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https://nypost.com/2023/02/17/angry...rn-to-office-plan-could-cause-long-term-harm/

Angry Disney workers warn Iger's return-to-office plan could cause 'long-term harm'​


Thomas Barrabi

Thousands of Disney workers are reportedly pushing back on their boss Bob Iger’s strict return-to-office plan – arguing in a petition that the four-day-per-week requirement will have “unintended consequences” for the company.

The petition has already drawn signatures from more than 2,300 corporate employees across the Mouse House’s businesses, including ABC, Pixar, Marvel Studios and others. Iger’s mandate is set to take effect on March 1.

The disgruntled workers say the mandate is “likely to have unintended consequences that cause long-term harm to the company” by forcing out “hard-to-replace talent and vulnerable communities,” according to a copy of the petition obtained by the Washington Post.

“This policy will slow, or even reverse, our post-COVID recovery and growth by creating critical resource shortages and causing irreplaceable institutional knowledge loss,” the petition adds.

Disney’s return-to-office plan – one of the strictest of its kind in the entertainment media sector – comes as Iger attempts to lead a turnaround at the struggling company. Prior to the change, employees were expected to work on site for just two or three days per week.

Organizers reportedly submitted the petition to upper management alongside hundreds of testimonials from employees affected by the policy change – with some claiming they plan to resign if Iger follows through on its implementation. Others say they feel as though the policy will effectively force them to leave.

Many of the testimonials were submitted by employees who are parents or who described themselves as “neurodivergent” and affected by conditions such as dyslexia, attention-deficit disorder or autism, according to the Washington Post.

The workers want Iger to invest in remote work support for Disney’s workforce while simultaneously fostering a work culture through in-person events and networking opportunities.

“Flexibility at Disney really felt like a fresh start,” the petition added. “Now it feels like we’re moving backwards.”

The Post has reached out to Disney for comment on the petition.

Iger first unveiled plans for a four-day-per-week requirement in January, just weeks after he returned for another stint as Disney CEO.

The Disney boss argued that in-person collaboration is necessary for the company’s revival.

“As you’ve heard me say many times, creativity is the heart and soul of who we are and what we do at Disney,” Iger said. “And in a creative business like ours, nothing can replace the ability to connect, observe, and create with peers that comes from being physically together, nor the opportunity to grow professionally by learning from leaders and mentors.”
 
I laughed at the above article because I knew this would happen.If you were in a traditional office job and covid hit, you got used to working at home. There are definitely many benefits. I believe mostly to the employee, but I don't have any stats to back that up.

Of all the subjects coming up at work, the "back to work" situation is one of the most heated.
 
It is kind of already happening with new content. People are trying to watch as soon as it drops to avoid spoilers (HBO's The Last of Us is the latest craze) and be part of the buzz. I can see a streamer trying to capitalize on a super popular show by restricting to certain times. Even if they waited 48hours after the original airing to put the episode up for everyone else.
totally, I have been chafing about this as waiting until 9pm on Sunday is so hard.... but 8:57pm we are all set up and ready to go for the latest drop!! And yes I will be there at the appointed time as it sucks trying to avoid all the "buzz" the next day
 
I laughed at the above article because I knew this would happen.If you were in a traditional office job and covid hit, you got used to working at home. There are definitely many benefits. I believe mostly to the employee, but I don't have any stats to back that up.

Of all the subjects coming up at work, the "back to work" situation is one of the most heated.
The benefits are huge. No commute means more time the worker gets back, less money spent on gas/car maintenance and food, and one of the biggest ones is being 'available' for child care if, for example, a kid has to stay home from school due to illness. That doesn't mean there isn't drawbacks but they are dwarfed by the positives. If companies want butts in seats at the office they're going to have to come up with a big carrot to lure them in such as the 4 day work week model that's becoming more wide spread in Europe.

DH works in IT and this is one of the biggest sticking points for workers. He gets calls and emails from recruiters weekly and he always tells them, if you're not going to give me $$$ and remote it doesn't matter what the job is, he's not interested. There's actually a few he's scolded for their ridiculous requirements and low pay offers or bait and switch promise of remote, yet they keep calling. All these big layoffs in the industry isn't going to scare them into compliance and raise the stock prices long term, it's going to fast track unionization.
 

The benefits are huge. No commute means more time the worker gets back, less money spent on gas/car maintenance and food, and one of the biggest ones is being 'available' for child care if, for example, a kid has to stay home from school due to illness. That doesn't mean there isn't drawbacks but they are dwarfed by the positives. If companies want butts in seats at the office they're going to have to come up with a big carrot to lure them in such as the 4 day work week model that's becoming more wide spread in Europe.

