Disney Stock Slips After Media Giant Unveils Plan To Double Spending On Theme Parks To $60B Over Next 10 Years

William Earl Activist investor Nelson Peltz has amassed a $2.5 billion stake in Walt Disney Co. and is preparing to make a second run at pressuring the company to grant him with board seats, the Wall Street Journal reported Sunday. Peltz’s Trian Fund Management is responding to the steady slide in Disney shares, which are down about 16% for the year to date.

Kate Middleton was once "left in tears" after Prince William "disappointed" her by cancelling their "big plans" at the last minute.

Jennifer Lee, Chief Creative Officer at Disney Animation, confirmed this afternoon that work has quietly begun on a third edition in the company’s Frozen film franchise during a keynote session at the London Film Festival (LFF). 

Matt Donnelly Senior Film Writer Actors union SAG-AFTRA and the AMPTP concluded a full day of negotiations on Monday, the first time negotiators have been in a room together since the union declared a strike on July 14. While little details were shared about the talks, both sides plan to meet again this week. “SAG-AFTRA and the AMPTP met for a full day bargaining session and have concluded.

Disney+ is making some big changes.

Todd Spangler NY Digital Editor If you’re piggybacking on someone else’s Disney+ account, you may soon have to pay up to access the streamer. The Mouse House has notified Disney+ subscribers in Canada that as of Nov. 1, “Unless otherwise permitted by your service tier, you may not share your subscription outside of your household.” The notification also informs customers that if the company has determined that a Disney+ subscriber has violated those terms, “we may limit or terminate access to the service and/or take any other steps as permitted by this agreement.” The language suggests that Disney+ will be offering a new option (or options) for account-sharing outside a primary user’s household.

Ron DeSantis was in Anaheim on Friday speaking at the California Republican Party Fall Convention. However, a new filing in federal court this week reveals that if it were up to the Florida governor, he’d get as far away from Disney as he can — on both coasts.

Media entrepreneur Byron Allen, one of many parties interested in acquiring ABC and other linear TV assets from Disney, said he has “access to plenty of capital,” and Disney’s internal deliberations are the next hurdle to be cleared.

Brent Lang Executive Editor Shares of major media companies fluctuated on news that studios and streamers have reached a tentative agreement with the writers’ union on a new contract, potentially ending a strike that started in May. There are also hopes that a possible deal with the Writers Guild of America could set the stage for a similar pact with actors, who have been on the picket lines since July. The dual strikes have brought production to a standstill and could mean that several high-profile movies and shows are delayed.

The WGA is heading back to the bargaining table with the CEOs of Netflix, Disney, Universal, and Warner Bros Discovery on Friday.

Jet2 has warned passengers travelling to the Spanish hotspot of Alicante in the coming months of ‘potential congestion’ at the airport as ground handling staff go on strike. The walkouts are supported by the security service at Alicante airport, meaning holidaymakers could face longer waits than usual.

Disney has huge plans to expand their theme parks, according to a report from The Hollywood Reporter.

Quentin Tarantino’s next film, joining his Pulp Fiction co-star Samuel L. Jackson on the rumoured cast list.According to Hollywood insider Jeff Sneider (via World Of Reel), Travolta is set to have a role in The Movie Critic.

Todd Spangler NY Digital Editor Disney is planning to super-size its theme parks and cruise lines business. The Walt Disney Co.

BreAnna Bell Disney has responded to reports claiming the company is in early talks to sell its ABC network and TV stations, saying the company “has made no decision” on it yet. “While we are open to considering a variety of strategic options for our linear businesses, at this time The Walt Disney Company has made no decision with respect to the divestiture of ABC or any other property and any report to that effect is unfounded,” the statement reads.

Disney is pushing back on reports that the company is talking with Nexstar Media Group about a potential sale of ABC and its eight local ABC stations.

The CEO of Universal Destinations & Experiences said hopes are high that the new Epic Universe theme park in Orlando set to open next year will extend visitor stays from three or four days to a full week as a new destination for families with kids age eight and above – Universal’s target demo.

Tom Carter, a longtime former Nexstar exec who is now a senior advisor to the CEO and board of directors, says the company could acquire Disney’s local ABC TV stations with “little friction” if they become available.

EXCLUSIVE: Fran Drescher is less concerned with meeting of several showrunners with WGA leadership this week and more concerned with studios and streamers getting back to the bargaining table to make a fair deal.

Patrick Frater Asia Bureau Chief Hong Kong Disneyland has confirmed Nov. 20 as the opening date for the World of Frozen themed land based on the hit animated movies “Frozen” and “Frozen 2.” And, with two months until opening, first look images are now being released. The cinematic land of Arendelle contains attractions that enable guests to participate in Summer Snow Day, the day that the film’s Princess Anna saved Elsa and the kingdom with an act of love, meet Elsa at her Ice Palace, board Wandering Oaken’s Sliding Sleighs and enjoy an interactive play experience with the characters at Playhouse in the Woods. The films’ Anna, Elsa and Kristoff characters are represented by fully-electric ‘Audio-Animatronics’ figures, which Walt Disney Imagineering says are its most advanced. Visitors to the land can wear rosemaling patterned clothes, add glittering ice-inspired face paint, style their hair like Elsa or wear a cape like Anna. Landmarks within the new land include: North Mountain, with its peak as the highest point in Arendelle; the Ice Palace where Elsa unleashes her icy powers freely for the first time; Arendelle Castle, home of the royal family; the Bay of Arendelle, featuring the small fishing boat that Anna fell on when she met Prince Hans; Clock Tower where Anna danced with Hans; and Friendship Fountain where Elsa uses her magical powers to freeze its water into snowflake ornamentations. There are new retail and food and beverage facilities, as well.