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News! Analyst Downgrades Disney’s Stock Rating Due To Leadership Changes

We reported yesterday that The Walt Disney Company shifted around their executives to form a new leadership team.

@joshdamaro on Instagram

This change-up moved Josh D’Amaro to the Chairman of Disney Parks, Experiences, and Products, and named new presidents for both Disney World and Disneyland. Former Disneyland President, Rebecca Campbell, is stepping into the role of Chairman for the Direct-To Consumer sector and analysts shared their concerns with this recent change.

Campbell is taking over the chairman role previously held by Kevin Mayer. However, Mayer recently stepped down to become the CEO of TikTok and COO of its parent company.

According to the Hollywood Reporter, Loop Capital analyst, Alan Gould, downgraded his rating of Disney from “buy” to “hold.” He explained by stating, “we believe the bounce-back from the pandemic will take longer than the Street is currently estimating, the stock is approaching our price target, and the uncertainty is exacerbated by the loss of Kevin Mayer.”

Jesse Grant/Getty Images for Disney

He referred to Mayer as “”the architect of the Disney+ launch” and Bernstein analyst, Todd Juenger, referred to Mayer’s successor, Campbell, by stating, “She joins the business at a moment where the already thin original content pipeline has dwindled to essentially ‘nothing.’”

He continued, “There are also vitally important strategic decisions to be made on the future of Hulu…She will not have the luxury of time to contemplate most of these tough decisions.”

@rebeccacampbelldisneyland on Instagram

Jeunger also posed questions about the changes including “Why put somebody from parks in charge of the future of streaming? Given the crucial and transformative role of streaming to Disney’s future, many investors were surprised that Disney didn’t name someone from the streaming side as CEO. Now, Disney hasn’t even named someone from the streaming side to be in charge of streaming.”

©Disney

Juenger continues to explain that if Disney had looked for someone with a deeper streaming background, the “very short list” would have been expensive individuals who are not looking to change jobs right now. He stated this was a “cold comfort for nervous investors who now have a surprise departure and unfamiliar replacement in charge of the division most associated with Disney’s future.”

©ESPN

Juenger explained that investors are already concerned about a new risk that they are unfamiliar with. He expressed concern with Disney’s limited “visibility” for roles apart from CEO and CFO, so he is hoping Disney will work to connect Campbell with investors to help ease their uncertainty during this transition.

What do you think of the new Disney Company transitions? Let us know in the comments!

Related posts:

  1. News! Former Disney Chairman Named CEO of TikTok
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  3. Bob Iger Comments Reveal How Set-Backs Could Affect The Walt Disney Company Long-Term

From our friends at www.disneyfoodblog.com
Filed Under: Disney News, disney parks, Disneyland, Featured, News, Disney, Disney Company, disney plus, disney streaming, Disney World, disney world president, disneyland president, Disneyland Resort, espn, Hulu, josh d’amaro, kevin mayer, Rebecca Campbell, streaming, the walt disney company, walt disney company, Walt Disney World

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Disney Merch Other

Meet The Mickey Mouse Accessory You Didn’t Know You Were Missing!

Who’s the leader of the club that’s made for you and me? M-I-C-K-E-Y M-O-U-S-E, of course!

general

Mickey Mouse

And our main mouse got a makeover with this new bag you have to see to believe!

Say hello to the new Mickey Mouse 3D Head Crossbody from Danielle Nicole!

©Danielle Nicole

This faux leather 3D purse is $68 and modeled after one of the most recognizable shapes on the planet: Mickey Mouse’s head. It comes with an adjustable strap and a spacious interior compartment.

©Danielle Nicole

You can pre-order now, but this 3-D wonder will begin shipping on June 29th! So whether you’re visiting Disney Springs or chillin’ at home — now’s the time to get your perfect matching outfit ready to show off this new bag!

Which Disney character would you want to see next from Danielle Nicole? Let us know in the comments!

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From our friends at www.disneyfoodblog.com
Filed Under: disney merchandise, Disney News, Featured, News, Special Stuff, 3d, bag, crossbody, danielle nicole, Disney, Disney merchandise, disney shopping, merchandise, mickey, Mickey Mouse, mouse, purse, shopping

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Disney Business Disney News Disney Parks

News! Earl of Sandwich, Chicken Guy!, and Planet Hollywood in Disney Springs Share New Safety Protocols

Disney Springs is planning to start Disney World’s phased re-opening tomorrow, May 20th.

Chicken Guy!

We’ve been keeping you updated with all of the restaurants that plan to re-open tomorrow, but Earl of Sandwich, Chicken Guy!, and Planet Hollywood just released more information on how they plan to protect guests at the re-opening.

Earlier today, we got a sneak peek of what Disney Springs’ new health and safety protocols look like in practice, but now we know more about how Earl of Sandwich, Chicken Guy!, and Planet Hollywood will adapt their restaurants with extra safety procedures.

