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☆ Travel news: This airport has more global flight connections than anywhere else in the planet
▼ + stars: | 2023-09-23 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

Get the latest news in aviation, food and drink, where to stay and other travel developments. Airports flying highSome airports rank highest for passenger volume, such as Hartsfield-Jackson Atlanta International, which served close to 94 million travelers last year. Others excel in passenger satisfaction in North America, such as those in Detroit and Minneapolis, which triumphed in a new study by J.D. However, there are three international airports that punch above their weight when it comes to their rich array of connecting flights around the world. Destination inspirationWhen planning vacation itineraries, you really can’t go wrong by checking out local UNESCO World Heritage sites: It’s the unofficial stamp of a quality day out.

Persons: Nikki Bettis, ” Organizations: CNN, UNESCO, Hartsfield, Jackson Atlanta International, London Heathrow, New, JFK, Amsterdam’s, Kuala Lumpur International, Tokyo, Heritage, Bale, Oriental Express, Orient, Disney, Magic Kingdom, United Airlines Locations: North America, Detroit, Minneapolis, ., London, Amsterdam’s Schiphol, Kuala, Tokyo Haneda, Ohio, Ethiopia, West, Jericho, Venice, UNESCO’s, Lake Como, Singapore, Malaysia, Italy, Italy’s, Magic, China, Rome

People gather ahead of the "Festival of Fantasy" parade at the Walt Disney World Magic Kingdom theme park in Orlando, Florida, U.S. July 30, 2022. REUTERS/Octavio Jones Acquire Licensing RightsSept 20 (Reuters) - Walt Disney's (DIS.N) $60 billion spending plan on parks and cruises to stay ahead of growing competition has worried some Wall Street analysts with its long road to payoff. "Expanding parks and cruises tends to be a multi year undertaking as a result of which, revenue and margin acceleration lags the investment cycle," Barclays analysts said. The bump in parks spending also follows a quiet period for the business during the pandemic in 2020 and 2021, when the spread of COVID-19 forced park closures and hit attendance. That led Needham analysts to warn Disney could be basing its decision on "unsustainable and elevated profit margins."

Persons: Octavio Jones, Walt Disney's, Needham, Samrhitha Arunasalam, Aditya Soni, Anil D'Silva Organizations: Walt Disney, REUTERS, Wall Street, Walt Disney World, Netflix, Barclays, Analysts, ABC, Comcast, Disney, Nintendo, Thomson Locations: Orlando , Florida, U.S, Hulu, COVID, California, Florida, Bengaluru

☆ Magic Kingdom Needs to Cast a Wider Spell
▼ + stars: | 2023-09-20 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Disney CEO says company will 'quiet the noise' in culture wars -analyst
▼ + stars: | 2023-09-20 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +3 min

[1/2] Items with a rainbow-coloured design are seen in a Pride section of a gift shop at the Walt Disney World Magic Kingdom theme park in Orlando, Florida, U.S. July 30, 2022. REUTERS/Octavio Jones/File Photo Acquire Licensing RightsSept 20 (Reuters) - Walt Disney (DIS.N) CEO Bob Iger told investors the company will "quiet the noise" in a culture war that has pitted social conservatives against the global media and entertainment conglomerate, according to an analyst note on Wednesday. Iger previously said the company planned to spend $17 billion in investment at Walt Disney World over the next 10 years. At the time, Iger was responding to an investor who said the company was becoming too concerned with social issues. “Our primary mission needs to be to entertain ... and to have a positive impact on the world,” Iger said at the time.

Persons: Octavio Jones, Walt Disney, Bob Iger, Laura Martin, Disney, Wall, Ron DeSantis, “, Iger, Halle, Ariel, ” Iger, Dawn Chmielewski, Marguerita Choy Organizations: Walt Disney, REUTERS, Needham, Walt Disney World, Disney, ESPN, Central, Universal Orlando, Parks, Pixar Animation, Thomson Locations: Orlando , Florida, U.S, Florida, Central Florida, Halle Bailey, Los Angeles

☆ Disney’s theme parks reveal shrunken treasure
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

Acquire Licensing RightsNEW YORK, Sept 20 (Reuters Breakingviews) - Bob Iger can’t get off the roller coaster. Walt Disney’s (DIS.N) chief executive plans to double the Magic Kingdom’s investment in theme parks and other experiences to $60 billion over the course of about 10 years. On the other, Disney’s dwindling cash and the increasing demands for it is cause for concern. One issue is that Disney’s free cash flow has plummeted. No wonder adding theme parks to the list is making shareholders skittish.