DH works in IT and this is one of the biggest sticking points for workers. He gets calls and emails from recruiters weekly and he always tells them, if you're not going to give me $$$ and remote it doesn't matter what the job is, he's not interested. There's actually a few he's scolded for their ridiculous requirements and low pay offers or bait and switch promise of remote, yet they keep calling. All these big layoffs in the industry isn't going to scare them into compliance and raise the stock prices long term, it's going to fast track unionization.
Oh I definitely see and experience the benefits. I just don't think most "traditional" (not sure of the best word) companies are going to keep going with remote work. For instance, a corp like Disney has definitely done the homework. There are certain numbers or other factors that are forcing this decision. Has to be. Of course, I don't have that so it is just an assumption, but I don't think these companies are saying "ok, it's 3 years later and we need you back in the space." There is definitely a reason for the employer.

I do agree that for new hires, remote work is going to be a big component of an offer. Young adults especially who are just entering the workforce won't really know life before it.
 
https://deadline.com/2023/02/ant-ma...a-global-international-box-office-1235261913/

‘Ant-Man And The Wasp: Quantumania’ A Tick From $100M Global Through Friday, On Way To $225M+ WW Bow
International Box Office Editor/Senior Contributor
February 18, 2023 9:06am PST

SATURDAY UPDATE, Refresh for latest…: Disney/Marvel’s Ant-Man and The Wasp: Quantumania flew into another eight overseas markets on Friday, taking the international box office cume through yesterday to $52.6M. Globally, it’s just kissing $100M at $98.6M. The full global weekend is eyed at about $225M+, lower than where we saw it coming into the launch, particularly offshore. That’s in part down to the sci-fi elements which are not playing everywhere as we noted might be an issue in our preview. Europe is playing at the top end of the range, and Latin America is on track, though there is softness in Asia Pacific outside of Australia.

In total, the threequel is now buzzing around in 51 offshore markets and, on a like-for-like basis, is so far 30% ahead of the original Ant-Man (+63% when excluding China) and 24% below Ant-Man and The Wasp (4% above excluding China). Both of the earlier installments played during summer.

The numbers above do not include today in China where the Peyton Reed-directed pic again led play; through Saturday it has grossed about $14M. This now portends a full weekend in the low $20Ms there. Similarly, Korea’s Saturday takings are not represented in the figures above. There, AM&TWQ came in at an estimated $2.15M for a local running cume of $5.3M through Saturday.

Notably in Friday openers in Europe, Spain’s launch day was 26% above the last film and 204% over the original. The UK’s Friday came in 201% ahead of Ant-Man and The Wasp and 183% ahead of Ant-Man.

In Asia Pacific, China’s start on Friday was 74% below Ant-Man and The Wasp and 48% below Ant-Man while Japan saw 18% uptick versus Ant-Man and The Wasp and 56% compared to Ant-Man. India came in 53% over Ant-Man and The Wasp and a humongous 650% ahead of Ant-Man.

Through Friday, the Top 10 markets are China ($6.2M), the UK ($4.5M), Mexico ($3.8M), Korea ($3.2M), France ($2.6M), Australia ($2.4M), Indonesia ($2.2M), Germany ($2.2M), Brazil ($1.9M) and Italy ($1.5M).

We’ll have a full update on Sunday.
 
This subject has been done to death, but since it's the LA Times and is DIS' "hometown paper" and does have some bona fides for reporting on the biz, I thought it appropriate to post.

https://www.latimes.com/entertainme...-18/disney-fox-purchase-iger-murdoch-analysis

After cutting 7,000 jobs, some question whether Disney paid too much for Fox properties
February 18, 2023 - 7:00 AM PST
By Meg James

Will The Walt Disney Company’s $71.3 Billion Purchase Of 21st Century Fox Make History A Success?

Or will the 2019 acquisition prove to be Disney CEO Bob Iger’s biggest blunder yet?

Activist investor Nelson Peltz has touched off a spirited debate, condemning Iger’s decision to load up on content for the streaming wars by buying up Rupert Murdoch’s TV and movie studios and other entertainment properties.

Peltz, through his Trian Fund Management, accused Disney executives of displaying “poor judgment” by “materially overpaying for Fox’s assets”. Earlier this month, his firm ended its proxy fight against Disney.

But the hangover from the Fox deal has come into sharp focus this month with Iger’s dramatic plan to cut $5.5 billion in costs, including eliminating 7,000 jobs. It’s one of the biggest cuts in the history of the iconic entertainment company, which cut thousands of jobs following the Fox deal.

