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Walt Disney Company

All articles tagged with #walt disney company

Disney hikes 2027 peak ticket prices while holding entry-level costs flat

Walt Disney Company raised prices for select theme park tickets and annual passes at Walt Disney World and Disneyland, effective October 6, 2026. Entry-level ticket prices remained unchanged at both resorts, but peak holiday dates and premium add-ons saw significant increases. Disney officials stated the strategy aims to balance revenue growth with accessibility for families during a period of cautious consumer spending.

via USA Today|

#business #consumer-spending #disney

business14 days ago•355 min saved

Disney’s 2026 Park Price Hikes Target Premium Services While Keeping Entry Tickets Flat

On October 6, 2026, Disney raised prices for select theme park tickets and services at Disneyland and Walt Disney World. The company maintained entry-level ticket prices at both resorts but increased costs for premium add-ons, annual passes, and peak-date admissions. This strategy aims to balance revenue growth with accessibility for families during a period of cautious consumer spending.

via CNN|

#business #consumer-spending #disneyland

business17 days ago•1 min saved

Disney Acquires Former Yamaha HQ in Cypress for $115M to Support Back-of-House Operations

Walt Disney Parks and Resorts U.S. Inc. purchased the 25-acre former Yamaha Motor Corp. USA headquarters in Cypress, California, for $115.29 million. The deal, which closed on Sept. 23, 2026, secures a major industrial and office complex just seven miles from the Disneyland Resort. Disney intends to use the site for non-guest-facing 'back-of-house' operations, such as laundry and costuming, rather than building a new theme park. Yamaha, which occupied the site since 1979, is relocating its U.S. headquarters to Kennesaw, Georgia, and will lease the property back from Disney through Dec. 31, 2028.

via New York Post|

#business #cypress-california #disneyland-resort

business1 month ago•12 min saved

Disney Excludes Working Spouses from Health Plans as 2027 Costs Spike

Walt Disney Company will no longer cover spouses or domestic partners in its health plans starting in 2027 if those individuals have access to coverage through their own employers. This move, part of a broader 'Total Rewards' benefits overhaul, affects approximately 200,000 U.S. employees and is driven by a projected 11.1 percent rise in healthcare costs. While children’s coverage and spousal dental/vision benefits remain unchanged, the policy creates immediate financial decisions for employees whose spouses may face inferior alternative coverage. Industry experts note this is an extreme measure compared to typical contribution reductions, though it aligns with a wider trend of major employers cutting benefits to manage surging costs in oncology and weight-loss medications.

via The Hollywood Reporter|

#business #corporate-policy #employee-benefits

entertainment1 month ago•14 min saved

Raquel Lee Files Negligence Suit Against Disney Over 2001 'Poof Point' Abuse Allegations

Former child actress Raquel Lee has filed a negligence lawsuit against the Walt Disney Company, alleging that a male employee sexually assaulted her multiple times while she was 14 years old filming the 2001 Disney Channel movie 'The Poof Point.' The complaint, filed in Los Angeles Superior Court, claims the studio failed to supervise the minor, ignored visible misconduct, and blamed Lee for her subsequent behavioral changes. Lee’s attorneys seek damages for emotional distress and economic losses, citing California laws that allow childhood abuse survivors to file claims later in life.

via Page Six|

#child-actor-safety #entertainment #raquel-lee

legal1 month ago•12 min saved

Former Child Star Raquel Lee Sues Disney Over Alleged 2001 On-Set Sexual Abuse

Former child actress Raquel Lee has filed a negligence lawsuit against the Walt Disney Company, alleging she was repeatedly sexually assaulted by an unnamed male employee during the 2001 production of The Poof Point. Lee, who was 14 at the time, claims the studio failed to protect her from a predator who was visible to cast and crew but ignored by adults. The suit seeks damages for emotional distress and economic loss, citing a pattern of misconduct at Disney. While Disney has not commented, Lee previously settled a similar claim in 2015 and continues to work with the studio on projects like The Proud Family.

via Deadline|

#child-actor-safety #legal #negligence-lawsuit

business2 months ago•11 min saved

D'Amaro's 'One Disney' Strategy: Integrating IP, Tech, and Parks Amid Stock Pressure

Walt Disney CEO Josh D'Amaro outlined a strategy to unify the company's diverse assets under a 'One Disney' model, prioritizing storytelling, technology integration, and theme park expansion. While he expressed confidence in the company's stability and IP strength, he acknowledged investor dissatisfaction with the stock price and rejected calls to spin off ESPN.

via Deadline|

#business #d23-expo #disney

business8 months ago•6 min saved

Disney selects Josh D’Amaro to lead post-Iger era

The Walt Disney Company named Josh D’Amaro, currently head of Disney Experiences, as its next CEO, replacing Bob Iger on March 18; Iger will stay as a senior advisor until retiring on December 31. Dana Walden will report to D’Amaro as president and chief creative officer, focusing on storytelling and the content engine. The board’s decision caps a multi-year succession process as Disney navigates growth in parks and streaming amid broader industry challenges.