Persons: Bob Iger can’t, Walt Disney’s, Iger, Jennifer Saba, Bernie Sanders’s, Jeffrey Goldfarb, Sharon Lam Organizations: Writers Guild of America, Walt Disney Studios, Reuters, Disney, Comcast, Pearson’s, Thomson Locations: Burbank , California, U.S, Hulu

☆ Bear Temporarily Shuts Down Portions of Disney’s Magic Kingdom Park
▼ + stars: | 2023-09-19 | by ( Talal Ansari | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/us-news/bear-temporarily-shuts-down-portions-of-disneys-magic-kingdom-park-974c9359

Persons: Dow Jones

☆ Bear spotted at Disney World prompts closure of parts of Magic Kingdom
▼ + stars: | 2023-09-18 | by ( Natasha Chen | Marlon Sorto | ) edition.cnn.com time to read: +2 min

CNN —A bear that prompted partial closures at Walt Disney World’s Magic Kingdom on Monday was captured without incident and is being relocated, according to a news release from Florida Fish & Wildlife Conservation Commission. Nearly a dozen attractions were closed on Monday at the time authorities were trying to locate the bear at Magic Kingdom, according to the My Disney Experience app. WESHIt was not clear if the closures, or how many, were related to the bear sighting. CNN has reached out to Disney for more details about specific closures but has not heard back yet. There are three other major parks at the resort: EPCOT, Hollywood Studios and Animal Kingdom.

Persons: ” FWC, FWC, Sawyer, Craig Williams, Disney, “, Shawn Nottingham, Carlos Suarez, Melissa Alonso, Kate Conerly Organizations: CNN, Walt Disney World’s, Florida Fish & Wildlife Conservation Commission, Ocala National Forest, Disney, Walt Disney World Railroad, Liberty Square, Hall, Presidents, Haunted, Liberty, WESH, Hollywood Studios, Animal Locations: Ocala, Magic, Caribbean, Frontierland, EPCOT, Animal Kingdom

☆ Once upon a time, the 'Disney adult' was ridiculed. Now, kidless millennials and Gen Z-ers with money to burn are packing into the parks — here's how Disney is winning them over.
▼ + stars: | 2023-09-14 | by ( Reed Alexander | ) www.businessinsider.com time to read: +22 min

Newlyweds Natalie and Brett Schwartz exchanged vows at Walt Disney World in Orlando this summer. "Our approach was to shine a light on the beautiful tapestry of people that come to Walt Disney World," Trejo said. Francis Dominic, the former parks worker turned influencer, has also been tapped to promote Disney parks and films. It's a difficult tightrope to navigate, but it could define the future of Disney parks. Are you a Disney parks or Walt Disney Co. insider?

Persons: Sarah Rachul, I'm, Rachul, Orlando —, —, Molly May, Francis Dominic, Dominic, who's, Taylor, Ron DeSantis —, Japan pavilion's Takumi, Jonathan de Araujo, it's, Tara Goldstein, Ann van Oostendorp, Disney, Van Oostendorp, Natalie Schwartz, Brett, Schwartz, Sierra Keller's, Keller, Natalie, Brett Schwartz, Jason Petrina, he's, Disney's, He's, They're, Petrina, Mickey, Chris Evans, Zoe Saldaña, What's, Wan Kenobi, Emperor Palpatine, she'd, welling, haven't, Neph Trejo, Walt, " Trejo, It's, Halle Bailey, Kent Phillips, Gaston, Jeremy Singh, I'd, Singh couldn't, he'd, Singh, they're, Patrick Dougall, Mark Eades, Eades, we've, Amanda Krause, Reed Alexander Organizations: Walt Disney, Epcot, Disney Vacation, Disney, Mouse, Disneyland, Disney Parks, Walt Disney Co, Florida Gov, Universal, Guardians, Galaxy, University of Tampa, Disney World, Honeymooners, Star Wars, Marvel, Magic, Cafe Orleans, Disney World's Hollywood Studios, Hollywood Studios, Star, Gucci, Dooney, Animal, Dole, Walt Disney World's, ABC, Getty, Management, Disney Imagineer, Disneyland Alumni Locations: Ohio, Disney, Orlando , Florida, Anaheim , California, Italy, China, Tuscany, Orlando, Florida, Disneyland Paris, Tokyo, Japan, Epcot, California, Anaheim, Belle Terrace, Hollywood

