MUMBAI: The Walt Disney Co held its 2025 annual shareholder meeting on Thursday, with boss Bob Iger waxing lyrical about the firm's "perfect marriage of exceptional creativity and groundbreaking technological achievement" which, he insisted, "has always set Disney apart."
"Since the company's earliest years under Walt, technology has always been viewed as a powerful storytelling tool, and innovation has been in our DNA since the start," Iger declared in a video message from Walt Disney Imagineering's headquarters in Glendale, California.
In a move that would make even Darth Vader crack a smile, Iger was joined by a flock of BDX droids—the same mechanical marvels that have been harassing guests at Disneyland—which will soon make their silver screen debut in The Mandalorian and Grogu, next year's highly anticipated Star Wars cash cow.
The mouse house enjoyed a whopper of a year at the global box office in 2024, with Iger crowing about its "outstanding" performance following a reorganisation that "restored creativity to the centre of our studios."
The company's popular franchises brought home the bacon, with Pixar's Inside Out 2, Marvel's Deadpool & Wolverine, and Walt Disney Animation Studios' Moana 2 claiming the top three spots at the box office. Talk about a triple threat.
Disney's critical success was equally impressive. "Our renewed focus on quality over quantity has also resulted in outstanding critical success," Iger boasted, noting that the company bagged a whopping 60 Emmy Awards, led by Shogun and The Bear. The firm also scooped 15 Oscar nominations, with Kieran Culkin winning Best Supporting Actor for his turn in Searchlight Pictures' A Real Pain.
Looking ahead, Iger dropped a bombshell: a sequel to Coco, Pixar's 2017 Academy Award-winning tearjerker, is in the works. "While the film is just in the initial stages, we know it will be full of humour, heart, and adventure," he said, no doubt sending Mickey-shaped dollar signs spinning in shareholders' eyes.
The Disney chief was keen to remind everyone that all these cinematic delights "will all be accessible on Disney+," expanding the firm's "rich library of a century's worth of storytelling."
"By giving subscribers the option to watch what they love most from across the worlds of Disney, all in one place, we are turning Disney+ into the ultimate streaming destination," Iger declared.
With the recent additions of Hulu and ESPN tiles on Disney+, the company has created what Iger calls a "seamless streaming experience" that is "both convenient and user-friendly." And when ESPN's new direct-to-consumer offering launches in early autumn, subscribers can access the full suite of ESPN's networks from inside Disney+. How thoughtful.
Turning to Disney's Experiences segment, Iger was practically bursting with excitement. "Last year we talked about our plans to turbocharge growth in this segment through strategic investments. Today I'm proud to share some of what we've been up to," he gushed. "Right now, we have more projects underway around the world than at any time in our history."
The Magic Kingdom is undergoing its largest expansion ever, including a new area inspired by Cars and a much-anticipated Villains-themed land where guests can presumably pay $15 for a villain-themed ice cream while queuing for three hours.
A Monsters Inc. themed land is coming to Hollywood Studios, featuring the company's first-ever vertical lift coaster (guaranteed to make your wallet feel lighter than your stomach). Meanwhile, a new Tropical Americas land is headed to Disney's Animal Kingdom, with attractions based on Encanto and Indiana Jones.
Disney Cruise Line is also expanding, which will allow the company to "double our capacity to reach millions more people around the world," according to Iger. Because nothing says "magical experience" like being trapped on a boat with thousands of screaming children wearing Mickey ears.
Iger also took time to highlight Disney's charitable efforts, noting that in the wake of the devastating wildfires in Southern California, the company committed $15 million to recovery efforts.
"We remain the No. 1 wish-granter in the world for children facing critical illness, and on average Disney grants a child's wish every hour of every day," he said, temporarily making even the most cynical shareholders feel warm and fuzzy.
Iger concluded his remarks by returning to technology: "Thanks to modern technology, there's never been a better time to be a storyteller," he said.
Or, indeed, a Disney shareholder.
