Business
Disney Fanatic is here to deliver the latest business-focused news from The Walt Disney Company and beyond.
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Dec- 2022 -16 December
Theater Owners Say No to ‘Avatar 2’ After Disney Demands 70% Cut
The long-anticipated Avatar: The Way of Water has finally emerged from 20th Century Studios and the Disney Umbrella, opening in theaters today. But like Disney’s previous box office attempts, this will also face drawbacks and resistance from theaters. Disney’s 2022 box office has been plagued with issues reportedly due to the company’s insistence on pushing “woke” LGBTQ+ narratives, from Pixar’s L
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14 December
Disney Sued by Investor Over Florida Fight
One of The Walt Disney Company’s investors filed a lawsuit against it over the actions it took in opposition to the State of Florida’s Parental Rights in Education Law. According to a report from Bloomberg, the investor Kenneth Simeone argues that The Walt Disney Company created “far-reaching” financial risks by publicly opposing the legislation, specifically in the loss of control over tax and im
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14 December
Is Disney’s ‘Star Wars’ Hotel an Epic Failure?
When you hear the term “Disney Resort” what do you think of first? Do you think about standout accommodations that go above and beyond in both elaborate theming as well as stellar onsite amenities? Even the most unique Resort variations all tend to have commonalities—comfortable standards you’ve come to lovingly expect as part of the overall magical Disney experience. But how would you feel about
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8 December
Disney’s Next CEO? Top 5 Candidates to Replace Bob Iger
Bob Iger ran Disney for 15 years during a beloved period of the company’s history. After Bob Chapek (Iger’s pick for CEO) was aggressively ousted on November 20, 2022, Iger is back to retake the helm. Iger has signed a 2-year contract to be CEO at The Walt Disney Company, with the understanding that he would use this time to “groom” his new successor. Everyone is hopeful that he will help remediat
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8 December
Iger Believes Disney has “Extra Responsibility” in “Influencing laws”
A quick look on social media would reveal that many onlookers expected Disney to diminish its overt sociopolitical agendas. However, recent statements from returning CEO Bob Iger will most likely leave the frustrated hopeful disappointed. Related: Bob Iger Suggests Disney Will Stay Out of Politics, But Won’t Reverse “Woke” Policies On December 6, Iger appeared with former President Barack Obama to
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8 December
Business Owner Treats 10,000 Employees and Families to Disney World Vacation
It is the season of giving, and one billionaire business owner decided to give a Walt Disney World vacation to 10,000 of his employees and their families (including 2,500 kids). According to the New York Post, Citadel CEO Ken Griffin made the enormous purchase in honor of the 20th anniversary of Citadel Securities and the 32nd anniversary of the hedge fund, as well as impeccable returns on an othe
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7 December
Disney Park Announces Reopening Again
Once again, every Disney Castle Park around the world will be open for Guests to enjoy. At least for now. After experiencing yet another closure, Shanghai Disneyland is reopening its gates. The announcement on its website states, Shanghai Disneyland will resume operations on December 8, 2022, operating from 8:30 to 20:00 on the reopening day, marking Shanghai Disney Resort’s return to full operati
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6 December
Universal Confirms Opening Date of Epic Universe Theme Park
Disney World’s biggest rival shared more details on its new Theme Park and confirmed when fans would be able to experience it. Over the past three years, Universal Orlando Resort has been constructing this third and largest Theme Park, Epic Universe, and NBCUniversal CEO Jeff Shell confirmed that it was on track to be completed by the Summer of 2025. “I don’t think we’ve said the exact date that w
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6 December
Report: Christine McCarthy Early Favorite to Replace Bob Iger
Could The Walt Disney Company get its first female CEO after Bob Iger’s final departure? It looks more and more likely to be the case, as a new report shows the current Chief Financial Officer, Christine McCarthy, as the leading contender for the position. “Christine has always been a force to be reckoned with, but you have to put her on a list of top five possibilities after the last few weeks,”
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6 December
Bob Iger Shares Birthday Tribute to Walt Disney
December 5 is remembered by many Disney Fanatics as the day Walter Elias Disney came into the world to touch the hearts of billions around the world and create the magical legacy we still enjoy today. The entertainment innovator that gave us the first animated feature with sound, the first Theme Park, and unforgettable movies and characters would have been 121 this week if he had not perished from
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