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Iger said he would reorganize the company into three segments: an entertainment unit that encompasses film, television and streaming; a sports-focused ESPN unit; and Disney parks, experiences and products. "This reorganization will result in a more cost-effective, coordinated approach to our operations," Iger told analysts on a conference call. Disney earlier reported its first quarterly decrease in subscriptions for its Disney+ streaming media unit which lost more than $1 billion. Now, Iger will seek to put Disney's streaming business on a path to growth and profitability. It reorganized its business in 2018 to accelerate the growth of its streaming business, and again in 2020, to further spur streaming's growth.

☆ Morgan Stanley says Disney can surge 35% as a strong consumer drives park revenue
▼ + stars: | 2023-02-06 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Shares for Disney could see big gains going forward, according to Morgan Stanley. He also noted that his bull case scenario is now in play after the stock's hot start to 2023. "After a 25% appreciation in shares YTD, we focus on the bull case from here: In our view, the recent appreciation in shares reflects two recent shifts in sentiment. Morgan Stanley has a bull case price target of $150 per share on Disney, which implies upside of 36.1% from Friday's close. Disney shares were down nearly 1% during the premarket Monday.

☆ My family of 4 spent $600 a night at Disney's Beach Club Resort, and it's one of our favorite hotels
▼ + stars: | 2023-01-28 | by ( Kari Becker | ) www.businessinsider.com time to read: +8 min

My family of four stayed in a club-level suite at Disney's Beach Club Resort for $600. Themed after a New England-style beach resort, it's located in the Epcot area around Crescent Lake, our favorite resort area to stay in. Here's a look at our recent stay in a club-level suite and why Beach Club has become a top pick for my family. Beach Club is a great resort for groups of all sizesWe'll definitely be returning to Beach Club. After this trip, it's fair to say that Beach Club is one of my family's favorite hotels.

I can often get Disney gift cards at a discountBuying gift cards at a discount means paying less for the gift card than the face value of the card. If you pay any amount less than $50 for a $50 gift card, then that's a discounted gift card. If I buy a $100 Disney gift card at Target each month, I'll have $1,200 after a year. However, if a customer does not have a Cash App Card, they can instead convert their gift card to cash in the app. While Costco doesn't sell Disney gift cards, they sometimes have Landry's gift cards, which can be used at the Rainforest Café and T-Rex Café at Disney World.

☆ Why America’s economy remains surprisingly strong – but you don’t realize it
▼ + stars: | 2022-12-22 | by ( Christine Romans | ) edition.cnn.com time to read: +2 min

New York CNN Business —Each week brings head-scratching contradictory news about the economy. This past week was no different, with a batch of economic reports showing that — despite the recession talk — the US economy shows remarkable resilience. Yes, the economy is strong. “The labor market is incredibly strong again,” Federal Reserve Chairman Jerome Powell in a speech last month. That means the next year will no question be a challenge as all that tightening continues to work its way through the economy.

☆ Reinstated Disney CEO Bob Iger spent months undermining his now-ousted successor Bob Chapek by keeping an office and criticizing his leadership, report says
▼ + stars: | 2022-12-18 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Disney CEO Bob Iger spent months undermining his successor Bob Chapek, the Wall Street Journal reported. Disney's board dramatically reinstated Iger as CEO last month amid broader dissatisfaction with Chapek's leadership. Other execs were considering leaving if Chapek stayed in the CEO role, a senior figure at Disney told Insider, expressing frustration with his leadership and decision-making. He was criticized internally and by industry figures for making decisions without enough information, the Disney insider told Insider last month. Disney and Iger were not immediately available to respond to Insider's request for comment made outside of US working hours.

☆ A former Disney Imagineer started out carving iconic theme-park signs from wood. Now he's a craftsman making custom works of art for Disney fans that cost $50,000 and take 350 hours.
▼ + stars: | 2022-12-16 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +7 min

A recent commission of a "Beauty and the Beast"-themed mantel face measuring 6 feet by 14 inches took Kinman, by his estimate, around 350 hours from August to November. 2022 — 'Beauty and the Beast' mantel face (private collection)Kinman's 'Beauty and the Beast' mantel face was for a private collection in Oregon. The other side of the mantel face depicts the characters Mrs. Potts and Chip. Here he's carving a door out of mahogany. He's also excited about a carving he's been commissioned to do of Scrooge McDuck sitting in his money room.

