Tag: The Walt Disney Company
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As Disney and DeSantis Feud Continues in the Courts, the Battle of Public Opinion Appears to Have a Winner
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Since Disney came out against Florida’s Parental Rights in Education, also known as the “Don’t Say Gay,” law last year, it has found itself embroiled in a feud with Florida Governor Ron DeSantis. This has led to Governor DeSantis making statements like “there’s a new sheriff in town” while attacking the efforts of “woke Disney.”…
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Christine McCarthy To Step Down As Disney’s Chief Financial Officer; Kevin Lansberry Will Assume Role Of Interim CFO
McCarthy, who is taking family medical leave, will continue to serve as a strategic advisor to ensure a successful transition BURBANK, Calif., June 15, 2023—The Walt Disney Company’s (NYSE: DIS) Senior Executive Vice President and Chief Financial Officer Christine M. McCarthy will be stepping down from her role and taking a family medical leave of…
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Central Florida Tourism Oversight District v. Disney Lawsuit Court Date Set
The court date for the Central Florida Tourism Oversight District v. Disney lawsuit has been set. The lawsuit, which was filed in the 9th Judicial Circuit Orange County, was filed as a countersuit after Disney sued Florida Governor Ron DeSantis and other Florida leaders, including the board for the Central Florida Tourism Oversight District. According…
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75 Positions Cut at Pixar Animation Studios
Over the last few months, The Walt Disney Company has been cutting 7,000 jobs from its ranks. This is part of a cost-cutting initiative to save the company $5.5 billion. This last week it was learned that Disney had reached its target of eliminating 7,000 positions from its workforce. Reuters reports that 75 of these…
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Disney+ to Take $1.5 Billion Content Write-Off After Pulling Titles From Streaming Services
Disney is going to be taking a $1.5 billion impairment charge for the June quarter after pulling dozens of titles from Disney+ and Hulu. The news came from an FEC filing that The Walt Disney Company made on Friday. The filing said that the company removed content from its streaming services on May 26, 2023,…
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New Judge in Disney’s Lawsuit Against Florida Governor DeSantis Sets Pre-Trial Timeline
Just one day after Judge Walker recused himself from a lawsuit brought against Florida Governor Ron DeSantis by Disney, the new judge, Judge Allen C. Winsor, has ruled on the pre-trial timeline. The motions for the pre-trial timeline were agreed to by both parties. Pre-Trial Timeline These dates set a timeline for when any pre-trial motions…
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The Walt Disney Company Reportedly Completes Layoffs
The Walt Disney Company has reportedly finished its 7,000 layoffs that were part of a cost-cutting strategy that was announced earlier this year. The bulk of the layoffs took place in three waves throughout the last few months, with the second wave being the biggest. The first wave took place in March, the second in…
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Disney’s Third Round of Layoffs Reportedly Begin
Disney began its third round of layoffs on Monday multiple news sources are reporting (including CNN and Deadline). The cuts this time around are expected to impact up to 2,500 jobs. This is expected to be the last significant round of layoffs to hit The Walt Disney Company. The layoffs come after Disney CEO Bob…
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Disney CEO Bob Iger Speaks Out on Florida Feud Calling it “A Matter of Retaliation”
During an earnings call today, Disney CEO Bob Iger was asked about the ongoing feud between Disney and the state of Florida led by Governor Ron DeSantis. His response was strong and straightforward. In it, he stated Disney’s position and how he also saw Florida’s. In Iger’s opinion, it all comes down to retaliation. “Regarding…
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The Walt Disney Company Reports Second Quarter and Six Months Earnings for Fiscal 2023
BURBANK, Calif.–The Walt Disney Company (NYSE: DIS) today reported earnings for its second quarter ended April 1, 2023. “We’re pleased with our accomplishments this quarter, including the improved financial performance of our streaming business, which reflect the strategic changes we’ve been making throughout the company to realign Disney for sustained growth and success,” said Robert…
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LIVEBLOG: The Walt Disney Company Shares Second Quarter Financial Results
On May 10, 2023, at 4:30 PM ET / 1:30 PM PT The Walt Disney Company discusses their fiscal first quarter 2023 financial results. Follow along as Mr. Daps and the Daps Magic team provide live updates on this financial call here: The earnings call is hosted by Disney CEO Bob Iger. Since returning to…
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The Walt Disney Company Executives To Participate In The SVB MoffettNathanson Technology, Media & Telecom Conference
BURBANK, Calif., May 8, 2023 – Christine McCarthy, Senior Executive Vice President and Chief Financial Officer, The Walt Disney Company (NYSE: DIS) and Rita Ferro, President, Advertising Sales, The Walt Disney Company, will participate in a question-and-answer session at the SVB MoffettNathanson Technology, Media & Telecom Conference on Wednesday, May 17, 2023 at approximately 10:00…
