The Walt Disney Company Articles and News Stories
Disney Could See $570 Million in Tax Breaks for Lake Nona Campus
According to the Orlando Sentinel’s Austin Fuller, Disney, due to its recently announced move of 2,000 Disney Parks, Experiences and Products cast members, is eligible to receive more than half a billion dollars in tax breaks from the state of Florida. Disney’s application states that the “Taxpayer intends to establish a regional campus that will … Disney Could See $570 Million in Tax Breaks for Lake Nona Campus
Disney and Sony Pictures Announce Licensing Agreement
The Walt Disney Company and Sony Pictures Entertainment announced a multi-year content licensing agreement for U.S. streaming and TV rights to Sony Pictures’ new theatrical releases across Disney Media & Entertainment Distribution’s vast portfolio of platforms, including its streaming services Disney+ and Hulu, as well as linear entertainment networks including ABC, Disney Channels, Freeform, FX … Disney and Sony Pictures Announce Licensing Agreement
New Exhibit Coming to Philadelphia for Disney’s 100th Anniversary in 2023
In celebration of the 100th anniversary of The Walt Disney Company, D23 has announced that SC Exhibitions has begun production on a display that will showcase the company’s history and rich legacy. The exhibition is set to premiere at The Franklin Institute in Philadelphia in February of 2023. Hundreds of The Walt Disney Archives’ extensive … New Exhibit Coming to Philadelphia for Disney’s 100th Anniversary in 2023
Key Takeaways from Disney’s First Quarter Earnings Call
Today, The Walt Disney Company reported earnings for its first fiscal quarter (ending January 2nd, 2021), and that the most notable impact on operating income was an estimated loss of approximately $2.6 billion. It was noted that the results from the quarter were greatly impacted by COVID-19, with the greatest impact stemming from the Disney … Key Takeaways from Disney’s First Quarter Earnings Call
Disney Could Be Considering Moving Some Corporate Divisions to Florida
UPDATE 2/12/21: Jimmy Patronis, Chief Financial Officer of Florida, commented during an interview this week on Fox & Friends First that Florida would welcome the relocation of some of the Disney entities to the state. Patronis stated, “Disney already has a proven track record here. We just like to allow them to grow and expand … Disney Could Be Considering Moving Some Corporate Divisions to Florida
Disney Parks Capacity Increase & Other Key Takeaways from Q4 Earnings Call
Thursday afternoon, The Walt Disney Company released its earnings report for the 4th fiscal quarter of 2020 (ending October 3, 2020), showing revenue down 23% and income down 82% over last year for the quarter. Diluted earnings per share decreased 65%. Below are some of the most important items to note from the call. You … Disney Parks Capacity Increase & Other Key Takeaways from Q4 Earnings Call
US Senator Questions Iger and Chapek About Executive Salaries
Back on the 13th of October, United States Senator Elizabeth Warren sent a letter addressed to both Executive Chairman and Chairman of the Board, Robert Iger and Chief Executive Officer, Bob Chapek. In the letter, Warren expressed her concerns regarding the company’s decision to lay off 28,000 of its cast members during an economic recession … US Senator Questions Iger and Chapek About Executive Salaries
Disney Executive Temporary Pay Cuts May Be Coming to an End
According to documents obtained by Deadline, temporary salary reductions for executives at The Walt Disney Company are ending on August 23rd. The reductions went into effect on April 5th as a cost cutting measure in the early weeks of the COVID-19 pandemic. The cuts ranged from 20% for Vice Presidents, up to 50% for CEO … Disney Executive Temporary Pay Cuts May Be Coming to an End
The Walt Disney Company 3rd Quarter Earnings Report Shows Revenue Down 42%, Parks Income Down $3.5 Billion
Tuesday afternoon, The Walt Disney Company released their earnings report for the 3rd fiscal quarter of 2020 (ending June 30, 2020), showing revenue down 42% and income down 72% over last year for the quarter. Diluted earnings per share decreased 94%. Chief Executive Officer Bob Chapek said in a written statement: Despite the ongoing challenges … The Walt Disney Company 3rd Quarter Earnings Report Shows Revenue Down 42%, Parks Income Down $3.5 Billion
Former Disneyland President Michael Colglazier Leaving Disney to Head Virgin Galactic
Michael Colglazier, who was President of the Disneyland Resort from 2013 to 2018, is leaving Disney to become the Chief Executive Officer of Virgin Galactic. Colglazier was most recently the President and Managing Director of Disney Parks International, overseeing Disneyland Paris, Hong Kong Disneyland, Shanghai Disney Resort, and Tokyo Disneyland. Jill Estorino is set to … Former Disneyland President Michael Colglazier Leaving Disney to Head Virgin Galactic
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