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Disney doesn’t seem too worried about the tariffs on Chinese goods this week — after CEO Bob Iger was reportedly freaking the F out about them last week.
Disney CEO Bob Iger allegedly attempted to manipulate media coverage by showing up unannounced at an ABC News editorial meeting to push for specific tariff-related reporting.
Despite public claims of tariffs being an “inconvenience,” Disney’s business is heavily dependent on China for theme park merchandise, steel for cruise ships, and technology, potentially impacting their stock price and long-term viability.
Disney’s theme parks in China are majority-owned by the Chinese government, with Disney only receiving a portion of profits, complicating the impact of tariffs on their theme park business.
The Chinese government’s retaliation against American movies by limiting their release could significantly affect Disney’s overseas box office revenue, particularly for anticipated films like Zootopia 2 and Avatar: Fire and Ash.
Disney’s cruise ship construction relies on Chinese steel, potentially forcing the company to scale back spending if tariff-related costs increase substantially.
Insiders reveal that Disney executives are panicking about tariffs and attempting to downplay public concern, while the company’s stock price has already suffered due to the uncertainty.
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