food IS a theme park
Don’t worry, the word “Magic” is safe and sound!
©Natacha Rafalski and Walt Disney Imagineering via Instagram
You may be used to Disney words like “rope drop” and “Disneybounding”, but don’t expect to see Disney adopt a very popular “M-Word” into its dictionary!
A LOT of big changes are in store for The Walt Disney Company as CEO Bob Iger wraps up 15 months of his second stint as chief of the company.
©Disney
On Tuesday, March 5th, Iger met with analysts at the Morgan Stanley Technology, Media, and Telecom Conference to discuss highlights from the past 15 months as well as the next direction for the Company. While much of what he said were things we already knew based on his discussion of the four key building opportunities that Disney has for 2024, we did get some extra confirmation that Disney had some BIG plans in the future. Let’s talk about it!
When Disney CEO Bob Iger returned to take on the position for a second time in 2022, everyone — fans included — had high hopes.
©MasterClass
After the pandemic, things started to slowly spiral downhill for a lot of media giants — Disney included. For starters, the relatively new Disney+ was expensive to build, and the revenue wasn’t rolling in like Disney had hoped, and theme park revenue and attendance were down because of COVID-19. Bob Iger, who’d recently retired from his position as CEO and was serving as a chairman, seemed to be the company’s only hope. So, in November 2022, he was back in the position. Now, over a year later, some analysts believe Disney doesn’t seem to be much better, although Iger has shared his hopes to make a profit again by the end of fiscal 2024. A former executive has chimed in.
In preparation for the 2024 Annual Meeting of Shareholders, Disney has announced its recommendation for 12 nominees for the Board of Directors. Along with this recommendation, the company released information about executives’ salaries, including the 2023 salary of CEO Bob Iger.
©Disney
Iger returned to Disney to re-take his position of CEO in November 2022. Since then, we’ve seen many changes at the company, including leadership changes, announcements for changes at the parks, and a serious focus on improving streaming assets. Now, we know just how much Iger was paid in the first full year since he returned. [Read more…]
Disney CEO Bob Iger has been making several changes at the company in the past year.
©Disney
Iger took back his role as CEO toward the end of 2022 and has since restructured the company, readjusted the priorities, and even made some theme park changes. We’ve been waiting to see what changes Iger might make in the future, and based on problems at the box office in 2023, it looks like the film studios might be a target. Recently, Iger made comments about how movies aren’t performing because creators are focusing more on “messages” than “entertaining” — but is that really the problem?
It’s a super exciting time for Frozen fans right now!
You can meet OAKEN!!!
We’re previewing the new Frozen-themed land at Hong Kong Disneyland and bringing you all the details about the gorgeous new area, but that’s not all the exciting news. Disney CEO Bob Iger just dropped a HUGE news bomb about the movie series! [Read more…]
Remember those adorable droids that basically took over the internet when they first emerged in Star Wars: Galaxy’s Edge in Disneyland?
©Disney
The wandering droids are being tested right now by Disney’s Imagineering department, and it looks like they might show up in even more parks in the future!
Things have gotten interesting with the Walt Disney Company lately.
Hi, Mickey!
Recently, we saw Disney’s stock prices drop lower than we’ve seen them in about 9 years, and at the Q3 earnings call for fiscal 2023, we learned that overall revenue isn’t as high as the company was hoping it would be when Bob Iger returned as CEO about a year ago. Earlier this year, we heard talk of Disney hoping to acquire more stakes in Hulu, which they already own about two-thirds of. Comcast owns the other third. Disney and Comcast signed an agreement to begin sale talks as early as 2024. Now, there’s been a change regarding the negotiation talk between Disney and Comcast.
Disney just made two SURPRISING announcements!
Disney World
The Walt Disney Company recently held its third-quarter earnings call for fiscal year 2023 and released an earnings report as well. CEO Bob Iger talked about the Hollywood writer and actor strikes, the new ESPN betting service, and a new Disney+/Hulu Duo Bundle, among several other topics. There were quite a few announcements that we were already expecting, but two announcements really surprised us!
Are crowd levels DOWN in Disney World this summer?
Magic Kingdom Summer Crowds in August 2022
While the parks haven’t truly been empty, they’re also not seeming to be as packed as they have been in past summer travel seasons. Many fans have noticed this and speculate as to the reasons why. Some claim that Disney World has finally “priced out” the average guest — but is that the REAL reason the parks aren’t as packed as usual? We’re diving in to find out.
Our handy (and portable!) ebook guides make sure you get the best deals and can plan a vacation of a lifetime.
