BOB CHAPEK

The Walt Disney Co. is planning to invest approximately $60 billion into its theme parks and cruise lines over the next decade, as the company looks to continue growing one of its more successful business segments.

Walt Disney CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year.

Bob Iger will remain as CEO of The Walt Disney Co. through the end of 2026, agreeing to a two-year contract extension that will give the entertainment and theme park company some breathing room to find his successor.

Ongoing strength at its theme parks and an improving streaming business propelled The Walt Disney Co. to higher profits and revenue in its fiscal second quarter.

It’s been six months since Bob Iger canceled his retirement and stepped back into the top role at Disney to right a number of perceived wrongs under his handpicked successor, with one hovering right near the top: reconnecting with the Disney theme park die-hards and restoring their faith in the brand.

Activist investor Nelson Peltz is calling off a proxy fight with Disney one day after newly returned CEO Bob Iger announced a major restructuring of the company that includes thousands of job cuts.

Disney is working on sequels for its “Toy Story,” “Frozen” and “Zootopia” franchises as the company concentrates more on brands that have continued to perform well.

The Walt Disney Co. says it will cut about 7,000 jobs as part of a “significant transformation” announced by CEO Bob Iger.

The Walt Disney Co. is making several changes at its domestic theme parks in order to improve the public perception of its business.

Bob Iger, the enterprising entertainment executive who brought Star Wars, Pixar and Marvel under the Disney marquee and challenged the streaming dominance of Netflix, will replace his handpicked successor, CEO Bob Chapek, whose two-year tenure has been marked by clashes, missteps and a weakening financial performance.

The Walt Disney Co. has posted lower-than-expected profit and revenue for its fiscal fourth quarter.

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Disney said it is raising prices for streaming subscribers in the U_S_ who want to watch Disney+ without ads as more viewers switch to what CEO Bob Chapek described Wednesday as the “best value in streaming.”.

Authorities across much of the Muslim world have barred Disney’s latest animated film “Lightyear” from being played at cinemas after the inclusion of a brief kiss between a lesbian couple.

The Walt Disney Co. is delaying by more than three years the opening of a campus in Florida to which 2,000 workers were being relocated from Southern California to work in digital technology, finance and product development.

Sir Elton John is preparing to say goodbye in fabulous splendor, with the help of a documentary crew and the Walt Disney Co. Disney Original Documentary and Disney+ said Wednesday that the film, entitled “Goodbye Yellow Brick Road: The Final Elton John Performances and the Years that Made his Legend,” will serve as the definitive and official feature on John’s life and career.

A divisive Florida law banning schools from discussing sexual orientation and gender identity in kindergarten through third grade is likely to face legal challenges.

With some workers across the U.S. staging a walkout, The Walt Disney Co. finds itself performing a high-wire act of balancing the expectations of a diverse workforce against demands from an increasingly polarized and politicized marketplace.

On what’s traditionally one of the sleepiest weekends at the movies, the Marvel film “Shang-Chi and the Legend of the Ten Rings” smashed the record for Labor Day openings with an estimated $71.4 million in ticket sales.

Steven Yeun, Nathan Lane, Issa Rae, Robert Pattinson, Janet Jackson, Leslie Odom Jr. and Laverne Cox are among the artists being invited to join the Academy of Motion Picture Arts and Sciences.

A number of states have embraced new federal guidelines that say fully vaccinated people no longer need to wear masks indoors or out in most situations.

Disney’s top executive says the CDC’s decision to ease up mask-wearing requirements for fully vaccinated people is “very big news for us.”.

Disney second-quarter revenue dropped as the pandemic continued to weigh on its parks and theme parks.

In this combination photo, Alan Bergman, left, and Alan F. Horn, attend the premiere of "The Mandalorian" in Los Angeles on Nov. 13, 2019. The Walt Disney Company announced Monday, Dec. 21, 2020 that Bergman has been named Chairman, Disney Studios Content, effective January 1, and Horn will continue to serve as the divisions Chief Creative Officer. (Photo by Mark Von Holden/Invision/AP, file)Walt Disney Co. veteran Alan Bergman has been named chairman of Disney Studios, the company said Monday. “The Walt Disney Studios’ achievements under the leadership of Alan Horn and Alan Bergman have been nothing short of extraordinary,” said Bob Chapek, Walt Disney Co. CEO, in a statement. Bergman has worked at Disney for 24 years and served as president of Walt Disney Studios from 2005 to 2019, helping to integrate Pixar, Lucasfilm, Marvel and Twenty-First Century Fox into the Disney stable of brands.

