This past week, the actors union (SAG-AFTRA) also went out on strike against the industry. Indeed, getting the company back on track has been further complicated in the months since Bob Iger retook the helm: the State of Florida acted against the company by legislating away the Reedy Creek Improvement District, and even before the contract extension, the Writers Guild of America went out on strike against the television and film industry, including Disney. As you may recall, when he was brought back to the company out of retirement this past fall to replace his successor Bob Chapek, his contract was set at two years ending in 2024, and he was tasked with not only getting the company back on track but with succession planning for the future of the company.įor those of us who regularly observe the company, it wasn't particularly surprising that the original two-year term wasn't considered long enough to deal with the company's many financial and brand issues. Since we were last together in the Update last week, the Board of Directors of The Walt Disney Company announced that it had extended the contract of CEO Bob Iger by two years, which brings his term to the end of 2026. For Instagram, Facebook or Twitter posts embedded in the Update, you can click them and view images or videos on the respective sites too. You can view a larger version of the individual photos included in the Update by clicking on the photo the photo will open in a separate tab without a caption (or, for Disney Parks Blog photos, the article cited will open).
Walt Disney World Resort Update for July 18, 2023
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