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 -8 February
Bob Iger Announces Major Move Away From Chapek-Era Disney
When Bob Chapek became CEO of The Walt Disney Company, he immediately began consolidating power. He also started to put his hands in all the cookie jars, which is necessarily a bad thing, but it definitely had an impact on the company. One most notable thing is that Chapek seemed to put people in charge not because they were qualified for the job, but because they supported him. While it didn’t ma
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8 February
Bob Iger Stays Silent on Disney District Takeover
It has been two days since it was announced that legislation for a government takeover of The Walt Disney Company’s Reedy Creek Improvement District was put before Florida’s House of Representatives. If passed, the “Disney vs DeSantis” debacle will end with the special district in Central Florida which houses the Walt Disney World Resort staying intact, and relatively the same, but now falling und
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8 February
Disney Announces Major Layoffs
On February 8, The Walt Disney Company held its first earnings call since Bob Iger took over as CEO. During the call, Iger spoke mainly about the company’s financial performance, including defending the company's choice to purchase 21st Century Fox, as well as his confidence in Disney+. The streamer is still on pace to make a profit in 2024. In addition to speaking about how well the company is do
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8 February
End of Chapek Era: Iger Announces Massive Company Transformation
The Infamous Chapek Era has officially come to an end, and Bob Iger is back with what he recognizes and the third massive transformation he has led the company through. Speaking at the Company's Q1 2023 Financial Earnings Webcast, Iger laid out a brand new structure for The Company. “After a solid first quarter, we are embarking on a significant transformation, one that will maximize the potential
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8 February
Bob Iger’s Numbers Are In! Here’s How Disney Did In Q1 of FY 2023
For those Disney Fanatics who have been waiting for the final numbers to see how Bob Igers' return has impacted the company, we have them. The Walt Disney Company will have its first FY2023 earnings call later today in preparation for which they have released its earnings report. It seems like things might just be on the up and up for the Mouse House, which has been going through tumultuous times
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8 February
Florida Lawmakers Approve Disney District Takeover Plan
Two days after being filed, new legislation that will strip The Walt Disney Company of its power over the Reedy Creek Improvement District has been approved to go before the Florida Legislature. According to the Orlando Sentinel, “Florida lawmakers moved forward Wednesday with a state overhaul of Disney World’s Reedy Creek Improvement District as Gov. Ron DeSantis vows to end the special st
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8 February
A New Chapter for Disney and Make-a-Wish Might Be On the Horizon
Disney Parks head Josh D'Amaro's latest update might mean that Disney is going to be more supportive of Make-A-Wish visitors at the Parks. The Walt Disney Company is in the business of making magic and making Disney fans' and Guests' dreams come true. The entertainment giant has been doing this for 100 years now and has gotten so good at it, it’s celebrating its centennial now. It stands to reason
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7 February
February 8 Is Going To Be an Important Day for Disney, Here’s Why
The truth will out tomorrow. Or, at the very least, a part of it will. The Walt Disney Company will be discussing its first-quarter earnings results for the financial year 2023 tomorrow, and the call will reveal much about the current goings on of the Mouse House. Disney has had a tumultuous last few months. The company was in more trouble than it cared to admit. As Disney Fanatics know, on Novemb
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6 February
Disney Responds to Florida’s Reedy Creek Takeover Bill
Florida’s State Government has officially filed a Bill in the House of Representatives during a special session of the Florida Legislature aimed at stripping The Walt Disney Company of its autonomy in the vast tract of land known as the Reedy Creek Improvement District. Read More: Ron DeSantis Will NOT Dissolve Reedy Creek, But MAJOR Changes Are Coming For over 55 years, the special district in Ce
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6 February
“Disney Doesn’t Want Guests to Think of Cast Members as People”: Mouse House in Trouble Again
Disney can't seem to get it right. The Mouse House has been on the receiving end of much criticism lately, including now, with the recent union developments. The battle between the Central Florida Cast Members union and the Walt Disney Company for Walt Disney World Resort Cast Members has been in the news for a while now. We've reported before on the protests by the union, the back and forth betwe
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