NEW YORK – The Walt Disney Co.’s streaming plans shifted into hyper speed Thursday, as the studio unveiled a galaxy’s worth of new streaming offerings including plans for 10 “Star Wars” series spinoffs and 10 Marvel series that will debut on Disney+. But Disney also kept its biggest films — including Marvel's “Black Widow," Pixar's “Luca,” a “Lion King” prequel — on course for theatrical release. Jenkins becomes the first woman to direct a “Star Wars” film. Among the “Star Wars” series are two spinoffs of “The Mandalorian,” set during the series' timeline: “Rangers of the New Republic” and “Ahsoka,” with Rosario Dawson. Seven Disney films topped $1 billion worldwide.

ORANGE COUNTY, Fla. – Disney CEO Bob Chapek told investors they are seeing high demand and strong attendance at the parks in Orlando, as first reported by ClickOrlando. Chapek said they are now allowing the parks to have up to 35 percent of total capacity each day, which is up from 25 percent. Additionally, Thursday was the release of Disney’s fourth quarter and full fiscal year earnings. Disney’s quarter four revenues were over 14.7 billion, that’s down 23 percent from last year. The report shows Disney’s fiscal year revenue was 65.3 billion, down about 6 percent from last year.

The company said in August that its Disney Plus service has more than 60 million subscribers, and subscribers to its main combination of streaming services — Disney Plus, ESPN Plus and Hulu — top 100 million. It still plans to launch another international streaming service called Star. Disney has released several major titles on streaming services that would traditionally have appeared at cinemas, like a live-action remake of "Mulan" and the upcoming Pixar film “Soul" that will hit Disney Plus at Christmas. Their primary focus will be on making shows and movies for streaming services, Disney CEO Bob Chapek said in a statement. Disney Plus is considered one of the most successful so far.

NEW YORK – The Pixar film “Soul” will skip theaters and instead premiere on Disney+ on Christmas, the Walt Disney Co. announced Thursday, sending one of the fall's last big movies straight to streaming. The successive delays of the film industry's would-be blockbusters has only made the dire circumstances of movie theaters more acute. Without aid, the organization said, 69% of small and mid-sized movie theater companies will close or go bankrupt. “The stark reality is that many movie theaters will not be able to open again if they don’t receive government help,” says Esther Baruh, director of government relations for the association. It recently announced that it would lay off 28,000 workers, most of them at Disneyland Resort in Anaheim, California, and Walt Disney World in Orlando, Florida.

This combination shows Yifei Liu in the title role of "Mulan," left, and John David Washington in a scene from "Tenet." On Thursday, Christopher Nolans Tenet will arrive in U.S. theaters, the first big movie to head to cinemas since the pandemic began. I didnt expect that many people to show up.More Americans will make their way back to the movies this weekend than any since the pandemic shuttered theaters in March. After debuting in Europe, Canada and Korea last weekend, Tenet on Thursday lands in the 75% open U.S. theaters, along with cinemas in China on Friday. As long as its done in a sensible way.As difficult as the circumstances are, Warner Bros. also sees opportunity.

ORLANDO, Fla. – Walt Disney World is set to once again open its gates to the Magic Kingdom following a lengthy closure due to the coronavirus pandemic. But with most families staying inside and not traveling, how crowded will the theme parks really be when they reopen? Park Capacity Capacity at 25% Magic Kingdom 57,000 people 14,250 people Epcot 34,093 people 8,523 people Hollywood Studios 30,843 people 7,710 people Animal Kingdom 37,671 people 9,417 peopleA park at 25% capacity would mean very minimal wait times. As we can all imagine, visiting a Disney theme park when it reopens will be a new experience for all -- no matter how many times you’ve visited. The Magic Kingdom and Disney’s Animal Kingdom parks will open first July 11, with Epcot and Disney’s Hollywood Studios reopening July 15.