TIME Disney

Disney’s New CFO Is Its Highest-ranking Woman Ever

Christine McCarthy EVP, CRE Alliances & TreasurerThe Walt Disney Comapny
Holly Brobst—The Walt Disney Company Christine McCarthy

The company is sure to earn plaudits for the move

When Disney’s Christine McCarthy was promoted this week to chief financial officer, she didn’t just become the company’s first female CFO. She also became its most senior female executive ever, Bloomberg points out.

Disney made the announcement on Wednesday night in a press release, with CEO Bob Iger saying that McCarthy’s “strong leadership and keen financial acumen make her an ideal” CFO. He continued: “She is highly respected in the finance sector, and in this new role she will have even more impact on creating value for Disney shareholders.”

McCarthy has been with the “Mouse House” since 2005, most recently as an executive VP of corporate real estate and alliances, and treasurer. Disney’s statement credits her with having built the company’s finance team. “I am humbled and honored to be entrusted with the role of CFO of this incredibly dynamic company,” McCarthy said in the statement.

This move is a big deal for women in Fortune 500 C-suites, and it’s likely to bring plaudits for Iger and Disney. Only 24 companies on the Fortune 500 have female CEOs. Facebook COO Sheryl Sandberg sits on Disney’s board of directors, but it has never had a female CFO, or COO. Disney’s most profitable arm is ESPN, which — as a 2012 Fortune story noted — “is male, while much of Disney skews female.” More recently, the Frozen movie, with its two female heroines, has been a revenue bonanza for Disney — it was the highest-grossing animated film of all time and a sequel is on the way.

Disney and its chief executive have been the subject of two major Fortune print features in the past three years: the first, in 2012, focused on Iger’s stewardship of the company and how he built it into the powerhouse it is today; the second, which was the cover of our January 2015 issue, gave an inside look at Iger’s obsession with technology and his involvement with the new Star Wars franchise.

McCarthy replaces Jay Rasulo. Disney announced earlier this month that Rasulo would resign the role, but did not reveal his successor at that time.

Bob Iger, meanwhile, is set to retire in 2018, and there has been speculation over who will be Disney’s next chief. Reports have indicated that Tom Staggs, the company’s new COO, is the obvious next in line; Bloomberg wrote that Rasulo’s resignation ended an apparent “competition” between the two. But with McCarthy in as CFO, might Disney end up with a female CEO?

TIME Disney

Here’s Why Disney Just Banned This Vacation Photo Essential


The company cited safety as the main concern

Disney is the latest company to ban selfie-sticks due to safety concerns, the company said in an announcement Friday.

The popular travel item will be banned from Disney theme parks in Orlando starting Tuesday, and also in Disney water parks, the Associated Press reported.

“We strive to provide a great experience for the entire family, and unfortunately selfie-sticks have become a growing safety concern for both our guests and cast,” Disney World spokeswoman Kim Prunty told the Orlando Sentinel.

According to the publication, guests will have the option of checking the items near park entrances to pick them up later in the day.

This has been an ongoing issue at Disney:

Several incidents preceded the change, but officials have been discussing the rules for some time, Disney said. This week at Disney California Adventure park, a roller coaster was halted after a passenger pulled out a selfie-stick. The ride was closed for an hour.

Apple banned the item from its Worldwide Developers Conference earlier this year.

MONEY Odd Spending

Disney World Is Now Selling ‘Poo’ in Giraffe, Hippo Flavors

girl with licking chocolate off her face
Getty Images

$3.99 a pop—or is it $3.99 a poop?

People will buy pretty much anything. Nowhere is this truism more on display than Walt Disney World, a.k.a. the “Most Magical Place on Earth,” a.k.a. home of the $100+ one-day admission fee.

The latest magic trick being pulled by the world’s most famous theme park destination is convincing guests that they want to buy and eat animal “poo.” At Zuri’s Sweet Shop, appropriately located in Disney’s Animal Kingdom theme park, customers get to choose among four flavors: elephant, hippo, giraffe, and tamarin. In more ways than one: No B.S.!

As the Orlando Sentinel reported, they’re of course not actual steaming piles of manure but chocolate, brownie, and fudge creations. An order of “giraffe” indeed looks like scat—a pile of mushy dark brown balls—but it’s made of chocolate fudge and caramel. “Hippo” consists of chocolate fudge, caramel brownie, peanut butter, and oats.

