News Bob Iger outlines the need to transform the Walt Disney Company resulting in 7000 job losses and $5.5 billion in cost savings

MagicHappens1971

Well-Known Member
The only thing that will save the parks is a dissolution and sale. The ideal outcome would be for this to happen with OLC being the buyer since they actually care about how the parks are run, care about show, and consistently invest in new capex. I know this was discussed in the past - I would love for it to actually happen.
Isn’t OLC contractually obligated to run the parks to a certain “standard”? One that could be argued is higher than the current one Disney has.
I’m not saying they don’t do it out of their own free will, regardless they are never going to buy the Disney Parks division. Not do I think Disney would be selling it off at any time in the foreseeable future. It’s the only division consistently making money.
 

DCBaker

Premium Member
"The Disney layoffs have hit ABC News.

The broadcast news division has laid off approximately 50 people as part of the company’s planned cuts, with ABC News president Kim Godwin reorganizing her senior leadership team. Godwin announced the changes in a note to staff Thursday morning.

“Throughout the company, teams are being impacted by the downsizing that was announced several weeks ago, including our own ABC News family. While these actions are never easy, they are a necessary step to ensure we’re on solid footing for the years ahead as we chart a sustainable, growth-oriented path forward for the entire organization,” Godwin wrote. “While this is a difficult time for all of us – particularly those directly affected by these tough decisions – it’s important to remember that together, we are resilient, and will emerge from this period of transition stronger than before.”

The new structure will see Katie den Daas become VP of newsgathering; Derek Medina adding oversight of talent strategy, production operations and business affairs; and Stacia Deshishku adding oversight of investigative and enterprise reporting, as well as booking.

As part of the changes a number of senior ABC News staffers are leaving the company, including senior VP of newsgathering Wendy Fisher; senior VP of talent Galen Gordon; VP of talent Mary Noonan; VP of corporate communications Alison Rudnick; senior executive producer Chris Vlasto; executive editorial producer Heather Riley and Los Angeles bureau chief David Herndon."

Full article below.

 

HauntedPirate

Park nostalgist
Premium Member
"While these actions are never easy, they are a necessary step to ensure we’re on solid footing for the years ahead as we chart a sustainable, growth-oriented path forward for the entire organization"

You know what else likes a sustainable, growth-oriented path forward? Cancer. Stock analysts are the creators - they plant the seed in the corporate body. Those who grow it and feed it through their obsession with constant and continued quarterly profit growth, or at least those pushing it, are a cancer to the company.
 
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HauntedPirate

Park nostalgist
Premium Member
Want to know something they could do to entice people to keep coming back?

"Well, I think by this time my staff, my young group of executives, and everything else, are convinced that Walt is right. That quality will out. And so I think they're going to stay with that policy because it's proved that it's a good business policy. Give the people everything you can give them. Keep the place as clean as you can keep it. Keep it friendly, you know. Make it a real fun place to be."

Bob has steered the ship away from this core tenet. Sadly.
 

Elijah Abrams

Well-Known Member
In the Parks
Yes
I doubt he was sincere. He was just verbally jousting with Roberts who was insincerely saying they may buy Hulu.

Roberts is trying to talk up the price and Iger is trying to talk down the price.

In the end, Comcast can force Disney to buy it according to their contract.
He says that "everything is on the table".
 

GimpYancIent

Well-Known Member
"The Disney layoffs have hit ABC News.

The broadcast news division has laid off approximately 50 people as part of the company’s planned cuts, with ABC News president Kim Godwin reorganizing her senior leadership team. Godwin announced the changes in a note to staff Thursday morning.

“Throughout the company, teams are being impacted by the downsizing that was announced several weeks ago, including our own ABC News family. While these actions are never easy, they are a necessary step to ensure we’re on solid footing for the years ahead as we chart a sustainable, growth-oriented path forward for the entire organization,” Godwin wrote. “While this is a difficult time for all of us – particularly those directly affected by these tough decisions – it’s important to remember that together, we are resilient, and will emerge from this period of transition stronger than before.”

The new structure will see Katie den Daas become VP of newsgathering; Derek Medina adding oversight of talent strategy, production operations and business affairs; and Stacia Deshishku adding oversight of investigative and enterprise reporting, as well as booking.

As part of the changes a number of senior ABC News staffers are leaving the company, including senior VP of newsgathering Wendy Fisher; senior VP of talent Galen Gordon; VP of talent Mary Noonan; VP of corporate communications Alison Rudnick; senior executive producer Chris Vlasto; executive editorial producer Heather Riley and Los Angeles bureau chief David Herndon."

Full article below.

Good! ABC needed streamlining. 50 seems like a low number.
 

