Tag: Bob Chapek
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It’s Not an April Fools’ Joke – DISNEY Reporter
Welcome to another edition of DISNEY Reporter! This week, there is a lot of ground to cover with the top five stories of the week from DAPS MAGIC. The first story could seem like an April Fools’ Joke, but it isn’t. California announced updated guidelines this week that could enable theme parks, including Disneyland, to…
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Good Food is Coming! – GEEKS CORNER – Episode 1122 (#545)
Welcome to another episode of GEEKS CORNER! This week, there is a lot to geek out about and a lot of food to look forward to. The GEEKS start the show off by talking about the recent anniversary of the Magic Happens parade at the Disneyland Resort. This magical parade ran just a few weeks…
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Bob Chapek Hints at Changes Coming to Theatrical Windows of Disney Films
During a talk at the Morgan Stanley Technology, Media and Telecommunications Conference on Monday, Walt Disney Company chief exec Bob Chapek indicated that theatrical windows may never be the same again after the pandemic. During the speech, Chapek reiterated his commitment to releasing movies theatrically. In 2019, Disney released 11 films that garnered at least…
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20 Years of Disney California Adventure – DISNEY Reporter
Welcome to another edition of the DISNEY Reporter! Each week, we cover the top five stories of the week from the Disney and geek community giving you a quick overview of what is going on! This week, a lot of news came out of an earnings call from Disney. This included the fact that Disney+…
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Expect COVID Precautions to Continue Through the Rest of the Year at Disney Parks
Guests visiting Disney Theme Parks should expect to be wearing face masks, socially distancing, and continuing with other safety measures when they visit through the end of the year. Bob Chapek commented on the matter during an earnings call this week. “We have no doubt that when we reopen up in parks that were closed,…
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Disney Still Intends to Release Black Widow Theatrically
The Walt Disney Company still is planning on releasing Black Widow in theaters Disney CEO Bob Chapek confirmed during an earnings call on Thursday. There has been lots of speculation about the next movie in the Marvel Cinematic Universe moving to Disney+ instead of getting the planned theatrical release. During the call, Chapek confirmed that “We…
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Disneyland Resort Parks to Remain Closed For Over a Year Disney Confirms
This week The Walt Disney Company hosted its quarterly earnings call and some updates were shared about the status of Disneyland’s reopening. First off, it won’t be happening anytime this quarter. Second, that doesn’t mean it will be opening as soon as this quarter is over at the end of March or beginning of April.…
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The Walt Disney Company Reports First Quarter Earnings for Fiscal 2021
BURBANK, Calif. — The Walt Disney Company (NYSE: DIS) today reported earnings for its first fiscal quarter ended January 2, 2021. Diluted earnings per share (EPS) from continuing operations for the quarter decreased 98% to $0.02 from $1.17 in the prior-year quarter. Excluding certain items,(1) diluted EPS for the quarter decreased 79% to $0.32 from $1.53…
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No Bonuses for Top Executives as Pandemic Continues to Hamper Disney’s Business Efforts
As COVID-19 continues to have a major impact on the business endeavors of The Walt Disney Company, top executives did not receive cash bonuses for the most recent fiscal year. The result of this is that overall compensation was much lower for Disney’s top executives, where pay is based on performance over base salaries. Bob…
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Always Look for the Bright Side of Life – DISNEY Reporter
Welcome to the DISNEY Reporter! Each week, we cover the top five stories of the week from DAPS MAGIC’s Disney and geek headlines! This week, the news spans the globe and beyond with news from different reaches of The Walt Disney Company and also some geek news. First off, Bob Chapek released a strong statement…
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Disney CEO Bob Chapek Speaks Out After Washington D.C. Chaos
Yesterday, Washington D.C. was thrown into chaos when a mob descended on the Capitol of the United States of America. Following the riot, today Disney CEO Bob Chapek released a statement. This came as multiple other leaders across the countries shared their disdain for yesterday’s events. The statement was released on the official Disney Twitter…
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Disney Plus Up – Top 5 Good News Disney Stories of 2020 – #1
In the final good news story of 2020 for Disney, Disney Plus has had its first year and it was quite the year! And, yes, I might be cheating with this number one spot since it is another compilation type story. But, all roads point to Disney+. Investor Day 2020 The recent Investor Day highlighted…
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Bob Chapek, CEO – Top 5 Good News Disney Stories of 2020 – #2
We’re close to the end of the top 5 list and this one has some parts to it (as others do if you’ve been following along). This story could have been at the top, but there has been one more thing to top off the whole list. And this has been good news for the…
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Full Reporting and Reacting to Disney Investor Day 2020 – DAPS MAGIC Live!