The gimmick and instant conversation piece is called “Match the Species,” and customers are encouraged to make a game of guessing which faux dung belongs to which kind of animal. “The animal handlers of Disney’s Animal Kingdom worked in conjunction with pastry chefs so that they perfected the look of the animal poop exactly,” the Kim and Carrie blog explained, after sampling Giraffe soon after the items made their debut in mid-June.

The sweet shop doesn’t list the items explicitly as poop or dung. But on customer receipts, your order will be spelled out as, say, “Poo, Giraffe.” Each order costs $3.99. After grabbing a bite, it’s probably appropriate to hit the souvenir shop, where you’ll find lots more crap to buy.

TIME Pixar

Pixar’s Inside Out Just Had a Record-breaking Weekend

Premiere Of Disney-Pixar's "Inside Out" - Red Carpet
Kevin Winter—Getty Images Director Pete Docter, center, and the cast of ‘Inside Out.’

But it couldn’t unseat Jurassic World

Inside Out’s opening weekend may not have been able to unseat Jurassic World, but the animated film from Walt Disney Company’s Pixar studio still posted a record box-office debut.

Inside Out brought in $91.1 million in U.S. ticket sales this past weekend, which gives it the highest-grossing opening ever for an original Pixar film, according to The Hollywood Reporter. The only Pixar movie to score a bigger box-office opening was 2010’s Toy Story 3, a sequel that pulled in $110.3 million.

Released on Friday, Inside Out is a coming-of-age tale that follows five anthropomorphic emotions — Joy, Sadness, Disgust, Fear, and Anger — inside the mind of a young girl. The movie features the voices of comedians Amy Poehler, Mindy Kaling, and Bill Hader.

Jurassic World, another successful sequel, refused to be knocked from its perch atop the box-office rankings in its second week in theaters. The dinosaur thriller pulled in another $102 million this weekend, one week after an opening weekend that included earning a pace-setting $204 million in the U.S. and a record $512 million worldwide. Jurassic World, which is distributed by Comcast’s Universal, now has a domestic gross of $398 million less than two weeks since its release, along with a global box-office haul nearing the $1 billion mark.

The action film’s continued dominance ended one of Pixar’s proudest streaks. Inside Out is now the first Pixar film to not place first at the box office in its opening weekend. Before Inside Out’s Friday release, Pixar had not put out a movie since 2013’s Monsters University, and the animation studio had not released an original film (a non-sequel) since Brave, three years ago.

Meanwhile, Pixar is hoping theater-goers’ interest in dinosaurs holds up through the fall. The studio has another animated film due out in November, called The Good Dinosaur.

TIME movies

Meet the Emotions of Pixar’s Inside Out

Learn more about the stars who bring the new film's emotions to life

Pixar’s new film Inside Out personifies the five major emotions — Joy, Sadness, Fear, Anger and Disgust — residing in the mind of a preteen girl named Riley. Throughout the movie, the five embodied emotions all work to guide and protect her. Take a closer look at the emotions and their voices below.

Inside Out opens in theaters on June 19.

  • Joy

    Pixar/Disney; Getty Images

    Amy Poehler stars as the personification of Joy in Inside Out. She’s the first emotion to manifest itself in Riley’s head and does her best to help her human girl make happy memories.

  • Sadness

    Pixar/Disney; Getty Images

    Phyllis Smith brings a voice to melancholy and despair as the personification of Sadness. None of the emotions, not even Sadness herself, understand why she exists.

  • Fear

    Pixar/Disney; Getty Images

    Fear, voiced by Bill Hader, is on a constant lookout for every possible danger that could befall Riley whether it’s the first day of school or nightmarish clowns.

  • Anger

    Pixar/Disney; Getty Images

    Lewis Black fittingly voices Anger in Inside Out and does his best to protect Riley from injustices like no dessert.

  • Disgust

    Pixar/Disney; Getty Images

    Disgust, voiced by Mindy Kaling, is always looking out for Riley’s best interests like making sure she doesn’t wear tacky clothes or get poisoned by the mysterious green substance known as broccoli (yuck!).