☆ ABC News staffers ‘freaking’ out over reports Disney is in talks to sell the outlet
▼ + stars: | 2023-09-14 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

Bloomberg’s Christopher Palmeri and Thomas Buckley reported that Disney has “held exploratory talks” about selling ABC to Nexstar Media Group. The duo also reported that media mogul Byron Allen has also spoken with Disney about a possible deal. “Everyone is freaking the f**k out,” one ABC News staffer bluntly told me about the state of affairs inside the network. Whether a deal to offload ABC and Disney’s linear stations is ultimately in the cards remains to be seen. “I’m ridiculously passionate about news,” Iger told senior company leaders.

Persons: Bloomberg’s Christopher Palmeri, Thomas Buckley, Byron Allen, ”, anxiousness, Will, Robert F, Kennedy Jr, Disney, Bob Iger’s, ABC News’ers, they’re, Iger —, ” Iger, “ Organizations: CNN, ABC News, Disney, Magic Kingdom, ABC, Nexstar Media Group, Nexstar, CW, ESPN, Bloomberg, CNBC, Sun Locations: New York City

☆ Disney starts drafting broadcast TV’s grand finale
▼ + stars: | 2023-09-14 | by ( Jennifer Saba | ) www.reuters.com time to read: +9 min

It was pretty much the only way to watch “Gunsmoke” or “Howdy Doody” until cable networks arrived in force in the 1980s, bundled together for a monthly subscription fee. For Disney, ABC represented a watershed moment. Look deeper and the big broadcasters attracted only one in five viewers, while one in three watched cable networks. The TV group, excluding cable networks such as Fox News, generated an EBITDA margin of nearly 12% for the year ending June 30. Assume any deal includes cable networks such as Disney Channel and National Geographic.

Persons: Walt Disney, Bob Iger, ”, Howdy Doody, Fox, Rupert Murdoch, Michael Eisner, Iger, what’s, “ Abbott, Singer, Morgan Stanley, Disney’s, they’re, reckons Morgan Stanley, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav, Oliver Taslic Organizations: Reuters, Magic Kingdom, ABC, Disney, ESPN, Charter Communications, American Broadcasting Company, NBC, CBS, Capital Cities, RJR Nabisco, Paramount Global, Comcast, Warner Bros Discovery, Fox, Paramount, National Football League, NFL, Reuters Graphics Reuters, Bloomberg, Apple, Nielsen, BET, Wall Street Journal, Charter, U.S . Federal Communications Commission, Local, Disney Channel, Geographic, Apollo Global Management, TPG, Walt Disney, Thomson Locations: U.S, United States

☆ Bob Iger's grand plan for Disney is moving fast with reported talks to sell ABC
▼ + stars: | 2023-09-14 | by ( Madeline Berg | Lucia Moses | ) www.businessinsider.com time to read: +5 min

Disney is in talks to sell ABC to Nexstar, Bloomberg first reported. But the reported talks are another sign that Iger means business when it comes to Disney's streaming future. The company's direct-to-consumer business reported a loss of $2.2 billion in the first nine months of the year — 12% less than during the same period last year. But even if he does sell ABC — and manages to get a good price for it, despite its ominous future — his challenges are far from over. AdvertisementAdvertisementSo, then, what does the deal to sell ABC mean?