Planet Hollywood

These restaurants will first protect guests by enforcing extra safety measures with their employees.

All employees will be required to undergo health checks each day, wash their hands every 20 minutes for 20 seconds, wear personal protective equipment (where appropriate), undergo enhanced training on sanitation and social distancing.

Chicken Guy!

The restaurants will also work with their vendors to ensure they are following similar precautions and will remind employees of these standards at the beginning of each shift.

The restaurants have modified the guest experience by transitioning to single-use menus, installing sanitizer dispensers, and updating the dining room floor plans to promote social distancing. They will sanitize and disinfect tables after each party and will sanitize throughout the restaurant frequently.

Guy’s Favorite Sauces

You can read more about Earl of Sandwich’s opening here, Chicken Guy’s here, and Planet Hollywood’s here. We will continue to keep you updated with the latest and be sure to tune in tomorrow for our live coverage from Disney Springs!

Which of these three restaurants is your favorite and why? Let us know in the comments!

Related posts:

  1. News! Earl of Sandwich Is Opening With Disney Springs on May 20th!
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From our friends at www.disneyfoodblog.com
Filed Under: Counter-Service, Disney Springs, Featured, Table-Service, Walt Disney World, advance dining reservation, Chicken Guy!, dining, Disney, disney dining, disney reservations, disney restaurant, disney springs, disney springs dining, disney springs reopening, disney springs restaurant, Disney World, Disney World reopening, disney world resort, Earl of Sandwich, Planet Hollywood, reopening, table service dining, walt disney world resort

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Disney Parks Other

SeaWorld Orlando Tested Their Mako Coaster With Masked Riders Today!

Although Disney Springs is set to begin a phased re-opening tomorrow, May 20th, and Universal Orlando’s CityWalk has re-opened to the public, Florida’s major theme parks still remain closed.

©SeaWorld

No opening dates have been announced for Disney World, Universal Orlando, or SeaWorld Orlando, but SeaWorld appears to already be prepping for guests to return.

The Orlando Sentinel spoke with Dan Leavelle, who was passing by the park earlier this morning. He caught a glimpse of one of the park’s coasters, Mako, racing around the track carrying masked passengers.

Mako Coaster in SeaWorld Florida ©DanLeavelle

The coaster reaches 73 miles per hour and features a 200 foot drop. Leavelle reports he watched for about an hour and through about 30 run-throughs, he didn’t see any masks fall off. Dan Leavelle runs Midway Mayhem and posted a video of the test runs on his YouTube.

©SeaWorld

A SeaWorld representative confirmed the park was testing the coaster, but did not have any additional information on a re-opening timeline. We will keep you updated as we learn more about SeaWorld, Disney World, and Universal Orlando’s re-opening dates!

Would you ride a coaster if masks were required? Let us know in the comments!

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From our friends at www.disneyfoodblog.com
Filed Under: Disney News, Featured, News, CityWalk, coaster, Disney, disney springs, Disney World, florida, mako, Orlando, re-open, re-opening, reopen, reopening, seaworld, SeaWorld Orlando, theme park, Universal, Universal CityWalk, universal orlado, Walt Disney World

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Disney Parks Other

Three Surprising Things We Weren’t Expecting to See at the Disney Springs Preview

Recently, we shared a sneak peek of what Disney Springs will look like tomorrow when some of its third-party restaurants and stores reopen thanks to a special media preview that took place earlier today.

Disney Springs

But while we were ready to see temperature screening areas and increased signage based on our experience at Universal CityWalk Orlando as well as the safety guidelines previously issued by Disney Springs, there were still a few surprises mixed in!

Trash Can Lids Have Been Removed

For guests’ and Cast Members’ safety, you’ll notice Disney Springs has their trash can lids so that disposing of trash will now be hands-free.

Water Fountains Are Turned Off

Another thing that was mentioned at the Disney Springs preview is that water fountains have been shut off completely for the time being. We’re expecting they’ll be covered in some way to indicate they’re currently out of service. So far, Disney has installed several handwashing stations (like the ones we saw appear in the parks shortly before the closure began).

We’ll be curious to see if Disney Springs provides an alternative source of drinking water, such as portable water stations.

Dedicated Team of Greeters

And while we had an inkling Disney would be training a specialized team of Cast Members, we didn’t know just what to expect.

©Disney

Click here to learn more about Disney’s new health and safety team!

But today we were introduced to a new team are called Greeters, comprised of Resorts Children’s Activities Cast Members.

They’ll be helping guests in fun and caring ways while ensuring that guests are maintaining health and social distancing guidelines while roaming Disney Springs!

From our friends at www.disneyfoodblog.com
Filed Under: Counter-Service, Disney News, Disney Springs, Featured, Walt Disney World, cast members, disney springs, Disney World, Disney World Cast Members, greeters, may 20th, phased reopening, safety ambassadors, surprising facts, trash can lids removed, turned off, water fountains