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Walt Disney’s chief executive and its CFO said the dramatic spike in Florida COVID-19 infections last month right when Walt Disney World reopened have resulted in higher cancellations at the park than they'd first anticipated  – and their expectations weren’t all that high to begin with. CEO Bob Chapek and chief…

Refresh for updates: On Disney’s 3Q earnings call Tuesday, it was announced that Mulan is going to Disney+ on September 4. Specifically, Disney will be releasing the film theatrically in certain markets where the studio currently has no announced launch plans for Disney+ and where theaters are open (i.e., China). The…

Walt Disney said revenue last quarter was $11.87 billion, lower than expected and down 42% from the year before with the theme park division taking a $3.5 billion hit. But diluted earnings per share (EPS) after items came in at $0.08, down from $1.34 the year before but still in positive territory. It beating Wall…

Walt Disney World, the biggest theme park on the globe and arguably the Walt Disney Company's most important asset, opened for business Saturday after being shuttered for nearly four months with a swell of hope and twinge of apprehension. The anticipation has been massive given the symbolic heft of the park, a…

His credentials seemed impeccable. He was 60, a Yale graduate, a former studio chief, a gifted dealmaker and now a newly named company president. But there were a few clouds: He was also a convicted embezzler, a compulsive gambler and his Yale degree was bogus. This was 1981 and David Begelman, the new boss of MGM…

"The recent killing of George Floyd as well as other instances of lethal attacks and harassment of unarmed black citizens in our nation continue to drive outrage and calls for action by people of all cultural backgrounds, including many of our employees," say Disney's CEO, Executive Chairman and SVP and Chief…

Don’t fear, Star Wars fans: You’ll see The Mandalorian season 2 this October on Disney+ as planned. Walt Disney Company CEO, Bob Chapek speaking with CNBC today said that the series wrapped production before the COVID-19 outbreak “and we’ve been in post. They’ll no delays on Mandalorian.” In addition, the new Disney…

Walt Disney CEO Bob Chapek said the company will boost attendance by 5,000 guests week at the Shanghai park which reopened today at 30% capacity with strict social distancing. “We are going to be very prudent and disciplined and then we are going to ramp up and increase. Right now, it's a government cap so the plan is…

Disney CEO Bob Chapek praised theatrical moviegoing during the company’s earnings call Tuesday, but said “case by case” decisions on how films roll out will be made during the COVID-19 pandemic and beyond. “We very much believe in the value of the theatrical experience,” he said in discussing Disney’s fiscal second…

Facing the crushing consequences of the coronavirus pandemic, the Walt Disney Company couldn't sugarcoat the decline of the bottom line in its second-quarter earnings today, but newly minted CEO Bob Chapek asked the company to tough it out. Noting the "very difficult decision" last month to furlough tens of thousands…

Disney’s businesses are taking severe hits from COVID-19, but former CEO Bob Iger joined the company’s second-quarter earnings call Tuesday to deliver a full-throated comeback message to shareholders. “The Walt Disney Co. has proven to be exceptionally resilient” over nearly a century in business, Iger said at the top…