Persons: Bob Iger's, Bob Iger, Iger, Peter Csathy, he's, ABC's, Brian Roberts, there's, it's Organizations: Disney, ABC, Nexstar, Bloomberg, Service, Nexstar Media Group, Walt Disney Company, CNN, ESPN, Hulu, Hollywood, Magic Locations: Wall, Silicon, Sun, Iger, Hulu —, Hollywood, Magic Kingdom

☆ CNBC Daily Open: Lingering embers of inflation
▼ + stars: | 2023-09-07 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks sold offU.S. stocks experienced a sell-off and all major indexes closed in the red. Relatedly, Germany's new manufacturing orders in July fell 11.7% month on month, according to provisional Destatis figures, a big plunge from June's 7.6% increase. EU-designated 'gatekeepers'The European Commission designated Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft as "gatekeepers" under its new Digital Markets Act.

Persons: Stocks, Bob Iger, Bob Chapek, Alex Sherman, Goldman Sachs, Goldman Organizations: CNBC, Treasury, Disney, Apple, U.S . Securities, Exchange Commission, EU, European, Meta, Microsoft, Markets Locations: U.S

☆ CNBC Daily Open: Input prices are going up
▼ + stars: | 2023-09-07 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks sold offU.S. stocks experienced a sell-off and all major indexes closed in the red. China's trade isn't picking upChina's trade activity fell again in August, though not as badly as feared. In U.S. dollar terms, exports fell by 8.8% from a year ago, compared with the 9.2% forecast.

Persons: Stocks, Australia's, Bob Iger, Bob Chapek, Alex Sherman Organizations: CNBC, Treasury, Nikkei, Apple, U.S . Securities, Exchange Commission, Disney, Apple China, European Commission Locations: U.S, Asia, Pacific

☆ Barbie’s a boss but not a business model
▼ + stars: | 2023-09-05 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

NEW YORK, Sept 5 (Reuters Breakingviews) - Warner Bros Discovery (WBD.O) boss David Zaslav is playing too much with Barbie. Mattel (MAT.O), the $8 billion company behind the brand, has increased its market value 20% since late May, growing three times as fast as the S&P 500 Index (.SPX). Lego partnered with Warner Bros in 2014 to produce a movie featuring its renowned plastic bricks. Unlike Disney and its superheroes, Warner Bros doesn’t own the blonde bombshell. Barbie may be this year’s boss, but she and her nostalgic ilk are unlikely to become business models.

Persons: David Zaslav, Barbie, Margot Robbie, Harry Potter, Polly, Cuties, Walt Disney’s, Bob Iger, Warner, oligopolistic, Davidson, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, Warner Bros Discovery, Mattel, Warner Bros, Marvel, Disney, McKinsey, Harley, Thomson

☆ Disney’s battle with Charter could pose an existential threat to the cable bundle
▼ + stars: | 2023-09-05 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

CNN —It’s a carriage fight that could lead to the dismantling — or revolution — of the cable television bundle. Charter argues that it is paying a premium for Disney content ($2.2 billion in 2023), but that much of the first-class, buzzy content is actually on platforms like Disney+, not the linear channels. And it says it has proposed “creative ways” to make Disney’s DTC offerings available to Charter subscribers. But, in Disney’s eyes, why would it give away access to its expensive DTC content at no additional cost to Charter subscribers? “The Walt Disney Company and Charter have the opportunity to work together on transforming the industry for the long-term benefit of both companies and their customers,” Charter said.

Persons: CNN —, Disney, “, Bob Iger, Chris Winfrey, ” Organizations: CNN, Disney, Charter Communications, US, NFL, ABC, ESPN, Labor, Charter, Warner Bros, Paramount, Comcast, Fox Corporation, Hulu, FuboTV, Walt Disney Company, ”

☆ 'Rich Men North of Richmond': A virtually unknown conservative singer just rocketed to the top of the charts
▼ + stars: | 2023-08-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —The right-wing media universe is maturing — and finding great success — beyond typical news commentary. That’s quite a feat, considering singer Christopher Anthony Lunsford was virtually unknown just weeks ago. It’s also illustrative of the power amassed by right-wing media forces, taking unknown quantities and churning them out into overnight blockbuster hits, a weaponized cudgel against perceived enemies in mainstream institutions. And, while he is a well known country singer, Jason Aldean’s widely criticized “Try That In a Small Town” was not much of a commercial success until it was boosted by right-wing media to the top of the Billboard charts. As conservatives increasingly see legacy media companies and performers as not only disagreeable, but outright evil, it makes sense that they would look toward outsiders to fill their entertainment needs.

