food IS a theme park
Disney has announced over $5 BILLION in budget cuts company-wide.
Magic Kingdom
Things are definitely gonna be changing, but how will those cuts alter the theme parks and the Disney movies we know and love?
Bob Iger returned as Disney’s CEO in November 2022 with a 2-year term and a clear mandate — reorganize the Company for success and find someone else to succeed you as CEO.
©Reuters | Disney CEO Bob Iger
Since that time, we’ve already seen Iger make some big moves. Certain executives have left the company, a massive restructuring was recently announced, Iger has expressed that he is really focused on making streaming profitable, and layoffs and other cost-cutting measures are on the way. But if you, like many others, have wondered just whether 2 years will be enough for Iger to do what he wants and if he’ll stay longer, there’s an update you need to know about.
Now that Bob Iger is back as CEO of the Walt Disney Company — he has a long road ahead of him to “set the strategic direction” as he was tasked with.
©Alberto E. Rodriguez / Getty Images
That strategic redirection includes a massive overhaul of the company’s structure, which many expected, but what that new structure would look like remained unclear — until recently. Disney held its first company earnings call since Iger’s return, and he declared out with the old and in with the new — effective immediately.
Many have wondered about the future of Disney since several major changes have taken place in the last few months.
Disney World
One of those changes is the upcoming hiring freeze that former CEO Bob Chapek announced in early November. We found out later that month that Bob Iger planned to continue with the freeze, but we hadn’t heard anything since. Now, Iger has commented on the upcoming freeze and what it means for the company and its employees.
Surprises — they can be full of joy (like a surprise ride reopening) or riddled with stress. While 2023 may hold many wonderful surprises for Disney fans and Disney’s own CEO, it is shaping up to be a year with some NASTY surprises too.
©Reuters | Disney CEO Bob Iger
Since assuming the role (again) in November of 2022, Bob Iger has had to come to terms with the fact that Disney simply is not the same way he left it. And thanks to serious battles with Florida politicians and complications with Disney’s Board of Directors, some unpleasant surprises could await him later this year. So today we’re breaking down just 3 of the worst surprises that Iger may have to face within the upcoming months.
A LOT has happened in Disney World since Bob Iger returned to his role as CEO of the Walt Disney Company.
©Disney
The park pass reservation system changed for Annual Passholders, overnight parking is free again at Disney World hotels, and Genie+ users will soon get free PhotoPass downloads of attraction photos. The CEO also recently visited Disney World and met with Cast Members.
When it comes to The Walt Disney Company, change is inevitable.
Cinderella Castle
And we’ve seen a TON of it recently. No one is more attuned to change at Disney than Disney adults, and they might have more to do with it than any of us originally realized. From reviving long-lost nighttime shows in the parks to bringing a CEO out of retirement and potentially resurrecting an imaginary dragon from the dead, Disney adults are more powerful than you think.
The Walt Disney Company recently had a major shake-up when Bob Iger returned as the company’s CEO, replacing Bob Chapek. Following Chapek’s departure, we saw a few other Disney executives exit the company.
©Disney | Walt Disney Company Headquarters
Now, more executive changes are taking place! [Read more…]
Since Bob Iger’s sudden return to the Walt Disney Company, many have been eagerly watching to see what BIG changes may be put into place.
©Reuters
We’ve shared a full post of EVERY change that has taken place since Iger took over, and we know that organizational and operating changes are expected to be implemented as a result of Iger’s return. But now certain employees will feel the impact of another Iger-implemented change.
Do you ever wonder just HOW much money Disney as a company is making?
©Disney
Or maybe you’re curious about how much Disney makes in its parks or how much Disney+ and Hulu are raking in (or losing)? If you are, Disney hosts an earnings call four times a year to go over its numbers — and we now know when the next earnings call will take place!
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