Disney CEO Bob Iger Hints at Huge Disney Park Expansion

Did a recent statement made by Disney CEO Bob Iger hint at a massive Disney Park expansion in the near future, on par with the existing Walt Disney World Resort in Orlando, but the end of DisneylandForward?

With the success of new additions to Walt Disney World, such as Magic Kingdom’s TRON Lightcycle / Run, Pandora – The World of Avatar at Disney’s Animal Kingdom, and the highly anticipated World of Frozen at Hong Kong Disneyland, the next big question on Disney fans minds is: “Will Disneyland get that?” While the original Disneyland Park remains a classic, and Disney California Adventure offers one-of-a-kind experiences, such as Avengers Campus, in its own right, many Guests prefer Walt Disney World when choosing a vacation destination.

Simply based on the property’s size alone, Guests see it as a stronger investment compared to the Disneyland Resort for longer stays, assuming perhaps that with more square footage and two additional gates come more opportunities for entertainment. As a result, Disney Parks has looked into expanding the Disneyland Resort, looking for more space to both dream up new content and clone existing successes for a West Coast market in the US.

Indeed, the Southern California theme park’s smaller stature results in unique limitations, particularly when in comes to new construction, due to both limited additional space and restrictions from the City of Anaheim which regulate which types of expansion Disney could undertake in a specific area of its property. In fact, Disney proposed the DisneylandForward project a few years ago, looking to renegotiate previous approvals from decades past which segregate land based on function (Retail, Theme Park, or Hotel) to allow for new interdisciplinary experiences, or even a third gate, within existing space owned by the corporation.

Announced at the D23 Expo, the lobbying would end the separation of district zones for the Walt Disney Company, even expanding its Park sphere into the current Downtown Disney District. Moreover, Walt Disney Imagineering previously discussed building an immersive Resort Hotel, while Disneyland President Ken Potrock mentioned an all-new theme park following a united storyline, similar to Fantasy Springs, Zootopia, or Pandora’s Avatar experience.

Additionally, Disney Parks Experiences and Products Chairman Josh D’Amaro said in an interview that he remains “very excited about the prospects of what DisneylandForward can mean for the Disneyland Resort – more opportunities to tell more amazing stories, etc.” through immersive retail and dining. However, Anaheim has yet to greenlight the “multiyear public planning effort,” leaving Disney Parks & Resorts to battle “inflexible” district/zoning procedures.

But, has Disney moved past the need for renegotiation? For instance, Iger himself seemed to hint at future expansion of the Disney brand… But did not mention DisneylandForward or Anaheim by name while at the Morgan Stanley Technology, Media and Telecom Conference. As reported by CinemaBlend, Iger stated:

Certainly in Florida, we have a lot of property. We have a lot of opportunity outside the United States. We actually have more opportunity in California than people are aware.

While D’Amaro noted DisneylandForward hasn’t progressed, the Palm Springs-based Cotino community, part of the larger Storyliving by Disney endeavor alludes to future potential outside of the Anaheim Resort for the themed entertainment company in such a large state.

Bob Iger Confirms Disneyland Is Getting Its Own ‘Avatar’ Themed Land

At 4:30 Eastern on Wednesday, February 8, the Walt Disney Company broadcasted a live audio earnings call, during which the first fiscal quarter of the 2023 fiscal year was discussed.

During the call, Disney CEO Bob Iger made some crucial announcements, defined a plan for the Walt Disney Company, and answered questions. He also confirmed that more Avatar content is coming to Disney+ and Disney Parks, including Disneyland.

In the call, CEO Bob Iger stated that James Cameron’s sequel, Avatar: The Way of Water (2022), is shaping up to be “one of the most successful films of the quarter.” Not only that, but the Avatar (2009) sequel has also become the “fourth biggest film of all time globally with close to $2.2 billion earned in the box office to date.”

After this, Bob Iger revealed that the massive success and popularity of the movie “will result in the creation of more opportunities for fans to engage with the franchise.”

Avatar movie

Over at Walt Disney World Resort, Animal Kingdom has been home to Pandora: the World of Avatar for a few years now. The heavily immersive and themed area is one of Walt Disney World Resort’s most impressive additions, and the popularity of the land has only become more popular due to the release of Avatar: The Way of Water.

Pandora - The World of Avatar

Bob Iger also acknowledged this during the earnings call, stating, “They have been doing well at Walt Disney World’s Pandora: World of Avatar, as well as in theaters globally and on Disney+; the first film is delivering very strong numbers.

Then, Disney CEO Bob Iger made the exciting announcement: “Today, I am thrilled to announce that we will bring an exciting Avatar experience to Disneyland. We will be sharing more details on that very soon.”

Pandora World of Avatar

No Price Increases Anytime Soon And Other Updates

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Today the Walt Disney Company held its Q1 earnings call to discuss earnings in the first quarter of fiscal year 2023. While CEO Bob Iger didn’t address any new additions or significant updates during the call, he did hint to some pretty remarkable things that are going to make Disney fans (many who have felt left out for a long time) very happy.

Chief among those is that Iger has hinted that there won’t be price increases coming to the domestic parks anytime soon. This was not a direct quote but one could infer it from statements he made including saying that recent price increases, particularly the December increases (which were put in place before Bob Chapek was fired), “alienated a lot of guests”. He went on to say that one of their core beliefs has always been that the Parks should be accessible to most people, even if it is just a once in a lifetime trip. This is a stark departure from the “playground for the rich only” mentality of Bob Chapek. This leads us to strongly believe that we won’t see steep increases in theme park tickets or resort hotels in the near future.