Buying Murdoch’s studio undoubtedly allowed Disney to scoop up valuable franchises, including television’s longest-running show, “The Simpsons,” as well as the movie juggernaut “Avatar,” which gave Disney the title “Avatar:” delivered a piece of the $2.2 billion in global box office receipts. The way of water Disney picked up the original “Star Wars” film as well as “X-Men,” “Fantastic Four” and “Deadpool,” allowing those characters to join Disney’s Marvel Cinematic Universe.

National Geographic and FX cable channels, along with proven TV industry leaders, also came on board with the deal.
All have been instrumental in growing Disney’s content pipeline.

But some Wall Street critics argued the acquisition, and the integration of Fox staff and operations into Disney, distracted the Burbank entertainment giant from its core mission of creating high-quality family entertainment.

Cowen & Company media analyst Doug Creutz was never sold on the Fox deal and now partly blames it for Disney’s current troubles, including managing a large portfolio of declining linear cable TV channels and losing billions.

Includes absorbing dollar losses because the company doesn’t make one. But Four Streaming services to compete with Netflix, Amazon Prime Video and others.

In addition to Disney+, Disney also operates the Disney+ Hotstar streaming service in India, along with ESPN+ and Hulu.

“Even without Fox, Disney will still be struggling with linear channels and figuring out how to make streaming profitable,” Kreutz said. “But they would be in a much better position financially, without all this debt sitting on their balance sheet. And they wouldn’t have needed such a massive restructuring.”

Disney declined to comment for this story.

A lot has changed since Iger unveiled his acquisition of Fox in December 2017.

At the time, Wall Street was concerned about the future of streaming companies. Iger and Murdoch initially agreed to a $52.4 billion all-stock deal for Fox, which many observers said would be a coup for Disney.

But Iger found himself drawn into a bidding war by Comcast chief executive Brian Roberts, who offered Murdoch substantially more money. To clinch the deal, Disney eventually agreed to pay $71.3 billion. (In addition, Disney assumed about $14 billion in Fox debt, according to company documents.)

Comcast paid Disney $15 billion for Fox’s ownership stake in Sky.

Antitrust regulators forced Disney to sell another asset — Fox’s regional sports networks that carry local games of professional hockey, basketball and baseball teams. The government refused to allow Disney to own ESPN and more than 20 regional sports channels, so Disney auctioned off the channels for more than $10 billion, including the Yes Network, which carries the New York Yankees. Takes it away.

Deducting the proceeds from the sale of those assets, Disney valued the Fox deal at $57 billion.

“Even that was too much – too much,” said Creutz.

Debt is a critical problem. In a 2018 regulatory filing, Disney said it planned to take on $36 billion in debt to cover the cash portion of the cash-and-stock deal to Murdoch and its shareholders. actually took about $26 billion).

Then, a year after the Fox deal closed, Disney was ravaged by the global pandemic — ravaging theme parks and sports attractions — and it was forced to take on even more debt. Disney’s debt as of last quarter was $45 billion.

When the Fox deal was finalized in March 2019, Iger said in a statement, “Disney and Fox’s unique collection of businesses and franchises allow us to create more engaging high-quality content, enhance our direct-to-consumer offerings and will allow us to expand our international presence.” and deliver more personalized and compelling entertainment experiences to meet growing consumer demand around the world.

Disney also offered Fox library titles to Disney+ International subscribers.

Disney+ has over 160 million subscribers globally.

People close to the company said the Fox deal accelerated Disney’s leap into streaming, giving it an edge over rivals such as Warner Bros., NBCUniversal and Paramount.

Jeffrey Sonnenfeld, senior associate dean of the Yale School of Management, called the Fox deal “fantastic”.

“Was it a high cost? Yes, but you don’t look at the investment as a business expense, but as a return on investment.”
Sonnenfeld said the Fox property could reap unexpected rewards for Disney, and cited an obscure historical reference: the purchase of Alaska from Russia in 1867 for $7.2 million.

“Of course, later gold was discovered there, which led to a gold rush,” Sonnenfeld said. “Can you imagine if [Russian President Vladimir] Putin has control over that real estate now?”

Disney’s purchase of Fox kept assets including popular streaming service Hulu out of the hands of Comcast or any other media foe.

On the most recent earnings call, Iger told analysts that the company will devote fewer resources to creating general entertainment content. But one of the primary arguments for buying Fox was to enhance Disney’s arsenal of general entertainment content.

“It begs the question: So why did you buy Fox?” Creutz asked.

Iger also seems to be questioning the value of Hulu. Disney currently owns two-thirds of Fox, the leading general entertainment streaming service created by NBCUniversal and Disney; Comcast owns the other third.

