Thursday, June 29, 2023

Latest Disney News: Can Disney turn centenary celebration into positive news for shareholders?

Hello cool Aristocats, it’s time for today’s Disney news roundup! As most Disney lovers know by now, the company began celebrating their 100th anniversary starting in January and will continue to do so until the actual anniversary date of October 17. The festivities, officially titled Disney100, involve new attractions like Mickey & Minnie’s Runaway Railway coming to Disneyland California, as well as eight classic films returning to the box office for a temporary theatrical re-release; while the celebration is no doubt spectacular, is it enough to help the company get back on track with shareholders?

It’s no secret that Disney hasn’t been doing as great in the box office this year, and shareholders aren’t too happy with that, nor are they thrilled Disney’s streaming services are losing subscribers and generally under-performing. While a bad box office run isn’t unprecedented — most recently, Disney had a bad run from 2010 to 2013 — it’s becoming increasingly more obvious that it’ll take more than releasing movies like Indiana Jones and the Dial of Destiny to pull the Mouse House out of this predicament.



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