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Disney announces it takes $1 Billion Hit in its Fiscal 2nd Quarter related to licensing

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During The Walt Disney Company‘s fiscal second-quarter earnings call last week, the company revealed its success in streaming subscriptions to Disney+, but Mickey missed the mark in at least one area, thanks to a more than $1 billion loss related to an early termination of licensing agreements. The earnings call, in which Disney CEO Bob Chapek and Disney CFO Christine McCarthy ...

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The Walt Disney Company plans to stay in Florida until 2024 and beyond

disney world florida

To say that there exists unrest between Florida Republicans and Disney would be a vast understatement, but it isn’t having the effect on Disney that many thought it might. RELATED: The Disney-DeSantis debacle is a raging dumpster fire, and the stench is horrific Earlier this year, Florida’s Parental Rights in Education bill began to gain traction in the state legislature, ...

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Johnny Depp could reprise his famed role as Captain Jack Sparrow in Disney’s “Pirates” franchise

Johnny Depp Pirates of the Caribbean

When the word “exhausted” comes to mind, so does the visage of Johnny Depp seated in a Fairfax County court in Virginia, drowning in a sea of rumors, insinuations, tabloid headlines, and the unrelenting cacophony of an ex-wife scorned because she failed at usurping control over another human being. That 58-year-old man must literally be one of the most exhausted ...

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Josh Hawley’s Attempt to Strip Disney’s Copyright Is “Blatantly Unconstitutional”

Josh Hawley Mickey Mouse

On Tuesday, May 10, Josh Hawley — a Republican Senator from Missouri — introduced a bill aimed at Disney that would strip the mega-corporation of its copyright protections. The bill is called the Copyright Clause Restoration Act and would limit copyright protections to a maximum of 56 years. Currently, copyright law protects works for the life of the artist plus ...

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Earnings Report: No matter how much they complain about price hikes, Disney Parks Guests keep visiting and keep spending

bob chapek disney castles dollar bills

For all the grumbling in the atmosphere from Disney Parks fans who have had their fill with The Walt Disney Company‘s affinity for price hikes at each theme park, Guests sure are spending more while on their Disney vacations. During The Walt Disney Company‘s Fiscal Year 2022 Quarter 2 earnings call on Wednesday, Disney CEO Bob Chapek and Disney CFO ...

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Disney Stock Continues to Decline, Eliminating 5 Years of Gains

Disney Stock

On May 11, The Walt Disney Company held its Second Quarter Earnings Call and, overall, the numbers reported were incredibly good. Disney’s personal streaming service Disney+ saw a growth of 7.9 million subscribers — which exceeded the estimates of Wall Street. Hulu and ESPN+ also saw growth, which was positive. Disney Parks saw revenue of over 6 billion — which ...

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Disney announces it’s working to “control attendance” in parks, to ensure a “quality Guest experience”

crowds at disney world magic kingdom

During today’s earnings call, Disney executives shared their efforts to “control attendance” at Disney Parks to ensure a “quality Guest experience.” The Walt Disney Company held its quarterly earnings call today, this time to discuss the company’s financial picture from January 1 through April 2, 2022–the first quarter of the calendar year but Disney’s 2nd quarter of the fiscal year ...

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