Persons: Oliver Anthony Music’s, “, Christopher Anthony Lunsford, Lunsford, Taylor Swift, Morgan Wallen, Olivia Rodrigo, Miley Cyrus, It’s, Donald Trump, Tom Cruise, Jason Aldean’s Organizations: CNN, North, Billboard, Fox News, Trump, Daily, Disney Locations: Richmond, Washington

☆ Fairy-tale ending will elude Disney in India
▼ + stars: | 2023-08-11 | by ( Shritama Bose | ) www.reuters.com time to read: +4 min

MUMBAI, Aug 11 (Reuters Breakingviews) - India has lost its magic for Walt Disney (DIS.N). Even if boss Bob Iger can find a buyer or joint venture partner, a fairy-tale ending will elude the Magic Kingdom. The combination of changing viewing preferences and Disney’s own conservatism in streaming puts Disney India in a weak spot. The average monthly revenue per subscriber held steady at 59 cents, compared to $7.31 per subscriber in its domestic Disney+ business. Disney is exploring strategic options for its Star India business, including a joint venture or a sale, the Wall Street Journal reported on July 11, citing unnamed people familiar with the matter.

Persons: Walt Disney, pare, Bob Iger, Iger, Mukesh, Ambani, JioCinema, Una Galani, Katrina Hamlin Organizations: Reuters, Fox, Kingdom, Netflix, Indian Premier League, HBO, Disney, Disney India, Walt Disney, Star India, Wall Street, Thomson Locations: MUMBAI, India, U.S, Mumbai, United States, Canada

☆ The era of cheap streaming is officially over
▼ + stars: | 2023-08-10 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

“The advertising marketplace for streaming is picking up,” Iger told investors on the quarterly earnings call. The announcement puts to an end much of the initial allure that led to the popularity of streaming. That served as the genesis of the streaming era, with legacy entertainment companies such as Disney racing to launch their own direct-to-consumer products at unsustainably low costs. Couple that reality with the introduction of ads into streaming and the end product eerily resembles on-demand cable. It’s an ironic end to the streaming wars.

Persons: CNN —, pesky, Bob Iger, Iger, ” Iger, “, ” Organizations: CNN, Netflix, Disney, Hulu, Media, Paramount, Warner Bros Locations: Magic

☆ Morning Bid: Banking news unnerves ahead of US CPI
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mark Makela/File PhotoA look at the day ahead in European and global markets from Brigid RileyMarkets have a full plate on Wednesday, taking in China's disappointing inflation data while awaiting tomorrow's U.S. CPI report, and processing a surprise banking windfall tax announcement from Italy. The banking sector in Europe is still reeling after Italy unexpectedly approved a 40% windfall tax, although authorities added in a statement on Tuesday that the new tax could not breach 0.1% of a lender's total assets. European markets will be on guard for similar moves in other countries. Eyes are turning to the fast-approaching U.S. inflation report after mostly dovish comments from several Fed officials this week. Dutch supermarket chain Ahold Delhaize (AD.AS) and Germany-based E.ON (EONGn.DE), Europe's largest energy company, also announce earnings.

Persons: King of Prussia, Mark Makela, Brigid Riley, there's, Ahold, Edmund Klamann Organizations: King of Prussia , Pennsylvania U.S, REUTERS, Brigid Riley Markets, U.S, CPI, Walt Disney Co, E.ON, Reuters Graphics Reuters, Illumina, Walt Disney, Thomson Locations: King, King of Prussia , Pennsylvania, Brigid, Italy, Europe, Asia, China, Germany

☆ DeSantis-controlled Disney World district abolishes diversity, equity initiatives
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: +4 min

Diversity, equity and inclusion programs were abolished Tuesday from Walt Disney World's governing district, now controlled by appointees of Gov. The Central Florida Tourism Oversight District said in a statement that its diversity, equity and inclusion committee would be eliminated, as would any job duties connected to it. Also axed were initiatives left over from when the district was controlled by Disney supporters, which awarded contracts based on goals of achieving racial or gender parity. The district was controlled by Disney supporters for more than five decades. Before the new board came in, Disney made agreements with previous oversight board members who were Disney supporters that stripped the new supervisors of their authority over design and development.

