If the feud between Disney and Florida Gov. Ron DeSantis was going to be escalated yet again, parks chief Josh D’Amaro didn’t seem like he would be the one to do it.
10.05.2023 - 21:17 / deadline.com
Disney Parks & Experiences generated the bulk of parent profits and about a third of total revenue last quarter with a noteworthy swing in international from Hong Kong to Shanghai to Paris.
Total sales at the divison called Disney Parks, Experiences and Products jumped 17% to $7.8 billion, the company said in its latest financials. Operating income rose 23% to $2.2 billion for Disney’s fiscal Q2. Internationally, parks swung to $156 million in operating income from a $268-million loss the year earlier, and revenue more than doubled to $1.2 billion from $574 million.
International parks means Shanghai Disney, Disneyland Paris and Hong Kong Disneyland, which all saw attendance up and spending rise due in part to higher ticket prices but also to food, beverage and merchandise sales. Also, Hong Kong had more operating days. The year-earlier quarter was still hit by Covid-related closures.
At domestic parks, the company noted growth at Disneyland largely offsetting softer operating income at Walt Disney World, where costs were higher (inflation, new guest offerings, increased depreciation) although attendance grew. WDW will certainly be a topic on a post-earnings call this afternoon with Disney locked in a bitter legal battle with the state of Florida. Gov. Ron DeSantis’ and lawmakers have canceled development deals and stripped the company of a longstanding special automomous district in and around the park.
Domestic Parks & Experiences saw sales rise 14% to $5.6 billion for the quarter ended April 1 with operating income up 10% at $1.5 billlion.
Parks have been an ongoing boon for the Mouse as it deals with growing pains in streaming and a secular decline in linear television. Revenue and profit were up, respectively,
If the feud between Disney and Florida Gov. Ron DeSantis was going to be escalated yet again, parks chief Josh D’Amaro didn’t seem like he would be the one to do it.
If you figured the war between Disney and Gov. Ron DeSantis was going to take a breather for the weekend, think again.
Elsa Keslassy International Correspondent Leading French producer Michael Gentile’s Paris-based outfit The Film is about to start shooting Julie Delpy’s next directorial outing, “The Barbarians,” and Laurence Arné’s “Les Hennedricks” starring Dany Boon. Delpy’s comeback to French filmmaking since “Lolo,” “The Barbarians” is a satirical comedy unfolding in a small town in Brittany which is preparing to welcome Ukrainian refugees after voting unanimously to greet them in exchange for subsidies from the government. But instead of seeing Ukrainians come into town, they see Syrian refugees, causing some tensions among locals and testing their liberal beliefs. Delpy will star in the film opposite Sandrine Kiberlain (“Mademoiselle Chambon”), Laurent Lafitte (“Elle”) and Ziad Bakri (“The Weekend Away”), India Hair (“Angry Annie”), Mathieu Demy (“The Bureau”) and Delpy’s father Albert Delpy.
Just over a week ago, Bob Iger rhetorically asked the adversarial Gov. Ron DeSantis if Florida really wanted Disney’s considerable business and tax revenue, or not. Now, without mentioning the would-be presidential contender nor his attacks on the company, the Mouse House has pulled some of that business and taxes revenues from the Sunshine State.
Gene Maddaus Senior Media Writer The Walt Disney Co. has scrapped plans to build a $1 billion office complex in Orlando, as the company continues to wage a political and legal battle with Florida Gov. Ron DeSantis. In an email to employees on Thursday, Disney executive Josh D’Amaro said that “considerable changes,” including “new leadership” and “changing business conditions,” had led to the decision to cancel the project. Disney had planned to move 2,000 employees to the Lake Nona complex once it was complete, mostly from the Imagineering division. The company announced the project in 2021, and reports indicated it could have benefited from as much as $500 million in state tax incentives.
David Gridley is making his Hallmark Channel debut this weekend!
Rita Ferro, Disney’s ad sales and partnerships chief, urged media buyers at the company’s New York upfront Tuesday to “lean into all aspects of diversity” with their marketing commitments.
The Walt Disney Co. is asking a judge to dismiss or stay a state lawsuit brought by the special district that oversees its Florida property, calling the litigation “moot” given recent actions taken by the state.
