Category: Walt Disney Company

Disney’s Iger Returns to Familiar Stage, but With Different Challenges

The New York Times – Travel:
The company reports quarterly earnings on Wednesday, and Wall Street is expecting it to lay out a new streaming strategy and operating structure.
Disney World Workers Reject Contract Offer

The New York Times – Business:
Unions that represent about 32,000 full-time workers said the vote was overwhelmingly against the proposal, which have raised pay by at least $1 an hour per year.
ABC Co-Anchors Are Poised to Leave Network After Tabloid Scandal

The New York Times – Business:
T.J. Holmes and Amy Robach, who co-hosted “GMA3,” were both married when they began a romantic relationship.
Disney’s Splash Mountain Closed. Now Superfans Are Selling the Water.

The New York Times – Travel:
Jars and bags of what sellers claim is water from the popular Florida attraction are being offered for sale online. The odd farewell comes as Disney takes steps to erase the ride’s racist back story.
Disney Says Investor Seeking Board Seat ‘Does Not Understand’ Company

The New York Times – Business:
In a security filing, Disney was harshly critical of Nelson Peltz, saying he had “no strategy, no operating initiatives, no new ideas and no plan.”
Disney Prepares for a Board Fight by Nelson Peltz

The New York Times – Business:
After months of talks, the activist investor Nelson Peltz is jockeying for a director position at the entertainment giant as he pushes for a series of changes.
Disney Pushes Back Against Nelson Peltz’s Quest for Board Seat

The New York Times – Business:
Nelson Peltz wants the company to revamp its streaming business and focus on increasing profits. Disney wants shareholders to vote against his effort to get a seat on the board.
Disney Revises Pricing Policies at Its Parks

The New York Times – Travel:
Ticket prices won’t exactly be less, but the cost of some activities and perks will be adjusted, after complaints about the cost of visits.
SEC Fines Steve Easterbrook, McDonald’s Ex-CEO

The New York Times – Business:
The Securities and Exchange Commission fined Steve Easterbrook for lack of disclosure about the circumstances behind his firing in 2019.
Disney Is Bringing Employees Back Four Days a Week

The New York Times – Business:
The C.E.O., Robert A. Iger, said in a memo that he thought the move would benefit the company’s culture and creativity.
Early Version of Disney’s Mickey Mouse Will Soon Be Public Property

The New York Times – Movies:
The version of the iconic character from “Steamboat Willie” will enter the public domain in 2024. But those trying to take advantage could end up in a legal mousetrap.
Streaming’s Golden Age Is Suddenly Dimming

The New York Times – Business:
After years of breakneck growth, the number of scripted TV series orders made by networks and streamers is in decline.