food IS a theme park
The Walt Disney Company announced a donation of $2 million to organizations that are providing humanitarian relief in the region following the deadly Hamas terrorist attacks in Israel.
©Disney | Walt Disney Company Headquarters
Disney CEO Bob Iger released a statement on the attacks.
Nelson Peltz has reentered the Disney story like a villain even Walt himself couldn’t have dreamed up.
©New York Times Nelson Peltz of Trian Partners
After throwing his name into the ring for a position on Disney’s Board of Directors, Peltz initiated a proxy battle for the spot which ultimately ended before it began, with Peltz pulling out of the fight and declaring his support for Disney and CEO Bob Iger. But, with Disney stock prices at their lowest point in nearly 10 years, Peltz is back — and it sounds like he isn’t too happy.
If you’re a Disney fan, then you probably love being “in the know” when it comes to park updates and big Walt Disney Company news!
Disney World
If so, then join the club, because we’re right there with you. One of the BEST ways to find out about big Disney news, company performance, and changes to come is to tune in to the quarterly earnings calls throughout the year. Here, you’ll get to hear from company executives, including Disney CEO Bob Iger, as they share company gains and losses as well as how they plan to mitigate the losses and keep the gains comin’. The good news? Another earnings call is happening SOON and you can tune in!
This past week, Disney made a HUGE announcement.
©Disney
They let fans know that they plan to DOUBLE their investments in Parks, Experiences, and Products (DPEP). This will mean spending $60 billion on expansions over the next 10 years. That’s a lot of money! But fans aren’t really sure what to think about this announcement. We asked our readers “What do you REALLY think about Disney’s $60 billion expansion plans?” We got quite a mix of opinions. Here’s what they said.
News of Disney’s new plan to spend $60 billion on its Parks, Experiences, and Products division has spread quickly on the internet today.
©Disney
Disney announced in a security filing that they plan to increase their investments in Parks, Experiences, and Products (DPEP) by twice the amount from the past decade. If you think about what the company has created in the past 10 years with $30 billion, just imagine what it can accomplish with twice that much.
Bob Iger, CEO
In the announcement from Disney, we got a lot of information about what we could possibly expect in the years to come. They teased that there are plenty of untapped movies and stories from many popular franchises that could potentially make their way to the parks and Disney Cruise Line. But now, we have a few questions.
Could one Disney rumor become a reality soon? And if it does, what would it mean for Disney and its fans?
©Disney
Some Disney rumors have come true — like the hushed whispers about a potential return of Bob Iger as CEO — while others have simply kept circulating within the rumor mill. One big rumor that has been going around for a while and has recently picked up some more steam is the possibility of Disney being sold to Apple. In fact, it’s something Iger speculated might have occurred if Steve Jobs was still alive. To some, selling Disney to Apple might seem like a great idea, but it will come with its own set of complicated challenges…
Spectrum Cable TV subscribers have been faced with a “stressful” issue: several channels are currently unavailable as Spectrum’s parent company, Charter, battles with Disney over a contract dispute.
©Disney
Although Disney has made references to potential changes coming to its linear TV networks and ESPN someday, this ongoing dispute has been impacting a large portion of subscribers during an important time of year for sports fans.
Disney leadership has been on quite the rollercoaster ride recently.
Bob Chapek and Bob Iger ©CNBC
Bob Chapek was removed from his position as CEO in late 2022 and Bob Iger returned after just a brief time away. Since that time, we’ve seen various executives leave the Company, others return (sometimes in advisory capacities), and major shifts in organization take place. But news about Chapek and his view on his time as CEO has been noticeably absent…until now.
Things have been…complicated…with the Walt Disney Company lately.
©Disney
Though some financial results have been positive, others have exposed serious challenges the Company is facing. Bob Iger has extended his time as CEO, major changes could be in store for big pieces of the Company, and things like the strikes in Hollywood have impacted the business in a big way. So what’s happening now? Well, things aren’t looking great for the stockholders and one analyst has shared his thoughts on how things might need to change.
So let’s talk about this HUGE EPCOT transformation that has been underway for several years now.
EPCOT
That transformation has involved a LOT — the front of EPCOT even looks different now, with a new fountain and lighting on Spaceship Earth. EPCOT even got a new attraction (Guardians of the Galaxy: Cosmic Rewind), with another (Journey of Water — Inspired by Moana) on the way. Well, the Disney Imagineer who oversaw a lot of that work just got a promotion with the company.
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