Author Archives: Krysten Swensen

Investment Company Takes Stake in Disney, Says Disney “Significantly Underearns” and Calls for Cost Cuts

Walt Disney Co Bob Chapek Daniel Loeb

On August 10, The Walt Disney Company held its Third Quarter Earnings Call. During that call, Disney CEO Bob Chapek revealed that the company had made $21.5 billion in revenue, surpassing Wall Street expectations. Chapek also shared that the company expected to do just as well, or better, next quarter. He also shared that theme park Guests were spending 40% ...

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Disney Issuing Refunds For Pre-Ordered MagicBand+ That Will Not Arrive in Time For Guests’ Vacations

Disney World MagicBand Plus

On July 27, The Walt Disney Company launched its highly anticipated MagicBand+ at the Walt Disney World Resort. The new MagicBand+ has all the features of a traditional MagicBand, with some significant changes. The biggest feature that the MagicBand+ feature has is that it is rechargeable. Old MagicBands only have a battery life of about two years, but this new ...

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ABC to Celebrate 25th Anniversary of Brandy’s ‘Cinderella’ With Reunion Special

Brandy Cinderella

It’s hard to believe, but it has been 25 years since we first heard superstar Whitney Houston belt out the lyrics to the song “Impossible”. It has been 25 years since singerer Brandy portrayed one of the most legendary princesses ever, Cinderella. Rodger’s and Hammerstein’s Cinderella also starred Whoopie Goldberg and Victor Garber as the Queen and King. Paolo Montalban ...

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Bob Chapek Debuts New Look at He Discusses Disney’s Positive Third Quarter

Bob Chapek

On August 10, The Walt Disney Company held its Third Quarter Earnings Call and, overall, the news was incredibly positive. Disney surpassed Wall Street expectations, making $21.5 billion in revenue when expectations were only about $21 billion. Disney was also pleased with its Disney+ streaming numbers and said that they plan to have the platform profitable by 2024. Although there ...

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Disney Shares Jump After Positive Earnings Call

Bob Chapek Disney Shares

On August 10, The Walt Disney Company held its third-quarter earnings call. Overall, the call was very positive — with Disney announcing profits in a number of areas, especially in the theme parks. Disney also shared that it now has Disney+ operating in more than 150 markets and expects the streaming platform to see a profit by 2024. While they ...

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