The Walt Disney Company Articles and News Stories
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
Disney+ Honored by the American Council of the Blind for Their Audio Description Tracks
Disney+ has received an award from the American Council of the Blind (ACB) for their commitment to adding audio description tracks to original programming. The ACB, which works to increase the independence, security, equality of opportunity and quality of life for blind and visually impaired people, honored Disney+ with the 2020 Achievement Award in Audio … Disney+ Honored by the American Council of the Blind for Their Audio Description Tracks
Disney Employees Create Video Featuring Their Stories of Racial Inequality
Today, Disney shared a powerful video put together by a group of employees sharing their personal stories of racial inequality in our country. Disney says that the video highlights the “need for greater understanding, unity and action.” Disney continues: “We believe that Black lives matter and that this message is one that everyone should hear. … Disney Employees Create Video Featuring Their Stories of Racial Inequality
Disney Pledges $5 Million to Organizations That Advance Social Justice, Including the NAACP
The Walt Disney Company has announced a new $5 million commitment to help nonprofit organizations that advance social justice, with the first $2 million going to the NAACP to support their advocacy and education programs. Disney Chief Executive Officer Bob Chapek said of the pledge that “it is critical that we stand together, speak out … Disney Pledges $5 Million to Organizations That Advance Social Justice, Including the NAACP
Disney Executives Address ‘Time of Unrest’ in a Message to Cast Members
The Walt Disney Company issued a message to Cast Members today addressing the current unrest in the country. The letter was signed by Disney CEO Bob Chapek, Chairman Bob Iger, and Chief Diversity Officer Latondra Newton. Here is the message, “Resolve in a Time of Unrest: A Message to Fellow Employees,” in its entirety: Dear … Disney Executives Address ‘Time of Unrest’ in a Message to Cast Members
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