Eric Graham

Well-Known Member
Ill see movies if they're good. Maybe studios should focus on making movies people really want to see . . . I really don't care whose in it. Had high hopes for Shazam 2, but it got not so great reviews. Seeing Dungeons because it got a good review.
 

jpeden

Well-Known Member
In the Parks
No
Isn’t OLC contractually obligated to run the parks to a certain “standard”? One that could be argued is higher than the current one Disney has.
I’m not saying they don’t do it out of their own free will, regardless they are never going to buy the Disney Parks division. Not do I think Disney would be selling it off at any time in the foreseeable future. It’s the only division consistently making money.

I believe yes they are - and I believe they were a willing buyer when Iger considered selling off the parks during his first tenure.
 

jpeden

Well-Known Member
In the Parks
No
The questions are:

Who would be willing to step up and take ownership of the parks?

Assuming permanent IP use permissions, who would be the creative drivers be? Would you expect the new owner to effectively build their own imagineering team?

I don’t disagree that parks/cruises could be a very successful independent business, but the IP issue alone would make this a nightmare.

They would absorb imaginnering most likely. The IP issue would be the same as it is now - OLC pays a licensing fee to TWDC for the rights and usage of their IP.
 

GimpYancIent

Well-Known Member
B.I. is not going to make his numbers with this miniscule trim here and trim there. He needs to go full Samurai draw his Katana and cut, slice and dice some real reductions. TWDC will not become aerodynamic efficiently with his slow anemic pace of streamlining.
 

Cliff

Well-Known Member
Ever since I was a kid growing up in the 70's, whenever I saw the Disney logo I always immediately thought: "Wow...that logo represents a good company" Yes, Disney has had its ups and downs like any other company. But, no matter how hard it was suffering, I always believed it was still a "good" company. I thought: "Disney is a good company just going through bad times..." This has been the case for me for literally as long as I can remember.

Today?....for the very first time in my 53 years on this planet....I no longer believe that logo represents a "good" company any more. Its a strange feeling for me but I'm starting to believe that Disney has become a "bad" company going through very bad times...and deservedly so.

The bright brand halo and strong customer goodwill that took Disney 100 years to build...has been erroded. Today, it's become all about massive corporate power and influence. Its become a tool for social engineering used by the top people that weild it.

I see the Disney logo.....the very thing that drives ALL of its business units...have a dark black cloud over it. Once you lose that customer trust and respect...how do you reverse that? (If you wanted to)

I dunno....maybe I'm 100% completely wrong and everything is perfectly fine with the company's reputation. Maybe it's just "me" that sees it that way?
 

BaconPancakes

Well-Known Member
Ever since I was a kid growing up in the 70's, whenever I saw the Disney logo I always immediately thought: "Wow...that logo represents a good company" Yes, Disney has had its ups and downs like any other company. But, no matter how hard it was suffering, I always believed it was still a "good" company. I thought: "Disney is a good company just going through bad times..." This has been the case for me for literally as long as I can remember.

Today?....for the very first time in my 53 years on this planet....I no longer believe that logo represents a "good" company any more. Its a strange feeling for me but I'm starting to believe that Disney has become a "bad" company going through very bad times...and deservedly so.

The bright brand halo and strong customer goodwill that took Disney 100 years to build...has been erroded. Today, it's become all about massive corporate power and influence. Its become a tool for social engineering used by the top people that weild it.

I see the Disney logo.....the very thing that drives ALL of its business units...have a dark black cloud over it. Once you lose that customer trust and respect...how do you reverse that? (If you wanted to)

I dunno....maybe I'm 100% completely wrong and everything is perfectly fine with the company's reputation. Maybe it's just "me" that sees it that way?
Corporations can't be good or bad, they aren't are a person and only exist to generate profit. The sooner you realize this the better.
 

Br0ckford

Well-Known Member
The judginess in here.
Awkward Oh No GIF by CBC
 

Lilofan

Well-Known Member
Ever since I was a kid growing up in the 70's, whenever I saw the Disney logo I always immediately thought: "Wow...that logo represents a good company" Yes, Disney has had its ups and downs like any other company. But, no matter how hard it was suffering, I always believed it was still a "good" company. I thought: "Disney is a good company just going through bad times..." This has been the case for me for literally as long as I can remember.

Today?....for the very first time in my 53 years on this planet....I no longer believe that logo represents a "good" company any more. Its a strange feeling for me but I'm starting to believe that Disney has become a "bad" company going through very bad times...and deservedly so.

The bright brand halo and strong customer goodwill that took Disney 100 years to build...has been erroded. Today, it's become all about massive corporate power and influence. Its become a tool for social engineering used by the top people that weild it.

I see the Disney logo.....the very thing that drives ALL of its business units...have a dark black cloud over it. Once you lose that customer trust and respect...how do you reverse that? (If you wanted to)

I dunno....maybe I'm 100% completely wrong and everything is perfectly fine with the company's reputation. Maybe it's just "me" that sees it that way?
Wrong, fyi - the parks are packed with guests.
 

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