Kevin Mayer, the head of direct-to-consumer and international division for The Walt Disney Company, is leaving the company to become CEO of TikTok. He played a pivotal role in the launch and growth of the Disney+ streaming service. He will also become chief operating officer of TikTok parent, giant Chinese tech group ByteDance. The decision... Continue Reading →
The U.S. Disney Parks are under new leadership. CEO Bob Chapek has announced a change in leadership for the company, his first shift since he was promoted back in February. Those changes mean new presidents at Disneyland and Walt Disney World. Ken Potrock, who had served as President of Consumer Products, is replacing Rebecca Campbell... Continue Reading →
CEO Bob Chapek has announced a major change in leadership for Disney Parks, Experiences and Products. Josh D’Amaro has been promoted from Walt Disney World President to Chairman of Disney Parks, Experiences and Products. Rebecca Campbell has been promoted from Disneyland President to Chairman of Direct-to-Consumer and International. Both D’Amaro and Campbell will report to... Continue Reading →
CEO Bob Chapek has just announced a new Disney Parks, Experiences and Products leadership team that will be led by Josh D’Amaro, who has been named Chairman, Disney Parks, Experiences and Products. “I’m incredibly proud of the new leadership team at Parks, beginning with the segment’s Chairman, longtime Disney veteran Josh D’Amaro, and his newly... Continue Reading →
Florida Governor Ron DeSantis briefly mentioned the current state of theme parks during a Friday afternoon press conference-- saying companies can now submit their plans for reopening to state officials. Governor DeSantis says plans should include safety procedures and protections for employees, a reopening date, and how they will accommodate guests. You can watch the... Continue Reading →
The Walt Disney Co. has raised nearly $11 billion in a new debt offering as it continues to deal with the impact of the coronavirus pandemic. In a Tuesday regulatory filing, the company disclosed details of its latest return to the debt market via a senior unsecured notes offering. The offering, expected to secure proceeds... Continue Reading →
Disney CEO Bob Chapek says it’s ensuring to see Shanghai Disney Resort open its gates. He sat down for an exclusive interview with CNBC hours after the grand reopening. Shanghai Disney Resort is the first Disney park to reopen in wake of the coronavirus outbreak. Chapek discusses a number of things, including safety precautions, limiting... Continue Reading →
While the performance season at Orlando Ballet is temporarily suspended, staff in the wardrobe department are still hard at work. The team has been helping the Central Florida community by sewing much-needed non-medical, non-industrial-grade face coverings for local healthcare workers. To lend a helping hand to Orlando Ballet to continue their efforts, Walt Disney World... Continue Reading →
The Walt Disney Company is looking to keep its finances on track as it weathers the coronavirus storm. Since the theme parks closed in early March, the company has lost roughly $1.6 billion. As a way to counter the lost funds, Disney is suspending its dividend payout for the first half of the fiscal year.... Continue Reading →
Disney executives gave a glimpse at what’s going into consideration when discussing to resume operations post-coronavirus pandemic. Bob Iger and Bob Chapek outlined future plans for the company as they look to get back on track during a Q2 2020 earnings call. The pandemic’s impact was especially pronounced in its Parks, Experiences and Products segment.... Continue Reading →
