A new press release contains a potentially intriguing roadmap for The Walt Disney Company’s future.
Today, Disney announced a reorganization within the company – mostly boring stuff about who reports to whom. But amid all of the financial buzzwords and internal mumbo jumbo about new entertainment groups within the corporate hierarchy, one line stuck out: “Under the new structure, the Company’s three content groups will be responsible and accountable for producing and delivering content for theatrical, linear and streaming, with the primary focus being the Company’s streaming services.”
This is the first time Disney has used such strong language in a press release to address its focus on streaming, but what might this shift really mean?
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The coronavirus pandemic, which sadly does not appear to be ending any time soon, has inspired a new wave of layoffs at The Walt Disney Company, the time affecting approximately 28,000 cast members in the Parks, Experiences and Products sectors of the company. Disney Parks chairman Josh D’Amaro made the announcement in a tweet this afternoon, which you can read below.
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July 17 isn’t just the day Christopher Nolan’s Tenet is expected to open and hopefully save American movie theaters from extinction. That date also marks the 65th anniversary of California’s Disneyland, the world’s first major theme park, and The Walt Disney Company isn’t going to let the coronavirus pandemic stop the celebration.
Disney has announced that Disneyland and California Adventure will reopen on July 17, 2020, which is just a few days after Walt Disney World will open its gates in Florida. Get the details about the Disneyland reopening below.
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Joining several other major Hollywood companies and productions in taking a stand for social justice, The Walt Disney Company has announced that it will be donating $5 million to nonprofit organizations that advance social justice causes – starting with a $2 million donation to the NAACP. But is that enough? Read More »
The Walt Disney Company is currently hosting its second quarter earnings call, and new CEO Bob Chapek just confirmed a rumor about the Shanghai Disneyland reopening date. The park will open this Monday, May 11, 2020, becoming the first Disney park to reopen in the face of the global coronavirus pandemic. But things won’t be business as usual when the gates reopen. Read More »
Update: According to The Hollywood Reporter, furloughs have hit the Walt Disney Studios. Disney previously said it would be paying its employees through April 18, so it appears these furlough notices (which impact an undermined number of people) will go into effect on April 19, 2020. Our original article from April 3 continues below.
As the coronavirus (COVID-19) pandemic brings the entertainment industry to a complete standstill, the Walt Disney Company will begin furloughing employees “whose jobs aren’t necessary at this time” this month. The affected staffers will still receive “full health care benefits, plus the cost of employee and company premiums will be paid by Disney,” the company said.
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Even though The Walt Disney Company is laying off construction workers and keeping its theme parks closed in the short term due to the coronavirus crisis, the Mouse House is still playing the long game when it comes to the theme park business. A new report says that an entity related to Disney has bought more than two dozen acres of land near the western edge of the Magic Kingdom for a little over one million dollars. But what exactly will the company use its new land for? Read More »
Update 2: Disney has announced that their theme parks “will remain closed until further notice.” You can read the full statement below:
While there is still much uncertainty with respect to the impacts of COVD-19, the safety and well-being of our guests and employees remains The Walt Disney Company’s top priority.
As a result of this unprecedented pandemic and in line with direction provided by health experts and government officials, Disneyland Resort and Walt Disney World Resort will remain closed until further notice.
The Walt Disney Company has been paying its cast members since the closure of the parks, and in light of this ongoing and increasingly complex crisis, we have made the decision to extend paying hourly parks and resorts cast members through April 18.
Update: Hours after Disneyland announced its closures due to the coronavirus, Disney has announced (via WDWMagic) that Disneyland Paris and Florida’s Walt Disney World theme park are closing their doors from March 15 until April 1, 2020.
In an abundance of caution and in the best interest of our guests and employees, we are proceeding with the closure of our theme parks at Walt Disney World Resort in Florida and Disneyland Paris Resort, beginning at the close of business on Sunday, March 15, through the end of the month.
Disney Cruise Line will suspend all new departures beginning Saturday, March 14, through the end of the month.
The Walt Disney Company will pay its cast members during that closure period. The hotels at both Walt Disney World and Disneyland Paris will remain open until further notice. The retail and dining complexes, Disney Springs at Walt Disney World and Disney Village at Disneyland Paris, will remain open.
Our original article follows.
For just the fourth time in history, Disneyland will fully suspend its operations. The closures, which also apply to the neighboring Disney California Adventure park, will begin the morning of March 14 and last for the rest of the month, due to concerns over the spread of the coronavirus. But it seems as if Knott’s Berry Farm is staying open for business…at least for now. Read More »
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Posted on Wednesday, February 26th, 2020 by Ben Pearson
Yesterday, Bob Iger stepped down as the CEO of The Walt Disney Company, handing the reins to Disney parks chief Bob Chapek. The news came as a huge surprise to Hollywood, industry analysts, and even a major player within the Disney company, and in the wake of the big announcement, some questions linger about the future of the company’s streaming platforms.
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In a fast-paced world in which trends emerge and disappear within the blink of an eye, Disney’s decision to not produce Baby Yoda merchandise ahead of The Mandalorian‘s release was something of a gamble for the studio. Sure, they preserved a surprise reveal at the end of the first episode. But they also created an opportunity for independent sellers to fulfill the public’s clamoring for all things Baby Yoda until more official merchandise could be mass-produced.
A new report says Disney is now targeting popular Etsy shops and sending takedown notices for Baby Yoda-related items. Read More »