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
Variety reports that former CTO of Walt Disney Studios, Jamie Voris, has been named to lead the newly created “Office of Technology Enablement,” which seeks to integrate AI and mixed reality across the company in a responsible way. As the Walt Disney Company prepares to add the burgeoning world of artificial intelligence to its repertoire … Read more
Several reports are circulating the internet stating that Disney has fallen victim to a hacking incident, resulting in the compromise of 1.1TB of data. The Walt Disney Company 1.1TB Data Breach A hacktivist group called “Nullbulge” states that they have accessed Disney’s internal Slack platform and have obtained 1.1TB of data from the platform. While … Read more
shopDisney will reportedly be ditching its current branding and going back to the original Disney Store name later this month. shopDisney to Rebrand Back to Disney Store According to Laughing Place, shopDisney will make the change official this month, once again donning the “Disney Store” moniker. As a result of the change, the retailer’s main … Read more
The Walt Disney Company has set the date for their 2024 meeting of shareholders, according to Variety. Disney Sets Date for Annual Meeting of Shareholders The meeting will be held on April 3, 2024, with all shareholders on record as of February 5, 2024 allowed to vote during the meeting. Per Variety, Disney addressed shareholders … Read more
In a new proxy statement filed today with the SEC, the U.S. Securities and Exchange Commission, Disney has shared the fiscal 2023 salaries for current CEO Bob Iger and former CEO Bob Chapek. Disney Shares 2023 Salaries for Iger and Chapek According to Variety, the current Disney CEO saw his salary drop to $31.6 million … Read more
On Thursday, December 21, The Academy of Motion Picture Arts and Sciences announced the shortlists for 10 categories for the 96th Academy Awards. Of them, projects from The Walt Disney Company have made it onto six Oscars lists. 96th Oscars Shortlists The Walt Disney Company has films from various studios on the 96th Oscars shortlists. … Read more
In their latest motion to dismiss Disney’s federal lawsuit against Florida Governor Ron DeSantis and the Central Florida Tourism Oversight District (CFTOD) board as hearings begin, attorneys for DeSantis are arguing that it doesn’t matter if the state of Florida acted in retaliation against Disney. Court Hearings Begin for Disney vs. DeSantis Court hearings in … Read more
Multiple accounts associated with The Walt Disney Company have returned to posting X, formerly Twitter, after the company’s 10-day break from the platform. Disney Resumes Posting on X This shift comes after The New York Times reported that Disney, along with other notable companies like Apple and Paramount would be halting marketing on X in … Read more
The Walt Disney Company has named Hugh F. Johnston as Senior Executive Vice President and Chief Financial Officer, effective December 4, 2023. Disney Names New CFO Johnston is currently Vice Chairman and Chief Financial Officer of PepsiCo, where he held multiple leadership positions over his 34-year career there. Johnston will report directly to Disney CEO … Read more
After being granted a deadline extension to file their response to Florida Governor Ron DeSantis and the Central Florida Tourism Oversight District’s (CFTOD) motion to dismiss their federal case, The Walt Disney Company has responded to both motions, accusing the parties of taking part in “ongoing constitutional mutiny” and asks the judge to reject the … Read more
In a regulatory filing, Disney has reported that ESPN profits are down 20%. ESPN Profits Down, Disney Exploring Strategic Options In the first nine months of the fiscal year, Disney’s sports bundle (ESPN, ESPN+, and ESPN television channels) reported profits down 20 percent, to $1.48 billion, as well as a decrease in sales to $13.2 … Read more
Disney stock prices dropped again today, with the price per share hitting its lowest since 2014. Disney Stock Drops to New Low Today, October 4, 2023, $DIS reached a new low price of $78.76 around 2:30 p.m. ET. At the time of press, the stock price has risen slightly to $79.42 per share. Disney’s stock … Read more
The Walt Disney Company and Spectrum’s parent company, Charter Communications, are fighting over a new contract. As the two fail to reach an agreement, Disney channels like ESPN and ABC are dark to Spectrum subscribers during Labor Day weekend and many won’t be able to watch the U.S. Open or college football. The dispute is … Read more
After we reported Disney stock was at a 52-week-low, the stock price continued to drop and The Walt Disney Company (DIS) closed on Thursday, August 24 at $82.47 per share. This is Disney’s lowest closing price in nine years. Disney Stock Closes on Disappointing Note This is the lowest price Disney has closed at since … Read more
According to Deadline and official reports from The Walt Disney Company, a mixed third quarter for 2023 has seen some success, reduced losses, and a few disappointments overall. The Walt Disney Company Third Quarter 2023 Direct-to-consumer losses shrank while Parks and Resorts revenue rose compared with the previous quarter. While Disneyland Resort and Walt Disney … Read more