Business
Disney Fanatic is here to deliver the latest business-focused news from The Walt Disney Company and beyond.
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Sep- 2023 -18 September
CAPTURED! Magic Kingdom Bear to Be Relocated
On Monday, September 18, Walt Disney World Resort guests headed to the Magic Kingdom to enjoy a day of fun. However, when they arrived and walked through the gates, they were shocked that nearly half of the theme park was closed. Magic Kingdom cast members informed guests that they were unable to access Liberty Square, Frontierland, and parts of Adventureland. They were not able to enjoy the rides
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17 September
Disney Employees “Freaking Out” As Bob Iger Considers Dismantling Company
When Bob Iger was brought back as CEO of The Walt Disney Company in November 2022, he had one goal — to make Disney the powerhouse company it once was. Disney stock was dropping, theme park prices were soaring, and guests were more dissatisfied than ever. Additionally, Disney+ — Disney's streaming service — was costing the company billions of dollars. It was a tall order —
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17 September
Pastor Uses Bible Verse To Tell Disney to ‘Obey Authority’ At DeSantis Board Meeting
Just before the Central Florida Tourism Oversight Board entered its regular meeting, Pastor David Netorg was asked to speak to the Board hand-picked by Florida Governor Ron DeSantis. Netzorg is the founder of the Emmaus Church in Winter Garden, Florida, which has run into controversies of its own. Netzorg told the Board that government work is a “calling” and that they “actually
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15 September
Chairman of DeSantis’ Disney Board Accuses Reedy Creek of “Corporate Cronyism”, Calls Lawsuit “Bogus”
When Walt Disney was trying to make his Walt Disney World dreams into a reality, he needed to buy a lot of land in Florida. He thought that if landowners knew he was the one purchasing the land, then they would jack up their prices. He also didn't want other businesses to find out what he was doing and build up the area, as they had in Anaheim, where Disneyland was. So, he created a company called
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15 September
Disney Exodus Continues as Chief Information Officer Leaves Company
The Walt Disney Company is just a parade of negative press this year. One of the more dire issues has become a disconcerting trend – the exodus of high-level executives. Another C-suite executive has left the company, painting a tale that something could be problematic within the House of Mouse. Diane Jurgens Leaves Disney The Wall Street Journal has reported the most recent departure. Chief Infor
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15 September
Mogul Offers Disney $10 BILLION For ABC
It's an interesting time at The Walt Disney Company. The once unstoppable media giant is struggling with a multitude of issues — including dual strikes and massive losses from Disney+. Disney CEO Bob Iger is also continuously thinking about what to do with Disney's linear networks. In layman's terms, linear networks are networks that have content to be created specifically for cable. Disney'
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15 September
Disney Calls Out Reports of ABC Network Sale
Disney Fanatic recently reported on quotes made by a prominent Nexstar Media group executive about potentially purchasing Disney's local ABC television programming. While our initial article focused on the challenges of a possible purchase, many media outlets reported that the two companies were actually engaged in talks over a sale. The Walt Disney Company has since commented on the matter, and i
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15 September
Disney Admits Defeat Over Disney+ Streaming Goals
The Walt Disney Company set out for truly ambitious streaming subscription numbers by 2024. While the COVID-19 pandemic caused a surge in popularity on its Disney+ platform, the company didn't anticipate the fall that would happen after the global disaster subsided. Disney is now taking the stage to tell everyone, “just kidding,” and altering the deal. Pray it doesn't alter it further.
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14 September
Leaked Documents Show DeSantis’ Board Completely Remaking Disney District
When the Central Florida Tourism Oversite District took over for the Reedy Creek Improvement District earlier this year, the Walt Disney Company stripped the new Board of its power. With the help of Governor Ron DeSantis and the Florida Legislature, the CFTOD was able to claw back some of that power. But since then, the new Board of DeSantis appointees have worked full-time to show Disney who was
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14 September
Subscribers Enraged as Disney Reminds Them of Streaming Price Hike
Back in early August, The Walt Disney Company hosted its third-quarter earnings call. During the call, Disney CEO Bob Iger spoke about the issues surrounding the company and its streaming platforms. Disney+ has been around since 2019 and has cost Disney billions of dollars, and its subscriber numbers continue to decrease. But Disney+ is not the only streaming platform in The Walt Disney family. Di
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