J. Kim Murphy Bob Chapek, the former Disney CEO who was abruptly ousted from the company last November, is among a group of executives facing a lawsuit claiming violations of securities law for allegedly providing misleading statements and omissions about Disney+ and its subscriber growth. The case, filed by Local 272 Labor Management Pension Fund on May 12 in the U.S. District Court for the Central District of California, also names former Disney executive Kareem Daniel and current CFO Christine McCarthy, as well as the Walt Disney Co. itself, as defendants. The document states that the case seeks a lead plaintiff and judicial determination for a class action suit representing Disney shareholders from Dec. 10, 2020 to Nov. 8, 2022.
To paraphrase Neil Young, Bob Chapek is gone from Disney but not forgotten.
McKinley Franklin editor Jenna Barbee, a fifth-grade Florida teacher, is under investigation by the Florida Department of Education after showing her class the animated Disney movie “Strange World,” which features an openly gay character. In a video posted to TikTok, Barbee said that she is being investigated for indoctrination after showing the film. “Our students had standardized testing all morning,” Barbee said in the video. “I thought it would be a great time to give them a brain break by showing a movie that related to what we were learning about in school…I chose this movie because it relates to our curriculum.” Prior to showing the film, Barbee acquired signed parent permission slips from students. She was then reported to the Florida Department of Education for indoctrination by Shannon Rodriguez, a board member of the Hernando County School District Board and parent of a student in Barbee’s class. The complaint related to Florida Gov. Ron DeSantis’ “Don’t Say Gay” legislation that has limited conversations about sexual orientation and gender identity in schools.
William Earl Disney CEO Bob Iger criticized Florida governor Ron DeSantis’s political moves in Florida on the company’s May 10 Q2 earnings call. The business-political feud was brought up as a result of a shareholder asking about the parks in Florida while there are political battles with the governor. “Regarding Florida, I got a few things I want to say about that bill,” he said. “First of all, if the case that we filed last month, made our position and the facts very clear, and that’s really that this is about one thing and one thing only and that’s retaliating against us for taking a position about pending legislation. And we believe that in us taking that position we are merely exercising our right to free speech. Also, this is not about special privileges or a level playing field or Disney in any way using its leverage around the state of Florida.
were expecting Disney to report earnings of $0.88 per share on revenue of $21.7 billion. Disney shares closed Wednesday at $101.13 per share, down 1% today and 13.7% YTD.
Gene Maddaus Senior Media Writer The war between Disney and Florida Gov. Ron DeSantis does not appear to be calming down any time soon — as both sides have traded lawsuits in a struggle for control over the company’s Orlando theme parks. In the latest move, the DeSantis-backed board that oversees Disney World, EPCOT and the other parks will take up a proposal on Wednesday to establish a code enforcement system. According to a staff report, the proposal would allow code enforcement officers to impose civil penalties of up to $500 per infraction per day — the maximum allowed by state law. The board would also appoint a special magistrate who could hear appeals of citations.
The Walt Disney Co. filed an amended lawsuit against Florida governor Ron DeSantis after the state legislature moved to void a 30-year theme park development agreement.
. It started with , which has accrued over five million views. The video, which is soundtracked to the song “Remember You Omnichord” by Mars Bars, features still shot after shot of Disney princesses: Ariel from ; Aurora from Sleeping Beauty; Belle from Beauty and the Beast; Snow White from *Snow White—*each with their nose ringed in red.
on the video, which scored 5.3 million views since it was posted last month.A TikToker known as Robin Reaction also shared a clip last year making a similar argument. The creator claims that some of the earliest princesses barely had a nose at all, at least when the animated beauties were viewed head-on.
Disney’s seemingly successful efforts to outfox Florida Gov. Ron DeSantis’ power grab to control the area around Disney World are “not even worth the paper they were printed on,” according to a countersuit filed Monday by the GOP presidential aspirant’s replacement board.
“I believe in the First Amendment, and not just because my good friend Jimmy Madison wrote it,” joked President Joe Biden tonight at the White House Correspondents’ Association Dinner.
The federal judge presiding over Disney’s lawsuit against Florida Gov. Ron DeSantis has recused himself, citing a conflict of interest.