☆ The ‘yes, but’ economy. Yes, we’re worried about recession — but the economy remains resilient
▼ + stars: | 2022-12-02 | by ( Christine Romans | ) edition.cnn.com time to read: +2 min

New York CNN Business —Each week brings head-scratching contradictory news about the economy. Tthis past week was no different, with a batch of economic reports showing that — despite the recession talk — the US economy shows remarkable resilience. Yes, the economy is strong. Yes, economists are worried about a recession, but the job market is incredibly tight with more than 10 million open jobs and 1.7 jobs available for anyone who’s searching for one (or looking to job hop). That means the next year will no question be a challenge as all that tightening continues to work its way through the economy.

☆ Top tips for saving money at Disney parks while traveling with a family on a budget
▼ + stars: | 2022-11-27 | by ( Gabrielle Reeder | ) www.businessinsider.com time to read: +8 min

For non-Florida residents who want to visit Disney World, purchasing a vacation package is cost-effective, travel agent Shannon Devine told Insider. For non-Florida residents, purchasing a Disney World vacation package is cost-effective, Shannon Devine, an independent travel agent with Academy Travel who specializes in planning Disney family vacations told Insider. A view of Disney's Grand Floridian Resort main entrance at Walt Disney World. Disney Tsum Tsums or smaller stuffed animals are at Walmart or Target for a fraction of Disney parks' costs. For an estimate of Disney trip costs, visit the Disney World Coast Calculator.

Bob Iger's return as Disney's CEO was met with surprise and relief by current and former employees. News of Bob Iger's return as Disney's CEO shocked the media world, but for many inside the company, the news touched off a mix of surprise as well as relief. Insider spoke with eight current and recently departed Disney employees about their reactions, hopes, and concerns for what's next. And there's still worry about where cuts will hit and how deep, and what's in store for Disney's streaming business. "Iger still has all the problems Chapek had — the company is bleeding money," said the first Disney insider.

[1/3] FILEPHOTO: Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. In his 15 years as Disney chief executive, Iger postponed his retirement four times, sidelining would-be successors. read more Part of his mandate, according to Disney, is to work with the board to develop a successor to lead the company. Chapek was among a shortlist of internal candidates vying for Iger's job, according to a source familiar with discussions. Another seen as a top contender was Kevin Mayer, Disney's longtime head of strategic planning who had shepherded the successful launch of Disney+, according to sources.

Bob Iger's return as Disney's CEO was met with surprise and relief by current and former employees. News of Bob Iger's return as Disney's CEO shocked the media world, but for many inside the company, the news touched off a mix of surprise as well as relief. Insider spoke with eight current and recently departed Disney employees about their reactions, hopes, and concerns for what's next. One theme park designer and former Disney employee, Taylor A. Baird, said he "almost cried" upon hearing about Iger's return because of his past success running the company. And there's still worry about where cuts will hit and how deep, and what's in store for Disney's streaming business.

☆ Inside Bob Iger's return to Disney: A senior executive's outreach to the former chief followed months of complaints to the board about CEO Bob Chapek
▼ + stars: | 2022-11-21 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +6 min

Bob Iger is returning to Disney as CEO, ending the rocky tenure of his successor, Bob Chapek. This person said the board realized its chief executive simply wasn't up to the job after the high-level company executives shared their frustrations. "Bob Iger is one of the top executives of the last decade. Daniel and a handful of other top executives are expected to find out their fate in the next 24 hours, said the senior Disney Insider. "I'm really happy pleased that Bob Iger has accepted this has decided to come back at a critical time for the company," the senior Disney insider said.

