food IS a theme park
In response to recent events, the Walt Disney Company has released a statement on the events in Washington DC.
Walt Disney Company Logo
On the evening of January 7th, 2021, a brief statement was posted to the Walt Disney Company’s Twitter page.
Bob Iger is the former CEO and current Executive Chairman of The Walt Disney Company.
©Bloomberg
There have been numerous rumors whether Iger would run for Presidency in the last election. The former CEO planned to step down in 2021 but sped up the process earlier this year. Some believed Iger wanted an early retirement and others speculated that he may be running for office. Election Day has come and gone and it’s clear that Iger didn’t throw his hat into the ring. He has, however, admitted that he considered running for office.
Disney has consistently been churning out news and updates to their procedures since reopening in July.
Walt Disney World Resort entrance
Lots of the news has been focused on the reopening of the parks, but there have also been many guidelines that affect Disney Cruise Line. Disney CEO, Bob Chapek, recently shared some news about the future of Disney cruises!
Disney World has been operating at a significantly limited capacity since the reopening of the parks.
Magic Kingdom
In October, Disney CEO Bob Chapek confirmed that the parks were operating at 25% capacity. Now, as we listen in to the Q4 Earnings Call for the Walt Disney Company, we’ve learned that capacity has been increased.
Earlier today, Disney CEO Bob Chapek shared details about the company’s plans for the future.
Disney CEO Bob Chapek
The major topic of discussion was Disney+ and Chapek revealed that the company plans to prioritize the focus of the entertainment division on the streaming service moving forward. He also announced a date for the upcoming virtual Investor Day and shared information on theme park capacity.
Disney proposed a potential reopening date and plan for Disney World yesterday, and it’s a lot to dig into.
Bob Chapek
Yesterday, we heard some comments from Disney CEO Bob Chapek about the reopening and how Disney is looking to welcome guests back responsibly. Today, Chapek spoke with Good Morning America to further lay out the reasoning and expectations behind what a reopening day in Disney World will look like.
Earlier, we shared that Chapek had spoken out about why the parks would be opening in July.
Bob Chapek
Now, Chapek has expanded on his initial statements going into a bit more detail as to why the park is choosing to open over a month after other theme parks like Universal Studios, which is reopening June 5th.
Disney World has just presented its reopening procedures to Florida’s Orange County Economic Task Force as well as its proposed reopening dates.
Mickey Mouse
And now, Disney CEO Bob Chapek has just given a brief interview to CNBC with more details about the parks’ proposed reopening dates of July 11th for Magic Kingdom and Animal Kingdom, and July 15th for EPCOT and Disney’s Hollywood Studios.
We’ve seen a lot of Disney World president Josh D’Amaro over the past few weeks as he’s sent us some friendly messaging during the Disney World closure.
©Disney
Now, Josh D’Amaro is no longer leading Disney World. In a press release today, Disney announced its new leadership team, including D’Amaro moving into the position of Chairman of Disney Parks, Experiences and Products — the role previously held by the current CEO of the Walt Disney Company, Bob Chapek.
At this time, Disney World and Disneyland will remain closed until further notice and will be compensating their employees until April 18th, after which all non-essential Cast Members will be short-term furloughed.
And while the parks are accepting new reservations starting after June 1st, they’ve just released all of their incoming college interns and cultural representatives from their Disney programs which were scheduled to begin in early June.
Bob Chapek at Star Wars: Galaxy’s Edge Dedication Ceremony
Combined with other efforts to budget-cut due to theme park losses compounded by hits to nearly all of Disney’s primary entertainment silos, news broke recently that some of Disney’s most highly-paid executives were taking major salary cuts, including current CEO Bob Chapek and CEO-turned-Chairman Bob Iger.
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