Today on Twitter Disneyland has announced that they will be canceling all Annual Passports!

As an Annual Passholder myself, this comes as a huge surprise to us! In fact, I was in such disbelief that I had to get on Disneyland’s website as quickly as possible to fact-check.
The following information was pulled straight from Disneyland.disney.go.com
Annual Passholders have been among our most loyal and valued guests, and we want to thank them for their understanding during this closure period.
Due to the continued uncertainty of the pandemic and limitations around the reopening of our California theme parks, we will be issuing appropriate refunds for eligible Disneyland Resort Annual Passports and sunsetting the current annual passport program. Please visit disneyland.com/passportrefund for refund information.
Although sunsetting the Annual Passport program may be disappointing to some, we are excited about what is head and know that our future is bright. We are developing new membership offerings that will utilize consumer insights to deliver choice, flexibility, and value for our biggest fans. Once we have more information to share about future membership offerings, our Annual Passholders will be the first to hear from us.
Annual Passholders who held active passports as of March 14th 2020, will continue to receive applicable discounts based on their passport type for merchandise and food & beverages at select Downtown Disney District and Buena Vista Street locations until the new membership offerings are announced.
As an added benefit, starting on January 18th through February 25th, 2021, those Annual Passholders will receive a 30% discount on select merchandise at select locations in Downtown Disney District and Buena Vista Street, Monday through Thursday. For more details, visit Disneyland.com/APSpecialoffers.
We encourage our Annual Passholders to stay connected with the Disneyland Annual Passholders Facebook page as we plan to continue our Annual Passport communication and digital content with special opportunities to come, until new membership offerings are announced.
We are working as diligently and as quickly as possible to expedite eligible pro rata refunds for Annual Passports. We appreciate our Annual Passholders patience and understanding as we work through this process. Please visit disneyland.com/passportrefund for more information.

Disney Premier Passholders
We will be issuing appropriate refunds on eligible Disneyland Resort Annual Passports, and sunsetting the current annual passport program – including the Disney Premier Passport – due to the continued uncertainty of the pandemic and limitations around the reopening of our California theme parks.
In addition to receiving applicable Passport discounts on merchandise and food & beverages at select Downtown Disney District and Buena Vista Street locations at the Disneyland Resort until new membership offerings are announced, Premier Passholders will be eligible to enjoy Walt Disney World Resort theme park access and V.I.Passholder perks through March 31st, 2021, and their passes will be canceled thereafter. Please note, advanced Disney Park pass reservations are required for Park entry. Premier Passholders will also be able to renew into Walt Disney World Resort annual passes through April 30th, 2021. For questions regarding existing Walt Disney World reservations, please contact V.I.Passholder support at 407-939-7277 for assistance.
It sounds like Disney has maybe something bigger and better up their sleeves. More expensive no doubt! Or maybe they have lost so much money during this closure they can’t afford to give up park space on Annual Passholders?