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 -23 March
Disney Ride Manufacturer Files for Bankruptcy, Potentially Delaying Future Projects
Disney customers, who don’t get to see behind the curtain, most likely believe that Disney has steel workers and fabricators sitting backstage, waiting to create whatever ideas pop into the Imagineers’ heads. However, since the opening of Disneyland in 1955, Disney has always relied on outside companies to provide the structure of its rides. The first company that Walt Disney contracted with was A
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23 March
Disney World Cast Members WIN Wage Fight Against Disney
For nearly two months, Disney and unions representing some of Walt Disney World Resort’s Cast Members have been going back and forth on raises for Cast Members. The unions represent a large majority of Disney World’s Food and Beverage Cast Members, as well as most of the Housekeeping Cast Members. At the beginning of February, Disney offered Cast Members a guaranteed $16 starting wage, with one-do
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22 March
New Concept Art Reveals “Postponed” Mary Poppins Area and New Attraction
In 2019, Disney held its biannual D23 Expo in Anaheim, California. Disney’s ultimate fan event brought Disney fans from around the world to the Anaheim Convention Center, where they got exclusive sneak peeks of Disney movies and projects in the works. During the Parks, Experiences, and Products panel, now-fired CEO Bob Chapek announced that the UK Pavilion in the World Showcase at EPCOT would be g
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22 March
In Fight With DeSantis Over ‘Don’t Say Gay,’ Disney Throws a Punch
Disney seemed to have given up the fight in the ongoing culture war with Florida governor Ron DeSantis. The governor stripped Walt Disney World of its self-governing power, and CEO Bob Iger said Disney would not fight the new governing board. But now, Disney has decided to throw a punch. Walt Disney World announced that it will host a major conference promoting LBGTQ+ rights in the workplace this
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22 March
Sources Warn Disney Layoff “Bloodbath” Is Coming in Just Weeks
On February 8, The Walt Disney Company held its quarterly earnings call — the first since Bob Iger returned as CEO. During the call, Iger made the announcement that — in the coming months — the company would be laying off a whopping 7,000 employees. The layoffs come as Disney looks for ways to cut $5.5 billion. The layoffs would unlikely affect Cast Members who work in the theme
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20 March
We Need to Talk About Animal Kingdom. You Should Skip It in 2023.
The only constant is change. No matter how much Disney fans complain about loving all the “older” stuff, we always want something new every time we go. That’s the odd irony of being a Disney fan; we love the classics but need change. Just look around Walt Disney World. There is change everywhere. Magic Kingdom has the new Tron Lightcycle/Run opening next month. Hollywood Studios has a new BBQ join
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20 March
Disney/MCU Oscar-Nominated Actor Feels ‘Cheated’ By His Pay and Work
Our natural inclination is to believe that every person we see in movies and on television must live a glamorous lifestyle filled with expensive homes and private jets. Especially veteran actors who the audience recognizes from several different projects. Those people must be well off, right? It turns out that the audience’s view of the fabulous lifestyle of a veteran actor is far overblown. Djimo
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20 March
Disney Shocker! Prominent Executive Exits After 17 Years!
During his first 15 years as CEO of the Walt Disney Company, Bob Iger brought the company to the top of the entertainment industry through a number of smart purchases. In 2006, Disney purchased Pixar Animation Studios and the pair has since gone on to create some of the most memorable movies of all time, including UP, Inside Out, and Coco. Then, in 2009, Disney purchased Marvel, which is now one o
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20 March
Disney World Cast Members Won’t Be Part of the First 4000 Layoffs
Earlier this year, Disney CEO Bob Iger announced major layoffs that the company was going to be instituting; the news was shocking, not only in the magnitude of the number of people being laid off but also as it confirmed that Disney is currently in hot water after their disaster of the past year. While this move took the community by storm when it was announced, the day is soon to arrive when thi
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17 March
Disney Executives Ordered to Compile List of “Layoff Candidates”
Returning CEO Bob Iger made it clear that there were going to be major layoffs in the amount of around 7,000 employees of The Walt Disney Company, and a new report suggests Mouse House executives are getting ready for the first round of unloading. According to a new report from Business Insider, “Disney executives are being directed to identify thousands of layoff candidates by April.”
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