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Florida Governor DeSantis Claims He Beat Disney, the Courts Might Say Otherwise
In a recent interview, Florida Governor DeSantis claims that he has beaten Disney in the ongoing feud that began last year. However, the courts might have something different to say about that. After ex-Disney CEO came out against a “Don’t Say Gay” bill last year, the governor went on the attack. Under his leadership, Florida…
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Florida House of Representatives Passes Bill That Gives Central Florida Tourism Oversight District Authority to Overturn Reedy Creek Contracts
The Florida House of Representatives has passed SB 1604, a Land Use Bill with an amendment that gives the Central Florida Tourism Oversight District board the authority to overturn contracts that were approved by its predecessor, the Reedy Creek Improvement District Board. The bill was passed by a 75-34 margin and will now head to…
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Disney And Make-A-Wish® Celebrate Longstanding Relationship And 150,000 Disney Wishes On World Wish Day®
As Most-Requested Wish in the World, Disney Marks Milestone Moment with Global Events and the First-of-its-kind Main Street, U.S.A. Windows Dedicated to Wish Kids of the World BURBANK, Calif., May 1, 2023 – The Walt Disney Company and Make-A-Wish celebrated World Wish Day on Saturday, April 29, a date that marks the anniversary of the wish that…
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Florida Senate Introduces Amendment to Inspect Walt Disney World Resort Monorails
The feud between Florida and Disney continues to move forward as the DeSantis led efforts to clamp down on Disney expand. The newest step in this disagreement comes in the form of an amendment added to a transportation bill from the Florida Senate. This bill would have Walt Disney World Resort Monorails inspected by Florida…
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Second Round of Layoffs to Hit The Walt Disney Company This Week
The second round of layoffs are expected to begin this week at Disney. This is the second of three rounds of layoffs for The Walt Disney Company as part of its efforts to cut $5.5 billion. Variety is reporting that starting today, the layoffs for the second round will begin. They should be done by…
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The Walt Disney Company Executives To Discuss Fiscal Second Quarter 2023 Financial Results Via Webcast
BURBANK, Calif., April 5, 2023 – The Walt Disney Company (NYSE: DIS) will discuss fiscal second quarter 2023 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Wednesday, May 10, 2023. Results will be released after the close of regular trading on May 10, 2023. To listen…
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Asad Ayaz Named The Walt Disney Company’s First-Ever Chief Brand Officer
BURBANK, Calif., April 6, 2023 – Asad Ayaz has been named the first-ever Chief Brand Officer of The Walt Disney Company, effective immediately, it was announced today by Robert A. Iger, Chief Executive Officer. In this newly created role reporting to Iger, Ayaz will be responsible for stewarding and elevating the Disney brand globally across…
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Joe Earley Named President, Direct-to-Consumer, Disney Entertainment
Joe Earley has been named president, Direct-to-Consumer, Disney Entertainment, effective immediately, it was announced today by Alan Bergman and Dana Walden, co-chairmen, Disney Entertainment. Earley, who most recently served as president of Hulu, will lead Disney Entertainment’s streaming efforts including Disney+ and Hulu, reporting to Bergman and Walden. Earley succeeds Michael Paull, who is leaving…
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Disney CEO Bob Iger Calls Florida Governor Ron DeSantis’ Actions Anti-Business and Anti-Florida
During the Disney Annual Shareholders Meeting this morning Disney CEO Bob Iger spoke out about the actions of Florida Governor Ron DeSantis against The Walt Disney Company. The Disney CEO was responding to a question during the Q&A period at the end of the meeting. The response was in reaction to a question about Disney’s…
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LIVEBLOG: The Walt Disney Company 2023 Annual Shareholder Meeting
Welcome to Daps Magic’s coverage of The Walt Disney Company 2023 Annual Shareholder meeting. The meeting is scheduled to begin at 1:00 PM ET/ 10:00 AM PT with Daps Magic’s coverage starting a few minutes earlier. Watch the liveblog coverage as Bob Iger leads his first annual shareholder meeting for Disney since returning as the…
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‘Disney100: The Exhibition’ Guided by Walt Disney’s Core Philosophies
When the Walt Disney Archives took on the task of creating an expansive, immersive exhibition to celebrate the 100th anniversary of the founding of The Walt Disney Company, it looked for inspiration from Walt Disney himself. Rather than covering the company’s history in chronological order, the exhibition is organized in 10 galleries that reflect Walt’s…
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Disney Cruise Line Heading to Singapore
The Disney Cruise Line is heading to Singapore. This will mark the first time that the cruise line will head to Southeast Asia. Disney Cruise Line and Singapore Tourism Board announced today a deal that will have a new Disney ship based in Singapore for the next five years. The announcement was made by Disney…