Earlier this month, Iger told CNBC that ,Everything is on the table” as he looks to make the cut, fueling speculation in Hollywood over Hulu’s future.

Disney has already committed to paying Comcast $9 billion for its 33% stake in Hulu by January. If Comcast were to exercise its option to sell, this would give Disney 100% control, but it could look to sell the platform.

“The question for Disney is: do they want to be a scaled, comprehensive entertainment company or the mother of all niche entertainment companies with family-friendly entertainment,” said Jason Killar, former chief executive of WarnerMedia, which created Hulu. Was. “Either approach can be successful and both involve different ingredients, but that’s the big question that hasn’t been answered definitively.”

Keeler predicted that by the end of the decade, there would be a small group of entertainment companies with the potential to generate more than $10 billion in cash flow per year from their streaming operations.

“If Twenty First Century Fox becomes the difference-maker to help Disney solidify its position in the winner’s circle, it will be worth it,” Kilner said.
 
https://deadline.com/2023/02/ant-ma...a-global-international-box-office-1235261913/

‘Ant-Man And The Wasp: Quantumania’ Flies To $225.3M WW Opening Amid Softness In Asia Pacific – International Box Office
By Nancy Tartaglione
International Box Office Editor/Senior Contributor
February 19, 2023 8:46am PST

SUNDAY UPDATE, Refresh for latest…: Disney/Marvel’s Ant-Man and The Wasp: Quantumania has landed with an estimated $225.3M global opening through Sunday. The split on the Peyton Reed-directed threequel is $104M domestic (3-day) and $121.3M from the international box office.

Internationally, Quantumania is estimated to be 13% ahead of Ant-Man and 27% below Ant-Man and The Wasp on a like-for-like basis. Removing China from the comparison, the opening weekend for Quantumania is 52% ahead of Ant-Man and 5% ahead of Ant-Man and The Wasp.

The four-day domestic start of $118M is the third best President’s Day opening weekend ever. But, as we noted yesterday (see below), the global debut is lower than pre-weekend offshore projections. That’s down to softness in Asia Pacific (outside Australia) and also the deeper sci-fi elements that don’t tend to play there, notably in South Korea and China.

The latter came in with $19.2M, sharply off the low end of the expected range of $35M-$55M. Maoyan gave AM3 a decent score, on par with the previous Ant-Man movies, but the Douban critical note was low and the early Rotten Tomatoes score dampened enthusiasm. There’s also a sense that there may be some fatigue after the Chinese New Year movies while we know that sci-fi of the Star Wars ilk is a hard sell in the market. It’s too early to tell what this may mean for Marvel movies in China — where they had been unofficially banned since 2019, meaning a long gap that could prove challenging. There has been a certain lack of appetite for Hollywood movies in general, but let’s not start clutching our pearls just yet.

Europe played strongly with the UK particularly remarkable at $10.9M

The Top 10 opening markets are China ($19.2M), the UK ($10.9M), Mexico ($8.7M), Korea ($7.2M), Australia ($5.3M), Indonesia ($5.1M), Germany ($4.5M), France ($4.5M), Brazil ($3.9M) and India ($3.9M).

In IMAX, Quantumania grossed $24M globally, 28% higher than the combined worldwide openings of Ant-Man and Ant-Man and The Wasp and is the fourth-best IMAX global start for February. International markets contributed $11.8M through Monday which includes China where the Marvel film grossed $4M in IMAX, repping 21% of the box office.

Meanwhile, Avatar: The Way of Water ($2,243.2M) just edged Titanic ($2,242.8M) this weekend to become the third highest-grossing movie ever worldwide. Internationally, Way of Water is at $1.586B coming out of the 10th weekend and is the third biggest overseas release ever, behind Avatar and Avengers: Endgame.

In total, the Walt Disney Studios has already earned $1.282B in 2023. Of that $383M is from domestic and $899M from overseas.
 
Question to group: What kind of attraction could be done for the parks based on Ant Man? I've not seen any of the movies, and know nothing of the movies.

While I've not done Web Slingers in DLR, it seems to be a very popular attraction. I'll make a point of doing that attraction at our fall visit.
 
Question to group: What kind of attraction could be done for the parks based on Ant Man? I've not seen any of the movies, and know nothing of the movies.

While I've not done Web Slingers in DLR, it seems to be a very popular attraction. I'll make a point of doing that attraction at our fall visit.
In Hong Kong they turned the Buzz ride into an Ant-man one.
 
Question to group: What kind of attraction could be done for the parks based on Ant Man? I've not seen any of the movies, and know nothing of the movies.