Disney Investor Day was on December 10, 2020. Over the course of the day, The Walt Disney Company gave a look at where it is at and where it is going. The major focus for this was on Direct-to-Consumer or DTC. Throughout out the course of the four plus hour presentation, Disney executives gave a…
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Disney Parks, Experiences and Products Chairman Josh D’Amaro Gives Look at Disney’s Future
Disney Parks, Experiences and Products Chairman Josh D’Amaro today shared with the IAAPA Expo: Virtual Education Conference a look at what Disney’s future will be like. D’Amaro didn’t just share what the future will look like though, but also the lessons that Disney had to learn during the last year as it navigated the choppy waters…
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The Walt Disney Company Reports Fourth Quarter and Full Year Earnings for Fiscal 2020
BURBANK, Calif.–The Walt Disney Company (NYSE: DIS) today reported earnings for its fourth quarter and fiscal year ended October 3, 2020. Diluted earnings per share (EPS) from continuing operations for the fourth quarter was a loss of $0.39 compared to income of $0.43 in the prior-year quarter. Excluding certain items affecting comparability(1), diluted EPS for…
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Disney+ Nears 74 Million Subscribers
One year ago today Disney+ was launched. Today, Disney CEO Bob Chapek announced that Disney’s streaming service has grown to nearly 74 million subscribers. The news came via an earnings call from Disney. The exceptional growth for Disney+ is a bright spot for the company that has been hit hard in its theme parks and…
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Disney Expects Disneyland Resort to Remain Closed Through End of Year
Today on an earnings call Disney shared that they expect the Disneyland Resort will stay closed through the end of the year or first fiscal quarter. The news came from Disney CFO Christine McCarthy on the call. Disney CEO also voiced his disappointment in the inability of the Disneyland Resort to reopen due to California’s…
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Senator Elizabeth Warren and Disney Spar Over Executive Pay and Layoffs
Senator Elizabeth Warren has slammed Disney over its recent layoffs. In an open letter to the company, Warren criticized the decision to layoff cast members while also having executive pay restored shortly before the layoffs. She also strongly criticized other business decisions made by the company. “In the years leading up to this crisis, your…
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The Walt Disney Company Announces Strategic Reorganization Of Its Media And Entertainment Businesses
New Structure Designed to Further Accelerate the Company’s Direct-to-Consumer Strategy, in light of the Rapid Success of Disney+ Company’s Creative Engines Will Focus on Producing Content for DTC as well as Legacy Platforms, while Newly Centralized Distribution Group Will Oversee Commercialization and Distribution of All Content Globally Alan F. Horn and Alan Bergman, Peter Rice,…
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Disney-Pixar’s Soul Coming to Disney+ Exclusively for Christmas
Today it was announced the Disney-Pixar’s upcoming animated feature, Soul will be moving from its November 20, 2020, theatrical release date to December 25th where it will be released exclusively on Disney+. “We are thrilled to share Pixar’s spectacular and moving ‘Soul’ with audiences direct to Disney+ in December,” said Bob Chapek, Chief Executive Officer,…
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The Results Are In – DISNEY Reporter
Welcome to another edition of DISNEY Reporter! Each week it covers the top Disney and geek stories that has happened of the course of the last seven days. This week, the results are in on The Walt Disney Company’s third quarter. While they weren’t great, there were also a few glimmering spots. The parks’ numbers…
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Muppets Are Back, Luca’s Coming! – GEEKS CORNER – Episode 1044 (#515)
Welcome to another episode of GEEKS CORNER! Each week we talk about the things we want to geek out about because it’s good to be a geek, especially a Disney geek! This week is no exception. Throughout the course of the show, the geeks chat about the earnings report from The Walt Disney Company. This…
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Disney Loses $3.5 Billion Due to Pandemic Closures of Parks
The Walt Disney Company lost $3.5 billion in operating income during the fiscal 3rd quarter as a result of the park closures caused by the coronavirus pandemic. The news came from Disney CEO Bob Chapek on an earnings call focused on the 3rd quarter. This contributed to a nearly $5 billion loss for the company…