TIME movies

See Concept Art for Pixar’s Inside Out

Take a look at how Pixar brought emotions to life

Inside Out tells the story of a young girl named Riley and the five personified emotions that live inside her: Joy, Sadness, Anger, Disgust and Fear. Take a behind the scenes look at the many concept iterations that Pixar went through to create the personified emotions of Joy and Sadness.

Pixar’s Inside Out opens in theaters on June 19.

TIME movies

Disney Is Working on a Maleficent Sequel

Angelina Jolie Maleficent Disney Portrait 2014
Keith Hamshere—Disney

Angelina Jolie's return is not confirmed yet

Disney is working its magic to create a Maleficent sequel, with screenwriter Linda Woolverton in talks to return to pen the screenplay.

Sources have confirmed The Wrap’s report that Woolverton would be writing the script, with the hopes that Angelina Jolie would return for the live-action fairytale sequel—though Jolie does not currently have a deal with the project.

Joe Roth will be returning to produce; however, Robert Stromberg is not expected to return as director.

Maleficent grossed $760 million worldwide.

This article originally appeared on EW.com.

TIME movies

See A Brand New Trailer For Disney’s Next Animated Film Zootopia

An unlikely pair of animals team up to star in Disney's next film

Walt Disney Animation Studios’ next film Zootopia explores a world where anthropomorphic (meaning they walk on two feet) animals thrive and humans do not exist.

The film stars Ginnifer Goodwin as the voice of Officer Judy Hopps, a rookie rabbit cop, and Jason Bateman as the voice of Nick Wilde, a scam-artist fox who form an unlikely pair to solve a mystery.

Zootopia opens in theaters on March 4, 2016.

TIME movies

A Frozen Ride Is Coming to Disney World


The log ride will be featured in Epcot's Norway Pavilion

The smash-hit animated musical Frozen, which is already getting a sequel and a Broadway show, will also be transformed into an amusement park ride, opening in 2016 at Disney World’s Epcot.

“Frozen Ever After” will replace the 27-year-old Maelstrom water ride at the Norway pavilion in Epcot’s World Showcase, Disney announced on Tuesday. Visitors will be shuttled in logs through a festival in the fictional land of Arendelle from the film. Riders will watch citizens celebrate winter in the middle of summer thanks to Elsa’s magical ice-creating powers. And riders will eventually reach Elsa’s Ice Palace, where the princess will be singing—what else?—”Let It Go.”

Animatronic versions of Anna, Kristof and Olaf will also appear. Disney’s designers and engineers, known as Imagineers at Disney World, have even recruited the film’s composers, Robert Lopez and Kristen Anderson Lopez, to write new lyrics for the chart-topping songs.

Disney is hoping that the ride based on the highest-grossing animated film of all-time will boost attendance at Epcot, which was flat between 2009 and 2013, the most recent year of data available from the Themed Entertainment Association.

However, some visitors might take offense to the fact that Arendelle has been given such a prominent place in the World Showcase, which was originally designed by Walt Disney as a tour of real countries like Japan, Mexico and Norway. But, Disney World Chief Operating Officer Tom Staggs argues to the Wall Street Journal that Frozen is filled with Scandinavian culture and mythology to will honor that heritage.

TIME Disney

This Union Is Attacking Disney’s Weirdest Policy

YE AUNG THU—AFP/Getty Images

No scab Mickeys are needed yet

Working at a Disney Park may be magical, but apparently the “cast members” — as these Disney employees are called — aren’t allowed to tell anyone what loveable character they play — at least for now.

The union that represents Disney Park employees is challenging the rule, which doesn’t allow workers to say which character they play in any online or print media — this is likely a bigger issue today given the proliferation of social media.

A representative for the Teamsters, the union representing the workers, thinks this is extreme, telling the Orlando Sentinel that the person playing Tigger doesn’t “work for the CIA.”

Dalton told the newspaper that the Teamsters filed a grievance with Disney’s labor relations department last week. The union will also file an unfair labor practice charge with the National Labor Relations Board, she added.

More: Check out Disney on the new Fortune 500 list

More than 1,200 Disney workers greet guests or appear in parades in various guises, including dressed as “fur characters,” such as Winnie the Pooh, or in outfits that cover the performers completely, and “face characters” such as Snow White or Cinderella, Dalton told the paper.

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