Persons: Walt, Ron DeSantis, Glenton Gilzean, Gilzean, DeSantis Organizations: Walt Disney, Gov, Central, Disney, Central Florida Urban League, James Madison Institute, American Enterprise Institute Leadership Network, Improvement, Republican Locations: Orlando , Florida, U.S, Florida, Central Florida, American, Orlando

☆ Ashes to Ashes, Disney to Dust
▼ + stars: | 2023-07-31 | by ( Philip Terzian | ) www.wsj.com time to read: 1 min

With streaming disrupting the economics of the TV and film industries, it doesn’t help to alienate your audience with political posturing like Disney has with its refashioning of classic fairy tales including the upcoming 'Snow White.' Images: Disney/Shutterstock/Bloomberg News/Getty Images for CAA Composite: Mark KellyAttendance is declining at the four Disney World theme parks, the Journal recently reported. Average July Fourth wait times at Magic Kingdom were 20 minutes shorter than in 2019. That surprised me as much as it must have disturbed the suits at headquarters. And since I’m not a Disney shareholder, I confess that I took a certain morbid satisfaction in the news.

Persons: Kelly Organizations: Disney, Bloomberg, CAA, Magic

☆ Trouble in the Magic Kingdom? Iger hires former Disney execs as media consultants
▼ + stars: | 2023-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrouble in the Magic Kingdom? Iger hires former Disney execs as media consultantsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Rich Greenfield, LightShed Partners co-founder, joins the show to discuss trouble at Disney.

Persons: Iger, Brian Sullivan, “, Rich Greenfield Organizations: Disney, CNBC, LightShed Partners

☆ How Disney's magical trash tubes ended up in New York City
▼ + stars: | 2023-07-27 | by ( Ryan Bieber | Grant Tyler | ) www.businessinsider.com time to read: 1 min

At Disney World, the Magic Kingdom uses a system of pneumatic tubes to keep trash out of sight for park visitors. While this was supposed to be the future of waste disposal, only one other place in the US uses something like it on a similar scale: Roosevelt Island in New York City.

Organizations: Disney, Magic Kingdom Locations: New York City

☆ Bob Iger moves to calm Disney staff after sparking ‘high anxiety’ over potential sale of TV assets
▼ + stars: | 2023-07-18 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

CNN —Bob Iger is seeking to reassure an anxious arm of Disney’s business. In an off-site meeting on Tuesday, the Disney chief executive spoke to senior leaders of the company’s television businesses, CNN has learned. And it comes as no surprise that Iger believes the content produced by the television production teams holds incredible value. The important question is — and always has been — whether the linear television businesses are crucial to Disney, particularly as Iger positions the company for the future. It’s great to say that the jewel is fun,” the Disney insider said.

Persons: Bob Iger, Iger, CNBC’s David Faber, shockwaves, Faber, “, ” Iger, —, ”, Iger’s Organizations: CNN, Disney, Entertainment, Magic, ABC, Disney Channel, Geographic, FX, Employees, ABC News

Disney wants Judge Margaret Schreiber in Orlando to dismiss a lawsuit filed in May by the Central Florida Tourism Oversight District, which controls development around the company's theme parks. The lawsuit seeks to void "backroom deals" favorable to Disney that the district alleges were struck with a prior district board and in violation of state law. Lawmakers also retroactively invalidated agreements that Disney reached with the prior board on the eve of it being brought under DeSantis's control. Such a ruling would allow the company to focus on its federal case, which claims DeSantis violated the company's constitutional right to free speech. "If Disney's contracts are void, nearly all of Disney's claims in the federal case disappear," the district said in a court filing.

Persons: Octavio Jones, Ron DeSantis, Margaret Schreiber, DeSantis, Disney, Lawmakers, Tom Hals, Deepa Babington Organizations: Walt Disney, REUTERS, Walt, Co, Walt Disney Co, Disney, Central, Republican, Improvement, Thomson Locations: Orlando , Florida, U.S, WILMINGTON , Delaware, Florida, Orlando, Central Florida, Wilmington , Delaware

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