In Disney’s earnings call, Chapek referred to certain guests as “more favorable.” Take a look at who he is referring to here.
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.
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.
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.