I think the annual pass will be gone. It sorta flies in the face of what they are trying to do(if reports are accurate) in curating a certain more lucrative visitor.
As it is explained in the video, they have no problems filling the parks. That was the entire point of AP's 20 years ago to make sure they keep attendance sustainable. Disney absolutely unequivocally does not need that carrot on the stick any longer to beg people to come.
So what Mickey Views is saying is that they are more interested in targeted attendance than catering to swarms of people, a small percentage of which are actually buying merch and buying expensive food/drinks. They DO NOT want AP's who are, by disney's standards, essentially visiting the parks for free and spending no money.
I am sure their internal numbers have shown this to be true for 5+ years now but they are using Covid as an excuse to finally make the changes they always wanted to do. Also I believe Chapek has a particular hand in this coming from the parks, I believe he has been salivating to do this and now has the power and conviction to do so. It's like a perfect storm.
Perhaps, I'm not 100% sure for Disney World though. I read somewhere too that
Disneyland had a lot more AP holders than Disney World does and it was a much larger problem for Disneyland (unfortunately can't find the link). Disney World gets a ton of people visiting from around the world, while Disneyland is primarily a locals park is what the article said and as such there were generally a lot more AP holders than ticket holders attending the park. DW also doesn't have grandfathered APs like Disneyland did where people had free parking and all kinds of other benefits that Disney wanted to get rid of. There are only a few tiers of APs at DW.
As such, APs are not as big of an issue for DW.
But if you think about it, at DW they've already limited AP holders a lot with the Park Pass system since you're limited to only 3 days reserved at a time - and they completely control how they distribute park passes. Lots of people booking at the hotels, lots of ticket sales? They can move Park Pass allocation away from APs and over to the "profitable customers". Don't have enough paid ticket holders or resort guests? Add more capacity to AP holders to get up to the capacity you want - less profitable, but better than running the park at a lower capacity.
We have no idea how the distribution works - and you know Disney is now using it to maximize profits. Sure they are allowing some APs everyday, but they can control that flow.
There may have originally been good intentions in introducing it, but keeping it past 2021 means that it works better than FastPass+ at predicting attendance (technically it tells you exactly what attendance will be like for any given day) and has the ability of controlling which guests come to the park. Best of all, Disney doesn't have to give guests anything in exchange for the Park Pass.
Perhaps they'll modify AP tiers to squeeze even more profits out of them - it wouldn't surprise me at all. But at this point they can control capacity and ensure max profits from the "good guests".