via CNBC|

#bob-iger #business #ceo-succession

business2 years ago•1 min saved

"CalPERS and NYC Retirement Systems Support Peltz and Rasulo in Disney Board Battle"

The California Public Employees Retirement System (CalPERS) has voted to elect activist investor Nelson Peltz and Jay Rasulo to the board of Walt Disney Company, joining other advisory firms in backing the candidates. The vote comes ahead of Disney’s annual shareholders meeting, where a showdown is set to take place over two board seats. Peltz, founder of Trian Partners, and Disney CEO Bob Iger have been at the center of a tense proxy fight, with Peltz arguing that Disney’s business is in decline under Iger, while Iger has been trying to convince shareholders not to vote for the investment firm’s candidates.

via Hollywood Reporter|

#boardroom-battle #business #calpers

businesspolitics2 years ago•4 min saved

"Disney and Florida Governor DeSantis Reach Settlement in Longstanding Legal Dispute"

The Walt Disney Company and Florida Gov. Ron DeSantis have settled their yearlong legal dispute over the Central Florida Tourism Oversight District, ending a battle that began when DeSantis revoked Disney's self-governing status. The settlement nullifies a last-minute agreement giving Disney control over development decisions, and paves the way for collaboration on updating the district's comprehensive plan. The resolution, which includes new board appointments, signals a willingness to work together and allows Disney to proceed with its $30 billion theme park upgrade plans.

via NPR|

#businesspolitics #florida #legal-dispute

business2 years ago•3 min saved

"Disney CEO Bob Iger's Battle Against Activist Investors"

The Walt Disney Company has released a video featuring iconic characters to educate shareholders on an upcoming board of directors election, prompted by activist investors seeking management changes and enhanced shareholder value. Nelson Peltz's Trian Fund Management wants a succession plan for CEO Bob Iger and cost reductions, while Blackwells Capital suggests breaking up parts of Disney's business and adding media experience to the board. The current board is favored to win, with the vote deadline set for April 2, 2024.

via Cartoon Brew|

#activist-investors #board-of-directors #business

politics3 years ago•3 min saved

Florida State Investigates Former RCID and Links Flesh-Eating Bacteria to 5 Deaths

Allies of Florida Governor Ron DeSantis, including his recently appointed Central Florida Tourism Oversight District, have filed a complaint accusing the previous Disney oversight board of providing "unethical benefits and perks" to its members and employees, costing taxpayers millions of dollars. The battle for control over the district containing Disney's theme parks has intensified, with tensions between DeSantis and Disney escalating. Disney, which contributes the largest share of tax revenue to the district, has been critical of DeSantis' policies, leading to lawsuits and ongoing conflict between the two parties.

via CNN|

#battle-for-control #central-florida-tourism-oversight-district #perks-and-discounts

business3 years ago•2 min saved

"Stock Market Movers: Delta, PepsiCo, and More Pre-market Highlights"

Delta Air Lines saw a 4% jump in premarket trading after reporting its highest-ever quarterly earnings and revenue, along with raising its 2023 earnings forecast. Furniture company MillerKnoll fell over 5% despite beating earnings expectations. PepsiCo rose 2% after beating earnings and revenue expectations and raising its full-year outlook. Walt Disney Company's shares increased by 1.5% following the extension of CEO Bob Iger's contract through 2026. ViaSat's stock tumbled over 22% after disclosing an issue with its recently launched communications satellite.

via CNBC|

#business #delta-air-lines #millerknoll

politics3 years ago•2 min saved

DeSantis takes on Disney in ongoing feud.

Florida Governor Ron DeSantis boasted about stripping Walt Disney Company's self-governing power after it opposed the state's "Don't Say Gay" law. DeSantis signed a bill into law that gives a new board he controls the power to oversee development in the 25,000 acres surrounding Walt Disney World in Orlando, effectively wresting control from the company and handing it to the governor. Disney has filed a lawsuit against the state, claiming their First Amendment rights were violated by DeSantis' move. DeSantis also took a jab at New York State during his speech, claiming it wastes millions of dollars by imposing an income tax.

via New York Post |

#florida #lgbtq #new-york-state

business3 years ago•1 min saved

Disney's Cost Cutting Measures Lead to Massive Layoffs Across Multiple Divisions

ESPN has begun informing employees of layoffs as part of the Walt Disney Company's plan to reduce 7,000 jobs. ESPN President Jimmy Pitaro said the cuts are necessary to make the company more efficient and nimble. The first phase of cuts will impact off-air employees, with another round of job cuts to take place by the start of summer. On-air talent will also be affected by cuts via contracts not being renewed, buyouts or cuts.

via NPR|

#business #efficiency #espn