In March 2020, the world shut down as the COVID-19 virus swept across the globe. The only businesses allowed to remain open in most parts of the United States were those considered “essential”. Not only did every Disney theme park have to close its gates, but the entertainment industry also shut down. That meant every Disney-owned movie and television show ...
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Disney Makes Historic Merger Move, Shaping Future Entertainment Landscape
In November 2022, Bob Iger stepped back into the role of CEO of The Walt Disney Company after Bob Chapek was unceremoniously fired. From the beginning, Iger was honest about the changes needed at Disney+. Disney+ launched in 2019, just months before the COVID-19 pandemic, and saw some initial success. However, the streaming service has struggled for several years and ...
Read More »Disney CEO Bob Iger Dumps Over 80% of His Company Shares
CEO Bob Iger has sold more than 80% of his stake in The Walt Disney Company, leading many to wonder what he knows about Disney’s future that the rest of us don’t. A Massive Enterprise With Numerous Offerings The Walt Disney Company operates a global entertainment enterprise consisting of theme parks and resorts, resort hotels, television, film, and video streaming ...
Read More »Disney Engages in Proxy Battle Against Nelson Peltz Over Stakeholder Dispute
Nelson Peltz, a prominent activist investor, made waves in the corporate world with his recent statements regarding the Walt Disney Company. Peltz, known for his strategic investments through Trian Fund Management, caught the attention of Disney’s executives, including former CEO Bob Iger and CFO Jay Rasulo, just days ago when he penned a Valentine’s Day letter to investors proposing that ...
Read More »Disney Movie President Abruptly Resigns Following Series of Major Setbacks
It is no secret that Disney has been having some real struggles at the box office since the pandemic. Despite creating movies that viewers really enjoy, like Elemental (2023) and Indiana Jones and the Dial of Destiny (2023), the company just can’t seem to get people to go to the theater. Despite the failure of The Marvels, Marvel has remained relatively steady ...
Read More »Dwayne ‘The Rock’ Johnson Set to Join Texas Rangers in Major League Baseball Venture
Former WWE Champion-turned-Hollywood actor Dwayne “The Rock” Johnson has announced he’s headed to Lone Star State after landing a new role with Major League Baseball’s Texas Rangers. Dwayne Johnson: The Midas Touch Inside and Out of the Ring In recent years, Dwayne “The Rock” Johnson has proven his abilities as a master of all trades, seeing success across a variety ...
Read More »Identifying the Culprit: Who’s Really Ruining Disney? Hint… It’s Not Disney Adults or Influencers
There has been much reporting on how “Disney Adults” or social media influencers are ruining the Disney experience, particularly at Walt Disney World Resort and Disneyland Resort. Related: Entitled Disney Adults are the Problem, Not Kids Although individuals in these groups may have caused problems over recent years, a much more troubling group is destroying the magic of the Disney ...
Read More »Disney Signals End of Physical Home Entertainment with Latest Announcements
Although the VCR was invented in 1956, it wasn’t until 1980 that Walt Disney Studios released its first at-home Disney movie. The first load of Disney physical media was released on October 1, 1980, with a cost ranging from $45 to $60 per VHS tape. However, since those original releases, Disney physical media releases have evolved from VHS tapes to ...
Read More »Closure Shock: Multi-Million-Dollar Magic Kingdom Attraction Shut Down Permanently for Being “Too Far”
Disney was forced to scrap and remove an entire Magic Kingdom experience after the attraction was deemed unsafe and inappropriate for guests of the four theme parks at the Walt Disney World Resort in Central Florida. Related: Imagineers Scrap Brand-New Attraction, Citing Unsolvable Problem For Guests Walt’s Inspiration for Building the Parks Throughout its 100-year-long history, The Walt Disney Company ...
Read More »Disney’s Magic Wanes: Plummets Near Bottom of American Companies to Work For
It’s no secret that 2023 was not a great year for the Walt Disney Company. From film flops to diminishing attendance at Walt Disney World to various lawsuits, Disney was happy to see the calendar turnover. However, one of the most overlooked aspects of Disney’s terrible year was the issues it had with its employees and cast members. But now, ...
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