If you have been following Disney lately in the news, there has been a lot of uproar and public outlash. Besides all the chaos, there also has been some interesting moves and progress Disney has been making as well. Join us today as we recap all the latest Disney news and give our thoughts on each topic.

Chapek Out, Iger In Again:

Under Chapek, The Walt Disney Company faced a number of public controversies and poor decisions. The CEO faced criticism for the company’s stance on Florida’s “Don’t Say Gay” law following reports that the company had funded anti-LGBTQ+ legislators behind the bill, casting doubt on Disney’s pro-LGBTQ+ image. Disney’s position was called out by audiences, several creative talents who’d worked with Disney, charities, and advocacy groups, who further critiqued Chapek’s initial refusal to address the legislation.

Chapek also back when the parks were shutting down for Covid, wanted to lay off a large percentage of staff prior to employment acts and the CARES act being passed which would have helped those laid off with the financial pressures of temporarily losing their jobs. This just goes to show the true colors of Chapek and how all he cared about was money and cutting costs. 

Chapek also proved all he cared about was money when he spiked ticket prices so high while skimping back on products and services offered in the parks. Prices were so high, it made families not be able to afford a Disney vacation. It makes no sense why you would purposely turn away your target market and force them to either not visit Disney or go to you competitors. 

In addition to the various public relations missteps, political controversies, and unpopular business decisions, Chapek contributed to very poor earnings causing Disney shares to drop 41.4% overall for the year.

I seriously hope Disney can get their acts together and can get back on track. It’s a real shame they have fallen so far out of touch from their roots and loyal fans these past few years.

Disney Being Sold To Apple?

There’s been many rumors going around that Disney was going to be sold to Apple then Apple would license the Disney brand to Disney. If you ask me, it doesn’t make much sense to sell a major theme park operator that has a stranglehold on the market to a technology company with parks experience. While Disney leadership keeps denying these rumors, we keep seeing more and more evidence mounting that this could be true. Only time will tell how the company recovers.

Disney Acquires World’s Largest Cruise Ship:

Finally some good news! Recently, Disney purchased the world’s largest cruise ship weighing in at a whopping 208,000-gross-tons! Not only is it the largest, it is also the first cruise in the entire cruise ship industry to be fueled by green methanol, one of the lowest emission fuels available. According to early estimates, Disney Cruise Line expects the passenger capacity to be approximately 6,000 with around 2,300 crew members. 

With the acquisition of this new ship, it will allow DCL to tap into newer markets and destinations it has never sailed to before. Disney will take over construction and finish the project after the ship’s former owner and operator filed for chapter 11 bankruptcy protection just weeks before.

Splash Mountain To Permanently Close:

Yet another Disney classic is set shutter on Jan. 23, 2023 to make way for a newly rethemed ride. Tiana’s Bayou Adventure will be taking Splash Mountains place at both Walt Disney World and Disneyland. The ride is heavily inspired by the culture of New Orleans and the Walt Disney Animation Studios film, “The Princess and the Frog.”

Disney’s “Government” Is No More?

Back when the Walt Disney World resort was being constructed, the land it sat on was nothing more than swamps. Disney had to build all the infrastructure and necessary projects to make the land habitable for theme park and hotel use. In order to do this, Reedy Creek was established in 1967. Reedy Creek is the name for the Reedy Creek Improvement District, a special purpose district that gives The Walt Disney Company governmental control over the land in and around its central Florida theme parks. The district sits southwest of Orlando. Today, the Reedy Creek special district encompasses about 25,000 acres in Orange and Osceola counties, including four theme parks, two water parks, one sports complex, 175 lane miles of roadway, 67 miles of waterway, and the cities of Bay Lake and Lake Buena Vista.

With recent leadership turmoil at Disney and controversial political practices in Florida, Disney’s special governing body may soon be dissolved. The proposed bill declares that any special district created before November 1968 will be dissolved on June 1, 2023. The dissolution of the special district would mean that Orange and Osceola counties take on the assets and liabilities of Reedy Creek. That could lead to higher taxes for those residents to pay off Reedy Creek’s debts and take over the care of roads, policing, fire protection, waste management and more.

Overall, I can honestly understand both sides to the idea of removing Disney’s governing body. If Universal Studios, Busch Gardens, Sea World and countless other Florida based parks don’t have any special governing bodies then why should Disney? After all, does it just give Disney more power and cause there to be an unfair advantage given to Disney? 

However, on the flip side, we can clearly see why this special body is needed and why it would be a bad idea to abolish it. Obviously, there needs to be an authority to oversee all the infrastructure, safety and responsibilities of the area. If this body is totally abolished all the costs and debt will need to be taken over. One possible fair solution would be if the state of Florida took over the body and made it a state run agency this way everything is looked over and it takes away any special advantages Disney is given over the other parks in the area.