Walt Disney

Walt Disney begins job cuts with goal of eliminating 7,000 positions

The cuts are expected to fall on all parts of the company, including theme parks and the ESPN sports networks

Walt Disney Co hunts for person responsible for leaking Ant-Man script

The entertainment giant was granted subpoenas Monday ordering Alphabet's Google, Reddit to turn over any data they have that would identify the person or persons who posted the script on their sites

Welspun India seeking opportunity in kids segment through pact with Disney

Home textiles major Welspun India is seeking to tap opportunities in the kids segment through its licensing pact with The Walt Disney Company, according to Welspun's CEO and Joint Managing Director Dipali Goenka. The company, which had signed a brand licensing agreement with Walt Disney in January for the Europe and the UK market this year, also sees an increase of shelf space of licensed brands as compared to its private labels. "If there's a recession, or a slowdown, people will not compromise on their kids' demands...The kids' opportunity is huge. Whether there's a slowdown or there's a peak, that demand never tapers off," Goenka told PTI. The licence agreement had given Welspun the rights to design, develop, manufacture and distribute a complete range of home textiles products leveraging on Disney's franchises and characters across Disney, Pixar, Marvel and Lucas brands. Welspun India President & Global Head Keyur Parekh said the licensing pact with Walt Disney marks the foray

A new Bill: Walt Disney World loses control of its own district

This decision will make it possible for Florida to tax Disney to help fund road improvements outside the parks

Subscribers leave Disney+ Hotstar; paid user base falls 6% in Dec quarter

Parent firm to fire 7,000 staffers globally to save $5.5 bn in costs, make streaming biz profitable

Disney to cut 7,000 jobs in major revamp to make streaming biz profitable

The layoffs represent an estimated 3.6% of Disney's global workforce

Disney to introduce its own metaverse platform, Starverse in India

It is anticipated that metaverse will bring another dimension to user interaction. It has the potential to enrich user experience by providing real-time user interaction

'Avatar 2' is now top-grossing pandemic-era film, surpassing 'Spider Man'

The James Cameron-directed film has taken in $1.93 billion globally, Disney said in a statement

CES 2023: Amazon, Disney partner to launch new voice assistant 'Hey Disney'

Amazon and Disney have teamed up to launch a new voice assistant called 'Hey Disney!', which was shown with a live demonstration at the Consumer Electronics Show (CES) 2023

Disney's 'Avatar: The Way of Water' crosses $1 billion at global box office

It's the fastest a film has made that much since Spider-Man: No Way Home a year ago, according to a statement from Disney on Wednesday

Mickey's copyright adventure: Early Disney creation to be public property

The version of the iconic character from "Steamboat Willie" will enter the public domain in 2024. But those trying to take advantage could end up in a legal mousetrap

Disney set to offload entire stake in Tata Play during IPO: Report

Disney's move comes at a time when it is focusing on its broadcast and streaming service businesses in India

Disney finally gets a break in China with theater release for Avatar 2

Avatar: The Way of Water, a follow-up to the 2009 hit movie, was cleared for a Dec. 16 release date, raising the earnings potential for one of Disney's biggest films of the year

'Boomerang CEOs' don't always work out; Disney hopes to buck trend

The stock performance of companies led by CEOs who returned for another stint in their former position - so-called boomerang CEOs - was 10.1 per cent lower during their tenures

'Boomerang CEOs' don't always work out; Disney hopes Iger bucks trend

During Bob Iger's first tenure from 2005 to 2020, Disney's annualised shareholder returns were more than 14%, well above its rival Comcast Corp and the broader stock market

When Disney decided to dump its CEO Bob Chapek, the change happened fast

While Chapek's rise to the CEO spot in February of 2020 came as a surprise to many, his departure this week was even more shocking

Bob Iger to receive $27 million yearly for return as Walt Disney CEO

Iger will receive a base salary of $1 mn and a bonus equal to that amount, according to a filing by the company on Monday. In addition, he'll receive stock awards with target value of $25 mn each year

Walt Disney says Bob Iger returning as CEO amid rough global conditions

The Walt Disney Company has announced that Robert A Iger (Bob Iger) is returning to head the company amid the company's plans to reduce workforce to navigate the rough global conditions

Disney set to reduce its workforce, freeze hiring amid revenue drop

According to an internal leaked memo from Disney CEO Bob Chapek, seen by CNBC, the company is 'limiting headcount additions through a targeted hiring freeze'

Twitter's current travails with advertisers bring focus on brand safety

Focused approach to media targeting, using third-party verification tools among measures advertisers are adopting