food IS a theme park
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.
When Bob Iger suddenly announced he was stepping down from Disney’s Chief Executive Officer, the news came as a surprise to many.
Bob Iger
It’s true that we already knew Iger had plans to retire in 2021, but why was he calling it quits so early?
With the tough decision to close Disney World and Disneyland until further notice and postpone all Disney Cruise Line sailings until after April 28th, The Walt Disney Company’s ability to generate revenue is taking a big hit right now.
Sleeping Beauty Castle in Disneyland
And while Disney has promised its Cast Members paychecks until April 18th, the Walt Disney Company’s CEO Bob Chapek and former CEO Bob Iger have announced they’ll be taking a large reduction in salary.
We’ve been hard at work in the parks scoping out all the latest news for you! First, a few things to remember…
Rubber Duck BB Just Chillin’
We have a lot to share with you this week, so let’s jump right in…
According to CNBC, Bob Iger has JUST stepped down from his role as Disney CEO.
Bob Iger
Iger will be assuming a new role of executive chairman, a position he will remain in through the end of 2021.
At last Thursday’s Walt Disney World investors’ event, Disney CEO and Chairman Bob Iger announced that he will leave the company when his current contract expires in 2021.
Bob Iger
He had previously planned to step down in 2018, but his contract was subsequently extended twice (once in March 2017 and again in December 2017). [Read more…]
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