Business
Disney Fanatic is here to deliver the latest business-focused news from The Walt Disney Company and beyond.
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Feb- 2023 -12 February
Iger’s Layoffs Start With a Bang
Last week, it was announced by Disney CEO Bob Iger (the Disney leader who had somewhat retired, but returned after the fall from grace involving now-former CEO Bob Chapel) that the Walt Disney Company would be laying off 7,000 of its employees. Disney employees' dissatisfaction was already well-known, but since many Disney employees (i.e. Cast Members) are reportedly struggling with poverty and ma
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12 February
Disney Faces More Backlash From Its Own Fans
It will not shock any Disney enthusiasts who keep a close eye on the Walt Disney Company (or who even just keep an eye on Florida news) to learn that many Walt Disney World Resort, Disneyland Resort, Disney Park, or general Disney fans have not been happy with the Walt Disney Company as of late. Many Disney fans actually feel that the classic Disney magic is gone for good, which has been particula
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12 February
Disney CEO Antagonizes Cast Members Again
When former Walt Disney Company CEO Bob Iger returned from his not-so-retired-retirement to replace Disney's much-maligned CEO Bob Chapek and take the helm once again, many Disney fans were ecstatic. However, Iger has faced many challenges since returning to the position of Disney's CEO, with one big issue being the wage negotiations with Disney's unionized employees (which have not gone well) and
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12 February
Flying Taxis to Disney World? Takeover Bill Specifically Allows Development of Helipads
The past few years have not been easy for out-of-state Guests trying to visit the Walt Disney World Resort, but a closer look at the State Takeover legislation suggests that a mutually-desired innovative solution could be in the works. Read More: Flying Into Orlando? Here’s How to Get to Walt Disney World Without Disney’s Magical Express While the Sunshine Flyer provides shuttle service from Orlan
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11 February
Dreams of Disney World Airport in Jeopardy with State Takeover
When Florida Governor Ron DeSantis signs the bill that will allow the State Government to take control over the Reedy Creek Improvement District, The Walt Disney Company will lose much more than the ability to hand-pick the people who serve on the governing Board of Supervisors. An “Airport of Tomorrow” had been intended to be built on Disney’s Central Florida land since Walt initiated “The
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11 February
Kingdom Conquest Complete? Disney World Will NOT Fight State Takeover
When Governor Ron DeSantis returns to the office on Monday morning, he will finally receive the bill from the Florida Legislature to terminate The Walt Disney Company's special autonomy over the Reedy Creek Improvement District. The Governor is expected to sign the legislation, renaming the tract of land the “Central Florida Tourism Oversight District” and replacing Disney’s hand-picke
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10 February
Florida Government Supermajority Votes for Disney District Takeover
The Walt Disney Company is officially one signature away from losing its special powers in the Reedy Creek Improvement District. After passing by a supermajority in the House of Representatives, Florida’s State Senate did nearly the same thing on Friday, February 10, 2023. The Orlando Sentinel reports, The Senate voted 26-9 to approve a bill giving DeSantis the power to appoint the five-member Ree
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10 February
“Unsustainable Business Model”: Journalist Argues Disney Will See Its End Soon
The Walt Disney Company is on the receiving end of much criticism fairly frequently, and in light of the recent news we've received about the layoffs and the reorganization of the company, one journalist shared that many of these developments were unsurprising and that the entertainment giant is due to see its end soon due to Disney's unsustainable business practices. NY Post columnist Karol Marko
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10 February
Another Chapek Era Exec Out as Bob Iger Reorganizes Disney
The past six months have seen significant reshuffling at the highest levels of The Walt Disney Company. Beginning with Bob Weiss leaving his leadership role at Walt Disney Imagineering, the Moust House replaced Bob Chapek with Bob Iger as CEO, who almost immediately ousted Kareem Daniel and started demolishing the company's relatively new Disney media and entertainment distribution division. Read
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9 February
Florida’s House of Representatives Votes “Yes” On Disney District Takeover Bill
Tallahassee is another step closer to stripping The Walt Disney Company of its special autonomy over the Central Florida Reedy Creek Improvement District. The bill, which will rename the district the Central Florida Tourism Oversight district and replace Disney's hand-picked Board Members with five people selected by the Governor and approved by the Senate, among other things was passed via superm
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