While I've not done Web Slingers in DLR, it seems to be a very popular attraction. I'll make a point of doing that attraction at our fall visit.
At Walt Disney World, nothing can be built based on Ant-Man with Universal having the parks rights to him east of the Mississippi.

Disneyland could get something else Ant-Man beyond the restaurant eventually if they wanted.
 
At Walt Disney World, nothing can be built based on Ant-Man with Universal having the parks rights to him east of the Mississippi.

Disneyland could get something else Ant-Man beyond the restaurant eventually if they wanted.
Looking at the aerial photo, there's a parking lot behind Avengers Campus that has quite a bit of room.
 
Looking at the aerial photo, there's a parking lot behind Avengers Campus that has quite a bit of room.
This is where the planned e-ticket is supposed to go. Supposed to be a Rise of the resistance level experince. The building with the Quinn Jet is to be the queue.

EDIT: I believe this was announced by Chapek back when the land opened but gave no timeline. Have also heard Jim Hill and Len Testa talk about it on the Disney Dish. Will be an Avengers theme where the riders help save the world with the heroes. Given the amount of downtime we see with the trackless rides and Rise having that extra level of complexity, will be interesting if it comes anytime soon or at all.
 
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This is where the planned e-ticket is supposed to go. Supposed to be a Rise of the resistance level experince. The building with the Quinn Jet is to be the queue.
Yeah that attraction has disappeared from the discussion since it was announced as on hold by Chapek in 2022 as well as the Mary Poppins attraction in EPCOT.

It’s supposed to be Wakanda focused with the Avengers involved. We’ll see if changes would need to be made with the passing of Chadwick Boseman, and hopefully they announce resumption of progress on it at Destination D23 or sooner, but I’m not getting my hopes up on it either.
 
This is where the planned e-ticket is supposed to go. Supposed to be a Rise of the resistance level experince. The building with the Quinn Jet is to be the queue.

EDIT: I believe this was announced by Chapek back when the land opened but gave no timeline. Have also heard Jim Hill and Len Testa talk about it on the Disney Dish. Will be an Avengers theme where the riders help save the world with the heroes. Given the amount of downtime we see with the trackless rides and Rise having that extra level of complexity, will be interesting if it comes anytime soon or at all.
Just reading up on what was discussed at last fall's D-23, etc. I wonder if Paycheck's move of furloughing all the Imagineers during the pandemic was such a good idea?
 
Question to group: What kind of attraction could be done for the parks based on Ant Man? I've not seen any of the movies, and know nothing of the movies.

While I've not done Web Slingers in DLR, it seems to be a very popular attraction. I'll make a point of doing that attraction at our fall visit.
Could see the imagineers go with a Ratatouille type ride.
At Walt Disney World, nothing can be built based on Ant-Man with Universal having the parks rights to him east of the Mississippi.

Disneyland could get something else Ant-Man beyond the restaurant eventually if they wanted.
This is where I am a bit confused on the rights. WDW got Guardian into the parks bc Universal has no IP for them in their parks. No rides, characters or even pictures. So, how does that apply to Ant-Man? is he represented in anyway at USF/IoA? Or is it bc Ant-Man is listed as an Avenger? There has to be some work arounds.
 
.

This is where I am a bit confused on the rights. WDW got Guardian into the parks bc Universal has no IP for them in their parks. No rides, characters or even pictures. So, how does that apply to Ant-Man? is he represented in anyway at USF/IoA? Or is it bc Ant-Man is listed as an Avenger? There has to be some work arounds.
Universal has the rights to The Avengers, Spider-Man, X-Men, Fantastic 4 of the Comics. Ant-Man falls under that list of characters and may have a cutout or something on display.

List of Characters Disney cannot have in WDW:

 
Universal has the rights to The Avengers, Spider-Man, X-Men, Fantastic 4 of the Comics. Ant-Man falls under that list of characters and may have a cutout or something on display.

List of Characters Disney cannot have in WDW:

Well, if this is the list then Dr. Strange and Loki seems like a no brainer for WDW. Not sure where or how but get them in.

EDIT: You could easily have a Dr.Strange Land. Karmar-taj and/or various Sanctums. Imagineers could have a lot of fun with this concept.
 
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Question to group: What kind of attraction could be done for the parks based on Ant Man? I've not seen any of the movies, and know nothing of the movies.

While I've not done Web Slingers in DLR, it seems to be a very popular attraction. I'll make a point of doing that attraction at our fall visit.
Well, it's too late now but they could have easily reskined the old "Honey, I Shrunk" attractions - there was the playground in HS and the movie based one in Imagination.
 












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