Wall Street cheers Bob Iger's return to Disney after Chapek gets ousted in plot twist few saw coming

Disney sent shockwaves through the industry Sunday with its announcement that CEO Bob Chapek is out, and former CEO Bob Iger is back — tasked with turning the faltering company back around. Shares of The Walt Disney Co. are down 40% this year, with the company's financial performance falling well short of Wall Street's expectations.

Bob Iger returns as Disney's CEO, replaces Bob Chapek

Bob Iger is back as CEO of The Walt Disney Company – a position he held for 15 years before stepping down in 2020, Disney announced late Sunday. Iger replaces former CEO Bob Chapek, who stepped down from the position.

Visitors to Shanghai Disney locked in park for COVID-19 testing

“Please return and take a tour in the park," an employee in a mask said to guests in a video on social media. "The park’s gates are all closed temporarily, and you cannot leave now.”

'One of the best days of my life': Stranger takes 100-year-old veteran to Disneyland

Video going viral on social media shows a man approaching a stranger - who turned out to be a 100-year-old veteran - and asking him if he wanted to go to Disneyland. It was the trip of a lifetime.

Abigail Disney takes on family's company in new documentary: 'We have lost the plot'

“I just don’t think it’s a good idea for Disneyland to become a luxury vacation that most Americans can’t access,” said Abigail Disney, the granddaughter of co-founder Roy O. Disney.

Disney+ subscribers will soon have to pay more if they want to avoid ads

Disney said it is raising prices for streaming subscribers in the U.S. who want to watch Disney+ without ads as more viewers switch to what CEO Bob Chapek described Wednesday as the “best value in streaming.”

Walt Disney Co. tells employees it will pay for travel costs for their reproductive care

The Walt Disney Company told employees Friday that it recognizes the impact of the Supreme Court's ruling on abortion – and that it remains committed to providing access to healthcare, including family planning and reproductive care, "no matter where they live."

Disney delaying relocation of employees from California to Florida

The Walt Disney Company said the timeline to move around 2,000 high-paying jobs from California to Orlando, Florida's Lake Nona community has been delayed.

United Arab Emirates bans Pixar's 'Lightyear' from showing in theaters

A social media campaign with the Arabic hashtag “Ban Showing Lightyear in the Emirates” circulated online, and users commented that showing a lesbian couple on screen in the animated film is against their culture and religion.

VIDEO: Fight breaks out at Disneyland on Memorial Day weekend

It’s known as the “Happiest Place on Earth,” but that didn’t stop multiple people from displaying troubling behavior at the Southern California park. In a statement, Disneyland officials said this type of behavior will not be tolerated.

Florida Gov. Ron DeSantis signs bill to dissolve Disney's Reedy Creek Improvement District

Florida Gov. Ron DeSantis signed a bill Friday that would eliminate the Reedy Creek Improvement District – a special independent district established in the late 1960s that has allowed Walt Disney World to govern itself – by July 2023.

Florida Senate signs off on bills targeting Disney

One of the bills targeting Disney would eliminate a decades-old special district that gives it self-governing powers on its Central Florida property.

The Reedy Creek Improvement Act: Little-known Florida law gives Disney total autonomy

A law allowing Disney World to operate a private government in Florida faces opposition from Gov. Ron DeSantis. The governor wants the state legislature to repeal the law after Disney criticized passage of a controversial bill.