☆ Here's what Bob Iger's return as Disney CEO means for the company's theme parks
▼ + stars: | 2022-11-21 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +3 min

Bob Chapek's tenure as Disney CEO abruptly ended, and Bob Iger will resume the role. A former Parks exec, Chapek angered many theme park fans by jacking up prices and axing free services. Chapek's time at Disney was marked by criticism of his handling of Disney's theme parks and park employees, and many Disney fans took to social media to celebrate Iger's return. He expanded the company's theme park offerings – opening an Avatar world, Toy Story Land, Star Wars: Galaxy's Edge, and Shanghai Disneyland – all while keeping many services comparatively low-cost or free. Not all Disney watchers believe Iger will radically change the direction Chapek had led Disney's theme parks, though.

☆ Bob Chapek's Disney angered Scarlett Johansson, Florida's governor, and more in his two-plus years as CEO
▼ + stars: | 2022-11-21 | by ( Travis Clark | ) www.businessinsider.com time to read: +5 min

Disney announced Sunday that Bob Iger would return as CEO, replacing his successor Bob Chapek. Less than three years later, Chapek is out, and Iger, who led Disney through unprecedented success, is back in. By 2021, with theatrical attendance still rocky, Disney aimed to release some movies in theaters and, for a fee, onto Disney+ simultaneously. Star Scarlett Johansson sued Disney, claiming the move breached her contract, as her salary was based on a portion of box-office earnings. It also led to creatives speaking out on the lack of LGBTQ+ representation in Disney movies.

☆ Bob Chapek’s tenure marked by political missteps inside and outside of Disney
▼ + stars: | 2022-11-21 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

Now he’s saying “Goodbye, Disney (DIS).”Chapek’s rocky two-and-a-half year tenure at the head of the entertainment giant had a few wins. But Disney made the surprise announcement Sunday that its revered former CEO Bob Iger is making a return as the head of the company. Disney employees began staging walkouts, saying Chapek’s statements “utterly failed” to grasp the threat to LGBTQ communities. DeSantis quickly ripped Disney after Chapek’s public condemnation, calling the company a “woke corporation” with questionable business interests in China during a private event. Investors celebrated Iger’s return as CEO, sending Disney shares up nearly 7% Monday after dropping roughly 38% this year.

☆ Disney Parks’ Ride Stoppages and Wait Times Grow as Ticket Prices Rise
▼ + stars: | 2022-11-19 | by ( Robbie Whelan | Jacob Passy | ) www.wsj.com time to read: 1 min

Star Wars: Rise of the Resistance has grown into a major draw for visitors to Disneyland in Anaheim, Calif.Amie Gasabyan was riding the Indiana Jones Adventure thrill ride at Disneyland with her 9-year-old daughter Ella on a recent weekday when it lurched to a halt in a pitch-black tunnel. Ms. Gasabyan told her daughter to stay calm and that this happens all the time. The ride started up again after about seven minutes.

☆ We're fed up after Disney's terrible quarter and streaming losses. It's time for some big changes
▼ + stars: | 2022-11-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Operating income fell 91% to $83 million mostly due to higher than expected losses from the Direct-to-Consumer business. In better news, Disney ended Q4 with 164.2 million Disney+ subscribers, up 12.1 million from the prior quarter and well above estimates of about 160.45 million. Bundling has a negative effect on ARPUs, and Disney said Tuesday evening that bundled and multiproduct offerings now make up over 40% of domestic Disney+ subscribers. In terms of subscribers, Disney sees core Disney+ subscribers slightly increasing in its first quarter, though Disney+ Hotstar is expected to lose subs due to the absence of the Indian Premier League Cricket rights. After checking consensus estimates, this is a terrible miss compared to expectations of sales growing by 11% and operating income increasing by 17%.

☆ I'm in the Disney College Program, so I work in the Disney parks and get free access for 9 months. The rules are strict and the days are long, but I love it.
▼ + stars: | 2022-11-02 | by ( Cassie Schoene | ) www.businessinsider.com time to read: +6 min

Cassie Schoene was a sophomore in college when she got into Disney's college program. It's a work program that usually lasts four to seven months and can be extended for up to a year. Disney College Program participants, or CPs, must be enrolled in a university or have graduated in the past two years. Sometimes people will leave the Disney College Program if they don't get the role they want. The rest of Florida may be cheaper, but I get to experience Disney World cheaper than the rest of Florida.

