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 -28 March
Disney Erasing Bob Chapek; Abandons Another One of His Big Ideas
To say that Bob Chapek’s time as CEO of The Walt Disney Company was rocky would be a nice way to put it. Chapek was Disney’s CEO for less than three years and, during that time, the company’s stock tanked, Guest satisfaction was close to an all-time low, prices at the theme parks continued to climb while quality appeared to go down. Chapek became CEO of Disney in February 2020, but was out in Nove
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28 March
Chapek-Era Division Eliminated: Disney Begins Mass Layoffs
7000-person layoffs are a shocking enough sentiment on their own. But it seems that the Walt Disney Company is taking this task to heart as, in the latest news, the Mouse House is reportedly eliminating an entire division of the company under the initiative. Since the layoffs were first announced during the February 8 earnings call, this news has taken the Disney community and the world by storm.
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28 March
“There is Life After Disney”: Chapek-Era Employees Share Sorrow, Support Amid Layoffs
The first round of layoffs is finally underway at The Walt Disney Company, but those newly detached from the Mouse House are wasting no time in putting their best foot forward to find their next home. In the course of a few days, we learned that returning Disney CEO Bob Iger and his leadership team would begin terminating 4,000 occupied positions, including several high-level positions and the ent
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27 March
Multiple Executives Lose Jobs as Layoffs Begin at Disney
Well, we knew they were coming, and now they are here. Nearly two months ago, Disney CEO Bob Iger and CFO Christine McCarthy held Disney’s quarterly earnings call. During the call, Iger and McCarthy made it clear that one of the things they were going to focus on was budget cuts. The goal? To save the company nearly $5.5 billion. Some of those budget cuts would come in the form of layoffs. Iger sa
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27 March
China Market is Softening on Iger and Disney
When Bob Iger returned as CEO, it was widely believed that his return would warm the relationship between Disney and China that had soured under his predecessor, former CEO Bob Chapek. A mere two days after Iger’s return, Disney’s Avatar: The Way of Water (2023) received permission from the Chinese government to be released in the Communist nation. Avatar even received a release extension, a rarit
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27 March
Fired Disney Executive Threatens Lawsuit, Claims “Serious Consequences” For Firing
Last month, during Disney’s quarterly earnings calls, CEO Bob Iger announced that, while the company was doing well, they still needed to cut costs. Iger said that he and CFO Christine McCarthy were looking to cut a total of $5.5 billion from the budget. In order to do that, they needed to lay off thousands of Cast Members. On March 27, we learned that some of the layoffs would be coming this week
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27 March
Bob Iger Notifies Employees; Major Layoffs to Start This Week
In November, Disney’s Board of Directors sent shockwaves through the Disney and entertainment communities when they announced that CEO Bob Chapek had been fired. Even more shocking, former Disney CEO Bob Iger would be coming back to take his place. Just about three months later, Disney hosted its quarterly earnings call — the first one since Iger took over the Mouse House once again. During
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25 March
Disney Just Made One of the Biggest Deals of Its Kind
The Walt Disney Company is a powerhouse. All Disney Fanatics are well aware of the range of influence and power that the entertainment giant holds. Disney has its hands in many pies and somehow seamlessly keeps them all going. Well, perhaps less easily than once thought, considering the recent issues the company finds itself facing, with the upcoming layoffs and the state of some of the newest att
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24 March
Disney Exec Was “Blindsided” By Firing, But She Repeatedly Violated Her Contract
For 17 years, Victoria Alonso was one of the most prominent faces at Marvel Studios. She started out with the company in 2006 as the Chief of Visual Effects and Post-Production. Alonso worked hard and became one of the key forces behind the Marvel Cinematic Universe that we know today. The Walt Disney Company purchased Marvel Studios in 2009, and Alonso became a part of the Disney family. In the n
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24 March
Disney Discounts Struggling Hotel, Now the Waitlist is Closed Due to Demand
Just over one year ago — March 1, 2022 — Disney opened its newest hotel at Walt Disney World Resort. However, the Star Wars Galactic Starcruiser was not your ordinary hotel. Guests who decided to stay at the Galactic Starcruiser would enjoy a 2-day fully immersive Star Wars experience. There would be lightsaber training, special food, a chance to join the Rebellion or the First Order,
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