TWDC Articles and News Stories
DeSantis Requests Post-Election Court Date in Disney Lawsuit
Late Tuesday evening, a 19-page document was filed outlining a planning meeting that includes the court schedule and proposed trial dates from both the Plaintiff and the Defendants in the Disney vs. DeSantis lawsuit. Disney requested a July 2024 court date, while Florida Governor Ron DeSantis’ counsel is asking for the trial to begin in … DeSantis Requests Post-Election Court Date in Disney Lawsuit
Disney Prevails in Shareholder Lawsuit Over DeSantis
On Tuesday, The Walt Disney Company had a favorable outcome from a lawsuit that was lodged against the company by shareholder Kenneth Simeone, alleging negligence on Disney’s behalf in its criticism of Florida’s legislation regarding a sexual identity law. While Judge Lori Will agreed that the move might have been in poor business judgment, however, … Disney Prevails in Shareholder Lawsuit Over DeSantis
Christine McCarthy Steps Down as Walt Disney Co. CFO
The Walt Disney Company’s 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 absence, according to a press release sent out on Thursday afternoon. Veteran Disney executive Kevin Lansberry, Executive Vice President and Chief Financial Officer of Disney Parks, … Christine McCarthy Steps Down as Walt Disney Co. CFO
Hearing Date Set for Oversight District vs. Disney Lawsuit
During a meeting last week, a court hearing date of July 2, 2023, was set for the Central Florida Tourism Oversight District vs. Disney lawsuit. According to the meeting notes, the hearing will begin at 2:00 pm Eastern and is set to last no longer than an hour. Honorable Margaret H. Schreiber is presiding. On … Hearing Date Set for Oversight District vs. Disney Lawsuit
Disney to Incur $1.5 Billion Impairment Charge for Removal of Disney Plus Content
Last month, Disney removed dozens of movies and shows from Disney+ and Hulu. According to an SEC filing Friday afternoon, The Walt Disney Company will incur a $1.5 billion impairment charge in its fiscal Q3 “financial statements to adjust the carrying value of these content assets to fair value.” Disney said they continue to review … Disney to Incur $1.5 Billion Impairment Charge for Removal of Disney Plus Content
DeSantis Appoints New Member to His Oversight District
Earlier this week, we shared the news that Michael Sasso resigned as 1 of 5 Central Florida Tourism Oversight District Board of Supervisors. The news was announced Thursday afternoon that Governor Ron DeSantis appointed Charbel Barakat to step into his Sasso’s place, which is subject to confirmation by the Florida Senate. Governor Ron DeSantis also … DeSantis Appoints New Member to His Oversight District
Disney Closes the Book on 7000-Person Workforce Reduction
It’s been reported that the infamous 7000 job cut that Disney announced earlier this year has now been completed. Entertainment news outlet Variety has published an article stating that the last of the layoffs were handed out last Friday, ahead of Memorial Day weekend, saying that the “company still has plans to eliminate more roles … Disney Closes the Book on 7000-Person Workforce Reduction
Disney Chairman Josh D’Amaro Comments on Starcruiser Closure & More During JP Morgan Conference
Josh D’Amaro, Chairman, Disney Parks, Experiences and Products, The Walt Disney Company, participated in a question-and-answer session at the JP Morgan Global Technology, Media & Communications Conference on Monday. During the conference, Josh addressed several topics that are of high interest currently. When asked if the political drama going on in Florida has impacted the … Disney Chairman Josh D’Amaro Comments on Starcruiser Closure & More During JP Morgan Conference
Disney Officially Cancels Lake Nona, FL Relocation Project
UPDATE: Florida Governor Ron DeSantis’ office has responded to the Lake Nona project cancellation as well with the following statement: Disney announced the possibility of a Lake Nona campus nearly two years ago. Nothing ever came of the project, and the state was unsure whether it would come to fruition. Given the company’s financial straits, … Disney Officially Cancels Lake Nona, FL Relocation Project
Disney Parks, Experiences, and Products Revenues for Q2 Are Up
Disney stated that results at the domestic parks and resorts were slightly unfavorable to the prior-year quarter. The Q2 results show that revenues are up 17%.
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