This morning was Disney’s Annual Meeting of Shareholders. Lots of good questions were asked by Shareholders and we’ve collected all the important information for all you Insiders here!
- Anaheim Theme Parks
Disneyland can reopen as early as April 1, however Bob Chapek has announced that due to the amount of time it will take to recall Cast Members to work and retrain them to meet California’s standards it may take some extra time to reopen. Chapek is hopeful to reopen Disneyland and Disney’s California Adventure by late April. An official opening date will be announced in the coming weeks. Also we are all reminded that only California residents will be able to have access to the parks upon inital reopening.
- Disney College Program
A couple of Shareholders also asked about when the Disney College Program would resume and also if there will be a temporary exception for those individuals that have surpassed the age limit and didn’t get to participate last year due to COVID-19. Chapek acknowledged that was a great question (one they hadn’t thought about) and that they will make an announcement on that soon. He also stated that he is hopeful the Disney College Program will be able to resume by the end of this year!
- Disney Cruise Line
Another Shareholder asked Chapek about when the Disney Cruise Lines will resume sailings. Currently the CDC has extended the “no sail” regulations. Chapek is hopeful that sailings may be able to open with limited operations this Fall!
I think it comes as no surprise to hear that Disney+ has been a huge success since it launched! Disney has continued to pass our expectations with giving us original series with Marvel, Star Wars, etc. It was announced during the call this morning that they have surpassed 100 million Disney+ subscribers! Chapek also announced that they plan on releasing 100 titles a year including live action, animation, National Geographic, etc.
- Opening Date for Remy’s Ratatouille Adventure
Exciting news for Epcot today! Remy’s Ratatouille Adventure inside Epcot will be opening October 1 of this year!
Just Announced! Remy’s Ratatouille Adventure will open at EPCOT on Oct. 1, 2021 to help kick off the opening season of the @WaltDisneyWorld Resort 50th Anniversary celebration. Get more details on the @DisneyParks Blog: https://t.co/vU216h8EQa #DisneyWorld50 pic.twitter.com/MrSA5RUBJi
— Disney Parks News (@DisneyParksNews) March 9, 2021
- Bob Iger
If you didn’t know yet, Bob Iger (Disney’s Chairman and former CEO) has announced that he will be leaving The Walt Disney Company. At the end of 2021 he will be officially leaving the company and he also stated today was his last Shareholder meeting. Shareholders profusely thanked Iger for everything he did for Disney in his 47 years with the company. Chapek stepped in and stated that he appreciates Iger’s mentorship and building upon his legacy. Bob Iger will definitely be missed by the Disney family and fans all over the world!
You can listen to full recorded Shareholder meeting here.