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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.
Dismal Disney news indeed! Disneyland will not be allowed to reopen until Orange County is in the "Yellow" Tier... which could take well into NEXT YEAR. This is NOT the news Disney wanted to hear from California Governor Newsom, as Disneyland being closed is costing Anaheim MILLIONS of dollars per day.
Disneyland's President, the Mayor of Anaheim and the head of Universal Studios Hollywood all have some VERY harsh words for Newsom
Disney has just chopped nearly all of its live entertainers in Walt Disney World. Shows affected include Citizens of Hollywood, Hoop-Dee-Doo Musical Review, The Festival of the Lion King, Monsters Inc. Laugh Floor, Finding Nemo-The Musical, and many more. Just HOW bad is Disney's financial state to let go hundreds of performers who really gave the park that "Disney difference?" How much WORSE will it get for Disney before things go back to being mostly normal? How bad is Disney's Q4 earnings call going to be?
Disney is closing down Disneyland Paris again as France goes into lockdown. This, on top of Disneyland in California being closed indefinitely, is making people worried about Walt Disney World being forced to close again. Disney CEO Bob Chapek gives a typical non-answer to Elizabeth Warren about the treatment of their employees and Universal could face more layoffs as Comcast takes a h
There's a rumor that Disney might be offering another two free months of Disney Plus via a Fortnite promotion. We talk about Disney pivoting from movies and theme parks to, evidently, going ALL IN on streaming. Will it pay off for them? Meanwhile, Disney is being accused of helping to kill off movie theaters by holding out on releasing movies in any capacity to theaters.
Disney is reportedly laying off thousands more employees beyond the original 28,000 and may also cut back on medical and other perks. The now Dismal Mouse House cut loose Joe Rohde, one of their all time great Imagineers, and is looking at cutting back in movies and television production as well. Next year, Mickey is reportedly rolling out an 18+ version of Disney+ to max out revenue. Oh boy...
Disney and Hulu execs are jumping ship for Disney+ competitors like Discovery+. Is Disney getting ready to MERGE Hulu and Disney+, and execs getting out while the getting is good? Then we talk about ESPN scraping the absolute bottom of the barrel for content during the pandemic. The latest is... dog shows. Yes, dog shows.
Disney is headed for a CRASH, not a gradual decline, according to Disney family heiress Abigail Disney. She claims the company needs "saved from itself" and that the company no longer creates new things, but acquires other people's IP (Lucasfilm, Marvel, Pixar) per Bob Iger. And then there's how they treat their employees during the pandemic... laying them off by the thousands as senior Disney execs gets tens of millions in bonuses. OUCH!
Disney is seems to be pausing construction on the upcoming TRON coaster and Guardians of the Galaxy attraction in Walt Disney World. But for how long? Does this halt on the construction of these two anticipated rides indicate that Disney is in more dire financial straits than they're letting on? What does this mean for the 50th Anniversary celebration in October?
Walt Disney World isn't as magical as it used to be, according to a new article making the rounds. Citing massive price hikes, cutting back on experiences and terrible treatment of their employees during the pandemic, the author says Disney may NEVER return to its former glory pre-pandemic. Meanwhile, Disney is cutting the complimentary Magical Express and extra magic hours. No, they haven't dropped the price.
Disney's biggest fans -- Disney World and Disneyland bloggers, YouTubers and social media influencers -- are beginning to turn on Disney. Many are speculating that the "Disney Bubble" has officially burst and that it could be YEARS after the pandemic until the Parks are back to pre-pandemic levels. With Disney cutting APs in Disneyland (and likely Disney World as well) will the "superfans" stick around? Even popular Disney YouTubers like Disney Dan and Rob Plays are questioning some of Disney's recent decisions regarding the Parks and Cast Member layoffs...
The Walt Disney Company has been sued by SEC whistleblower Sandra Kuba, a former Disney accountant who alleges that the company fired her in 2017 after drawing attention to some "accounting errors" with their theme parks? Will Mickey get off the hook, or will the SEC find Disney guilty of cooking the books?
Is Disneyland just for the PRIVILEGED now? After ditching Annual Passes, many "commoners" can no longer afford to attend the Disney theme parks. Does Disney care? Honestly, no they do not. As long as Disney can keep bleeding the diehards with regular price increases, they really don't care if you can afford to take your kids. Will consumers revolt? And what will the "Disney Influencers" do without their APs?