A new union contract was officially approved for Walt Disney Animation Studios production management workers. Union Contract Approved for Walt Disney Animation Studios Production Workers According to Variety, in February 2023 a large majority of production workers voted to unionize. The agreement was approved by the unit with 96% voter participation and approved with 93% … Read more
The Walt Disney Company is laying off another round of employees, according to a new report from Deadline. Disney Layoffs Affecting News and Entertainment According to the report, this layoff impacts just under 200 employees, or less than 6% in ABC News Group and Disney’s entertainment networks. The majority of those impacted will be at … Read more
In a new $ 8.5 million deal, Reliance Industries and Disney India have merged to create JioHotstar. JioHotstar According to Deadline, Mukesh Ambali, owner of Reliance Industries — which controls India’s popular low-cost streaming service JioCinema — has merged with The Walt Disney Company’s Disney+ Hotstar to form JioHotstar. Disney+ Hotstar has been the leading … Read more
Disney employees are reportedly concerned about the company rolling back DEI initiatives and other actions that seem to cater to President Donald Trump. Disney Employees Share Concerns with DEI Initiative Rollback In a Deadline report by Dominic Patten, some employees of The Walt Disney Company anonymously expressed upset over Disney ending their “Reimagine Tomorrow” initiative … Read more
Disney has shared a response to the criticism about rising theme park costs, outlining the many offerings the company provides to help accommodate guests’ budgets. Disney Responds to Pricing Criticism We recently reported on an article published by The Wall Street Journal which discussed the fear that Disney vacations have become too costly for many … Read more
In the wake of the wildfires that have affected Southern California, Disney has announced new “LA Strong” T-shirts and accompanying donations to the American Red Cross. Disney ‘LA Strong’ T-Shirt For each Disney LA Strong T-shirt sold in the U.S. through December 31, 2025, Disney will donate $25 to the American Red Cross. These donations … Read more
The Walt Disney Company has released its earnings report for the first quarter of 2025, with a total revenue of $24.69 billion across all segments. Q1 Revenue This is a 5% increase over Q1 2024. Disney cited growth in entertainment and streaming as primary drivers. The streaming segment specifically saw its second profitable quarter with … Read more
According to the Orange County Business Journal, The Walt Disney Company has acquired a new piece of industrial property in Anaheim, California, after Disneyland was previously a tenant of the space. Disney Purchases Warehouse, Disneyland Formerly a Tenant Disney purchased the warehouse from the previous owners, JPMorgan Chase & Co., for $124 Million. In 2018, … Read more
Bob Iger, CEO of The Walt Disney Company, now has a total pay package of $41.1 million. Bob Iger Pay Increase Deadline reported that Iger’s total pay package rose 30%, increasing to $41.1 million in 2024 from the previous year’s $31.6 million. The company’s annual proxy report disclosed the compensation details. Iger’s contract with The … Read more
Josh D’Amaro, chairman of Disney Experiences, has announced several new appointments for his executive team, including a newly-created role, and new heads for Disneyland Resort, Disney Signature Experiences, and Shanghai Disney Resort. Josh D’Amaro Announces Disney Experiences Executive Changes Ken Potrock, formerly the president of Disneyland Resort, will now take on the newly-created role of … Read more
On Friday, November 22, 2024, Walt Disney World announced that they would close MuppetVision 3D in 2025 to make way for the city of Monstropolis from Pixar’s Monsters Inc., including the long-awaited door chase roller coaster. When announced at D23, several pieces of vague concept art that looked like different sections of Disney’s Hollywood Studios … Read more
Disney has agreed to pay $43 million to settle a gender discrimination lawsuit, which alleges that the company paid its female employees less than their male counterparts. Disney to Settle Gender Pay Gap Lawsuit The payout will address the up to 14,000 eligible class action lawsuit members of female employees, from 2015 to today. Papers … Read more
A new report from AdWeek has revealed that Disney, along with other major brands, have resumed advertising spending on X, formerly Twitter, after pausing late last year. Disney Resumes Ad Spending on X The New York Times broke the news of Disney’s pause on ad spending on November 17, 2023. The pause came in light … Read more
The results are in for Q4 (and the fiscal year) for 2024, and the Walt Disney Company has reported revenue of $22.6 billion for the quarter. The Walt Disney Company Revenue for Q4 2024 Analysts predicted a revenue of $22.45 billion for Q4, as compared to Q4 of 2023, where Disney reported a revenue of … Read more
According to the Wall Street Journal, Disney is exploring outsiders as potential CEO candidates to replace Bob Iger. Disney Considering External CEO Candidates These candidates reportedly include Andrew Wilson, CEO of Electronic Arts (EA). WSJ’s sources said recruiting firm Heidrick & Struggles has identified two other external candidates. Previously, reports indicated Disney had narrowed the … Read more
Following the announcement of James P. Gorman as the new Chairman of the Board, it has been confirmed when the new Disney CEO will be announced. New Disney CEO to be Announced in Early 2026 In a press release shared by The Walt Disney Company, Disney confirmed its plans to announce current CEO Bob Iger’s … Read more