he Walt Disney Company Board of Directors announced in October that it has extended Bob Iger’s contract as Chairman and Chief Executive Officer through June 30, 2018.
“Bob Iger is the architect of Disney’s current success, with a proven history of delivering record financial results for the company quarter after quarter and year after year,” said Orin C. Smith, Independent Lead Director of the Disney Board. “Mr. Iger’s vision and strategy for the company led to the successful acquisitions of Pixar, Marvel and Lucasfilm, the resurgence of Disney animation, and the dramatic expansion of its parks and resorts around the world, positioning the company for continued long-term growth. Given Mr. Iger’s outstanding record to date, it is obvious that shareholders and the company will be best served by his continued leadership, which is why the Board of Directors has asked him to extend his contract for two years, to June 30, 2018. I am pleased to report that Mr. Iger has accepted.” “I’ve had the privilege of being the CEO of this great company for nine years and am thrilled to have the opportunity to continue through June 2018,” Iger said. “I’m very excited about what lies ahead, including the release of our Star Wars films and the launch of Shanghai Disneyland, and I’m honored to continue working with our talented management team and the 175,000 dedicated people who make this company what it is today.” Since Iger became CEO in 2005, total shareholder return has increased to 311%, compared to just 92% for the S&P 500, and Disney’s market capitalization has risen to $150 billion from $48.4 billion.
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You’ve probably heard about the exciting re-imagining taking place at one of the original Walt Disney World Resort hotels, Disney’s Polynesian Village Resort, and today we have more news to share about Disney’s Polynesian Villas and Bungalows.
Check out this just-released rendering of the new Disney Vacation Club Bungalows, the first of their kind on any Disney property. The 20 Bungalows will sleep up to eight guests each in a home-like setting reminiscent of the South Pacific. My favorite feature though has to be the plunge pool overlooking Seven Seas Lagoon, and the view of the fireworks over Magic Kingdom Park. By Willy D. Disney's Hollywood Studios has been rumored to be completely renovated in the upcoming years. The Park opened 25 years ago and it's now taking some serious changes to re-imagined the amazing park that it used to be.
No official details have been revealed on where or how will the park will change but what we clearly know is that Disney is "revamping" the Studio-Style theme by removing (Early next year) the Sorcerer's hat. The giant blue and gold centerpiece that served for years as the park's logo. We just will have to wait and see how Disney surprises us. Maybe StarWars? CarsLand? |
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