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Disney is hemorrhaging money daily due to the shutdown. Now it would appear that several announced projects are either canned or postponed indefinitely, including a Mary Poppins ride, a refurbishment of Spaceship Earth and more. What's NOT being cut? The Splash Mountain re-theme to The Princess and the Frog.
Disney is delaying the release of "Mulan" indefinitely and pushing the release of the next Star Wars and Avatar films back at least a year. This didn't do their stock any favors, as Disney stock dropped in after market trading. Disney was banking on movies making a comeback to give them a much needed influx of cash. Oh, and Disneyland isn't opening anytime soon. Oh, and there's talk of them shutting down Walt Disney World again. Sooooo... yeah. Dismal Disney indeed.
Why have two high profile Disney Plus executives jumped ship in the past couple of months? First Kevin Mayer went to TikTok (good luck with that) and now Agnes Chu is going to Conde Nast. Is there more behind the scenes drama at Disney than we're aware of? Or are they afraid of the rumored PURGE that's coming as the Mouse House possibly faces its worst quarter ever? And what's up with the TikTok ban?
Walt Disney World is getting CROWDED again. Forget those videos of people walking right on to Flight of Passage. Those days are OVER. Why is Disney allowing so many people into the parks during a pandemic? We talk about how frustrated we were with the Disney crowds and (lack of) social distancing protocols during our trip last week, and speculate that The Mouse is packing in as many people as they legally can to recoup its MASSIVE financial losses in 2020. Then we compare Disney World's protocols to Universal Orlando's.
The Walt Disney Company might be in WORSE financial shape than even we thought, with an insider claiming that "the vultures will be hovering" after their November Q4 earnings call. How long can Disney realistically hold out with Walt Disney World and Disney Plus essentially bankrolling the rest of the company? What king of "Disney Magic" will the company spin to keep the investors at bay? Could a tech giant like Apple or Microsoft bail The Mouse House out? Will we see more layoffs at companies like Lucasfilm and Marvel Comics?
Disney is "refocusing" its divisions to better focus on Disney Plus. At least, that's the positive spin they're giving investors. In reality, they're going to CHOP because the Walt Disney Company is in DIRE financial straits. It sounds "magical" because Disney is very practiced at smoke and mirrors. The truth is, Mickey is hurting like he's never hurt before...
Disney -- in an effort to save its own neck -- has announced that it's reorganizing the company to focus more on streaming. They're seemingly abandoning movie theaters, and exhibitors are NOT happy about it. Pixar's Soul is coming to Disney Plus and skipping theaters altogether. Meanwhile, Disney and other studios choose to SQUAT on other new releases while Hollywood and movie critics blame the federal government for the state of movie theaters.
Disney abandonne le cinéma pour le streaming, transformant de facto Disney+ en un concurrent sérieux de Netflix.
On l’annonçait dès la sortie de Mulan sur la plateforme du studio au détriment des salles, une révolution profonde secoue Hollywood, qu’est venue confirmer le retrait de Soul (avant celui de Black Widow ?). C’est désormais officiel, le 7e Art traverse un bouleversement sans précédent, dont on va essayer de vous donner quelques clefs.