Disney Enchantment

That’s the good news. The bad news is that the Park Pass Reservation system isn’t likely to go away anytime soon, but we already suspected that. Iger reiterated how integral the reduced capacity in the domestic parks has been for the guest experience. Though he again left cryptic hints about what could be on the horizon saying he is “working with Josh D’Amaro to bring franchises in to increase park capacity without sacrificing guest satisfaction.” He went on to say that they won’t increase capacity without cause but specifically mentioned park additions as means to increase capacity. He cited the Pandora the World of Avatar and Star Wars: Galaxy’s Edge additions and related them to increased peak attendance. Those statements coupled with the blue sky ideas pitched at D23 lead us to believe a new land or addition is coming soon!

All in all this was the most positive we have felt from an earnings call in a long time. Big things seem to be on the horizon and while Bob Iger wasn’t exactly forthcoming with details, he gave enough information to leave us very excited about what is to come. We will, of course, watch these developments closely and bring you updates as they occur.

Disney CEO Bob Iger Announces Workforce Reduction of 7,000 Jobs

At 4:30 p.m. Eastern on Wednesday, the Walt Disney Company broadcasted a live audio earnings call, during which the first fiscal quarter of the 2023 fiscal year was discussed.

During this call, CEO Bob Iger revealed that the Walt Disney Company would experience a workforce reduction of 7,000 jobs, despite earnings that exceeded Wall Street’s expectations.

A reduction of this size effectively removes a little over 3% of the Walt Disney Company’s entire workforce (which consists of approximately 220,000 as of 2022). This massive workforce reduction is in an attempt to cut costs.

To put it plainly, Disney CEO Bob Iger has announced that 7,000 jobs will be cut in order to save billions of dollars. Specifically, the Walt Disney Company is attempting to earn cost savings of $5.5 billion. Of that $5.5 billion, it’s been confirmed that $2.5 billion are being allocated into “non-content costs,” according to Bob Iger. At this time, that’s as specific as the Walt Disney Company has been regarding the “non-content costs” themselves.

Immediately after making the announcement, Disney CEO Bob Iger claimed he did not make the decision to lay off 7,000 employees lightly, saying, “I have enormous respect and appreciation for the dedication of our employees worldwide.”

At this time, we are unsure which branch will be affected by the massive number of job cuts. However, in the fall of 2022, former Disney CEO Bob Chapek had also announced job cuts and had even hinted that more would be coming in the future. It seems that Bob Iger confirmed this during Wednesday’s earnings call.

Bob Iger and Bob Chapek

Although we are unsure of which departments of the Walt Disney Company will take the hardest hits as far as workforce reductions go, we do know that Bob Iger is focused on reorganizing the company into three specific segments: two different entertainment units (one focusing on streaming, film, and TV, and one ESPN segment focused on sports), and one unit focused on Disney Parks, Experiences, and Products.

Bob Iger Fixes Another Major Chapek Era Problem

For nearly three years, Disney fans had almost nothing positive to say about now-fired CEO Bob Chapek. Guests were not happy with Chapek prioritizing profits over everything else. During that time, nearly everything seemed to go downhill at Disney theme parks, including food quality, merchandise quality, cleanliness of the Parks, and functionality of attractions. At the same time, prices for everything from hotels to food and Park tickets continued to climb and reach all-time highs.

Disney Parks were not the only part of The Walt Disney Company that suffered under Chapek’s tenure. Chapek was also unable to secure the release of major films in the world’s second-largest market — China. One of Disney’s biggest moneymakers is the Marvel Cinematic Universe, with the films bringing in more than $26 billion in 2022 alone. However, Disney lost out on billions more because those films did not release in China.

The last Marvel movie released in China was Avengers: Endgame, which came out in 2019 — admittedly while Bob Iger was CEO. During Chapek’s tenure, a number of other Marvel films were released, but missed the Chinese market — Black Widow, Shang-Chi and the Legend of the Ten Rings, Eternals, Spider-Man: No Way Home, Doctor Strange In the Multiverse of Madness, Thor: Love & Thunder, and Black Panther: Wakanda Forever.

Now, it appears that Bob Iger has been able to make another massive move — re-securing Marvel Studios releases in China. According to The Hollywood Reporter, Beijing has lifted its ban on Marvel films and will be showing Black Panther: Wakanda Forever — which premiered worldwide in early November — and Ant-Man and the Wasp: Quantumania.

Black Panther 2, which released across the rest of the world in November, will unfurl in China on Feb. 7, followed by Ant-Man 3 on Feb. 17, day-and-date with North America.

Marvel shared the surprise news Tuesday over its official Chinese social media accounts. The two titles will be the very first movies of Marvel’s Phase 4 to screen in China, as the last approved theatrical releases from the studio were Spider-Man: Far From Home and Avengers: Endgame, way back in early/mid-2019. They also will test how the drought of MCU movies over the preceding years has affected fan sentiment around the franchise.

Black Panther Wakanda Forever

Unfortunately, we do not know how long the ban will be lifted or why Chinese censors banned the films in the first place. Chinese officials have never confirmed what issues they had with the films, which has led to widespread speculation. A couple of the films had brief LGBTQ+ moments, and one — Eternals — was directed by a Chinese woman who was openly critical of the Chinese government.

Marvel films are not the only Disney movies that have been banned recently in Chinese theaters. Lightyear was also unable to air in the country, presumably because of the LGBTQ+ couple featured in the film. Things between Disney and China began to move in a positive direction when China agreed to air the highly-anticipated film, Avatar: The Way of Water, in mid-December.