In Disney’s earnings call, Chapek referred to certain guests as “more favorable.” Take a look at who he is referring to here.
Earnings Call
The Walt Disney Company reported earnings today for the first quarter and fiscal year ending January 1, 2022. Despite the fact that we are currently in a pandemic, Disney is reporting record revenue and operating income. Check out more information on earnings HERE.
Not only did Disney share earnings but also that a large number of guests are using Genie+. Also, the premiere date for the popular Obi-Wan series on Disney+ was revealed.
Chapek
Bob Chapek took over the reins of Disney CEO from Bob Iger in early 2020. In the past, he served as the business and creative leader for all of the Disney Parks. During his time as CEO, Bob Chapek has seen his fan following diminish. He’s earned a penny pinching reputation with only the bottom line in mind. Not only that, but on the D23 Day in November he was missing from the lineup which surprised fans.
The KtP Writing team arrived at Magic Kingdom at 6:30am on October 1st to see Disney officials brag on fans and celebrate the 50th in grand style. However, that didn’t happen. Disney officials chose to speak in a recorded ceremony the day before. Fans were literally left with gaping mouths as Disney simply performed the Welcome Show that would continue during the entire Disney World 50th celebration.
Latest Comment
Do you have a Disney World Annual Pass? New sales have been few and far between lately. Why did Disney World stop sales of Annual Passes?
Disney doesn’t make enough money on these guests versus guests buying theme park tickets for every visit, according to the earnings call today. Okay, I get Disney makes more money off day tickets. But Chapek took it one step further. He referred to theme park ticket holders as “more preferred guests.”
Chapek theme park ticket holders as “more preferred guests.”
I don’t know about you, but this rubbed me the wrong way. As a Disney shareholder, I get that Disney is responsible for earning a profit. However, it could have been worded better.
What are your thoughts on Chapek and his comments? Please tell us your thoughts in the comments below or on our Facebook page.
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Donna Havrilchak
Friday 11th of February 2022
We've been to Disney World several time and just visited this week. Walt Disney must be turning over in his grave because of what has become of his Dream. It's all about money now. Not affordable for families. Too much taken away. No magic anymore!! Count on extremely long lines unless you're willing to shell out even more money to pay for new fast pass system. Food quality and quantity has gone down and prices jacked up. Costs less to go out of the country or on a cruise.
Robin
Friday 11th of February 2022
I’ve been going to WDW since 1971. I am a Florida resident. We have decided to drop our APs. And we have found we are actually enjoying not having Disney in our lives. There is a lot more out there.
Matt
Friday 11th of February 2022
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