was also
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28 March
Satirical Article Mocks Iger’s Extreme Layoffs
According to the website called Babylon Bee, Walt Disney Company CEO Bob Iger has gone too far with his extensive layoffs within the Walt Disney Company. The layoffs have recently started, and in a brand-new satirical article, Babylon Bee has teasingly said that “heavy layoffs at Disney have now left Snow White with only three dwarfs in her entourage.” The satirical article mockingly d
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