Disney’s culling its content on Disney+ and Hulu is coming as early as next week — with the media company pulling off more than two dozen titles, including series “Willow,” “The Mysterious Benedict Society” and “Dollface,” and movies such as “The One and Only Ivan.” At the same time, CEO…
Christine McCarthy
In a months-long goal to reach 7,000 job cuts total, Disney will begin its second round of layoffs of the year today. The notifications will be handed out to staff through Thursday, concluding with approximately 4,000 job eliminations completed overall by week’s end, according to company officials. While the Disney…
Bob Iger is back as Disney’s CEO — and swinging the axe. Disney will reduce its workforce by 7,000 employees in a bid to cut costs, Iger said Wednesday on the company’s earnings call for the year-end 2022 quarter. The figure represents 3.2% of Disney’s total headcount of about 220,000…
Disney+ lost a net 2.4 million subscribers in the last three months of 2022 — marking the streaming service’s first decline since launching in late 2020 — while the Mouse House’s quarterly earnings topped Wall Street estimates, thanks to a surge in revenue at Disney’s theme parks. The results are…
Disney+ lost a net 2.4 million subscribers in the last three months of 2022 — marking the streaming service’s first decline since launching in late 2020 — while the Mouse House’s quarterly earnings topped Wall Street estimates, thanks to a surge in revenue at Disney’s theme parks. The results are…
Disney+ lost a net 2.4 million subscribers in the last three months of 2022 — marking the streaming service’s first decline since launching in late 2020 — while the Mouse House’s quarterly earnings topped Wall Street estimates, thanks to a surge in revenue at Disney’s theme parks. The results are…
Disney+ lost a net 2.4 million subscribers in the last three months of 2022 — marking the streaming service’s first decline since launching in late 2020 — while the Mouse House’s quarterly earnings topped Wall Street estimates, thanks to a surge in revenue at Disney’s theme parks. The results are…
Bob Iger is wasting no time in reshaping Disney after returning as CEO. In a memo to Disney staffers, Iger announced restructuring at the media giant will begin “in the coming weeks.” As part of that restructuring, Kareem Daniel, chairman of Disney Media and Entertainment Distribution, will be stepping down,…
Disney will begin enacting layoffs, implementing a targeted hiring freeze and limiting company travel as part of a sweep cost-cutting move announced to leadership Friday. In a memo obtained by Variety, which was sent to top execs Friday afternoon, Disney CEO Bob Chapek wrote: “I am fully aware this will…