☆ I worked at Disney World and Disneyland. The wildest things always happened at Magic Kingdom — here's what it was like.
▼ + stars: | 2022-10-30 | by ( Jamie Killin | ) www.businessinsider.com time to read: +5 min

Magic Kingdom guests are often there for the first time, so that's where the wild stuff happens. I started at Disney World in the fall of 2014 as part of the Disney College Program, where I worked in attractions at Epcot. That December I graduated, so I applied for the Disneyland college program and got to check out the other coast. Magic Kingdom was the only place where I saw crazy things happen. Eva KellerI think it's because Magic Kingdom is the main park.

☆ Disney is being sued by annual passholders who say the company has reduced their access to its Florida theme park
▼ + stars: | 2022-10-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Two holders of Disney World annual passes have sued Walt Disney Parks and Resorts. Disney changed the park entry system at Disney World in Florida to control capacity at the start of the pandemic. A tourist looks at a park map during the Flower and Garden Festival at Epcot at Walt Disney World in Orange County, Florida on May 30, 2022. "Disney's conduct is a predatory business practice, aimed at exploiting the customers who support it the most, its annual pass holders," it adds. Disney scrapped the Platinum Plus, Platinum, Gold, and Silver Passes in September 2021, replacing them with four new tiers of passes.

☆ Hulu insiders are confused and frustrated about their future as Disney and Comcast battle it out for control of the streamer
▼ + stars: | 2022-10-20 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +10 min

Sparring between Disney and Comcast CEOs over Hulu has stoked uncertainty among insiders about the streamer's future. Many wonder how Hulu will stay differentiated from Disney+ if Disney becomes Hulu's sole owner. Insiders and advertisers alike are also watching to see if Hulu will lose some of its distinctiveness as Disney invests more in Disney+. "That was a clear departure from Disney being family-focused and Hulu being general entertainment," said a second former Hulu exec. And as the CEOs posture, people inside the streamer are eager for leadership to tell them, as a third former company insider put it, "what Hulu means to the Walt Disney Company."

☆ Why companies like UPS and Disney are allowing workers to show their tattoos
▼ + stars: | 2022-10-16 | by ( Ian Thomas | ) www.cnbc.com time to read: +9 min

Companies including Disney, UPS and Virgin Atlantic have relaxed their dress and style codes to allow employees to show their tattoos in the workplace. Shifting views on tattoos at workBartlett said after that policy was well received, UPS began looking at changes to its tattoo policy. Previously, the company barred employees from showing any visible tattoos — workers with tattoos had to cover them with long sleeves or pants, or skin-colored coverings. According to the Disney cast member handbook, visible tattoos that are no larger than an extended hand are permitted except for any on the face, head, or neck. That carried over into corporate culture, where hiring managers would stereotype applicants with visible tattoos, or where employers would worry that employing someone with tattoos would turn off customers.

Hurricane Ian in the Gulf of Mexico on Sept. 27, 2022. Share this -Link copiedHurricane Ian over Cuba on Tuesday morning Hurricane Ian over Cuba, on Tuesday. Share this -Link copiedIan expected to strengthen later Tuesday morning Hurricane Ian is expected to strengthen later Tuesday morning, officials said. Share this -Link copiedStorm clouds over St. Petersburg, Florida Storm clouds are seen as Hurricane Ian approaches in St. Petersburg, Florida on Monday. Ricardo Arduengo / AFP - Getty Images Share this -Link copiedHurricane Ian as it barrelled towards Cuba Hurricane Ian growing stronger as it barrelled toward Cuba on Monday.

☆ Disney and Hulu salaries revealed: Pay data show how much the Hollywood giant recently offered for jobs across divisions
▼ + stars: | 2022-09-27 | by ( Elaine Low | Colin Salao | ) www.businessinsider.com time to read: +10 min

Disney+ accounts for 152 million subs, while Hulu has 46.2 million and ESPN+ has 22.8 million. Public work-visa data show Disney offers $93,150 to $242,000 for some jobs at Hulu and other units. Its flagship streaming service Disney+ alone accounts for more than more than 152 million subscribers, gaining on Netflix's 221 million. To see what Disney and Hulu pay for certain jobs, Insider analyzed recent work-visa disclosures. Most of the roles were tech jobs, including data scientist and software engineer roles.

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