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' Disney's Q1 2022 Earnings Results Webcast,' Download Transcript. ' Frequently Asked Questions,' Select 'How much does Disney+ cost?' ' The Walt Disney Company Reports First Quarter Earnings for Fiscal 2022,' Pages 1, 5.ĭisney+. ' Statement on Disney’s Support for the LGBTQ+ Community.' ' Governor Ron DeSantis Signs Legislation to Create Lawful Congressional Districts and Remove Special Interest Carveouts.' Įxecutive Office of the Governor of Florida. ' The Walt Disney Company Reports Second Quarter and Six Months Earnings for Fiscal 2022,'. ' Investor Relations: Annual Reports,' Download '2021 Annual Report,' Front Page, 31. ' Susan Arnold to Succeed Bob Iger as Chairman of the Board of The Walt Disney Company.' ' Investor Relations: Annual Reports,' Download '2021 Annual Report,' Front Page. ' Investor Relations: Annual Reports,' Download '2021 Annual Report,' Pages 3-17, 23. However, by late April, Disney reminded Florida of its billion-dollar bond debt would need to be resolved before the state could move forward. Disney did not comment immediately on the legislation abolishing its Reedy Creek special taxing district. Disney's policy shift brought condemnation from conservatives, including some who warned the company's business interests would be in jeopardy as a result. After protests from Disney employees opposed to the legislation, Chapek apologized and promised the company would lobby against the passage of similar laws in other states and would pause its political donations in Florida, which had mostly gone to Republican politicians in recent years. Disney initially opted not to join the many other large companies opposing the measure.

Opponents of the law have argued it fosters discrimination and hate. Passage of the Florida bill abolishing Disney's Reedy Creek special taxing district follows Disney's opposition to a new Florida law barring public school instruction about sexual orientation and gender identity for students in grades K through 3, and restricting it for other grades to 'age-appropriate' presentations as specified by school boards, subject to lawsuits by parents. Disney Genie+ is the advanced version, available for $15 per ticket per day, which also allows users to use the Lightning Lane (previously known as the FastPass program) for faster access to several attractions per day. Disney Genie is a complimentary service which provides personalized itineraries and planning for a Disney resort visit. Notably, it has introduced Genie and Genie+ services, which are available via a mobile app.

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The advance registration system is new and allows visitors to book reservations up to several months in advance.ĭisney has also changed its ticket options and services recently. Guests are not currently required to provide proof of vaccination. Face masks are strongly recommended for all indoor settings and required for all guests ages 2 and up on Disney shuttles and at first aid stations. Guests must have an advance ticket reservation. Many Disney parks and resorts around the world are open and serving customers following a number of closures throughout the early part of the COVID-19 pandemic. The action followed Disney's opposition to a new Florida law restricting public school instruction about sexual orientation and gender identity. Florida Governor Ron DeSantis signed the measure on April 22. On April 21, 2022, the Florida legislature passed a bill eliminating the special district used by Disney to provide most municipal services at its Walt Disney World in Florida, which exempted operations from local regulation.On April 29, 2022, Disney announced that Chief Corporate Affairs Officer, Geoff Morrell, would be immediately leaving the company after having only been named to the position in December.Its 'Parks, Experiences and Products' segment revenue of $6.7 billion, somewhat exceeded expectations. Its adjusted EPS and revenue of $1.08 and $19.2 billion, respectively, missed analysts' expectations. On May 11, 2022, Disney released its Q2 FY2022 earnings report.Disney made headlines in opposing a new Florida law restricting public school instruction on sexual orientation or gender identity, and again when the Florida legislature voted shortly after to abolish the special tax district allowing Disney to carry out some local government functions at its Disney World resorts near Orlando.For its Q2 FY 2022, ended April 2, 2022, Disney reported net income of $597 million on revenue of $19.2 billion.

Disney's primary rivals include media and entertainment companies like Paramount Global ( PARA), Comcast Corp.

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Disney is a global entertainment company operating theme parks, resorts, movie studios, broadcast TV networks, and a cruise line.