Disney has escalated its conflict with Florida’s Republican Governor Ron DeSantis, resulting in the state losing 2,000 white-collar jobs. Disney has canceled its $1 billion office complex project in Florida, citing changing business conditions. The decision comes amid an open feud between Disney and DeSantis, who is expected to enter the 2024 GOP presidential race…
Disney has reported a loss of 4 million subscribers to its flagship streaming service in the first quarter of the year. Despite the decline in subscribers, Disney+ was able to reduce its losses by $400m. The company behind the Marvel and Star Wars franchises is under pressure to make its streaming business profitable amid a…
Scarlett Johansson, who sued Disney in 2021 for breach of contract, is still a dedicated Disney fan. She described her level of devotion to Disney in a recent interview with Variety. The Black Widow star revealed that she visits Disney World at least ten times a year and is someone who “geeks out” when talking…
Disney is laying off several thousand workers across the company this week in the second and largest wave of cuts as part of the media giant’s previously announced plan to slash its workforce by 7,000 employees. As reported on CNN, the latest round of job cuts will impact ESPN, Disney’s entertainment division, Disney Parks, and…
The Walt Disney Company has settled with former Marvel Studios VFX chief Victoria Alonso after pink-slipping her last month. While details between Alonso and Disney are confidential, there was a multimillion-dollar financial compensation, we hear. The deal between the parties was reached in the past few days. Alonso was represented by Glaser Weil Fink Howard…
While Disney may be the happiest place on earth in the hearts and minds of many people, the business itself is not having such a happy week. As reported on THE STREET, CEO Bob Iger sent an email to employees on March 27 to let them know that the planned layoffs (previously announced in February)…
Florida Governor Ron DeSantis warned people to “buckle up” as he signed a bill giving the state control over Disney’s sprawling Orlando theme parks. As reported on BBC, the bill strips power uniquely held by Disney for over 50 years and enables more oversight by Mr DeSantis’ Republican-led legislature. The move is seen as retaliation…
An episode of “The Simpsons” that includes a line about “forced labor camps” in mainland China has been pulled from Disney’s streaming platform in Hong Kong. As reported on CNN, a scene in the second episode of its latest season depicts the show’s matriarch, Marge Simpson, cycling on an indoor spin bike with an on-screen…
Less than 24 hours after his shock return as Disney’s chief executive, Bob Iger says he is planning a major shake-up of the business. As reported by the BBC, one of his first moves has resulted in the exit of the head of company’s Media and Entertainment Distribution division, Kareem Daniel. Mr Daniel was a…
Disney’s streaming business has continued to grow – but its losses are rising too. As reported by the BBC, the media giant said it had added more than 12 million subscribers to its Disney+ streaming platform in the three months ended in September. But the unit lost nearly $1.5bn – a hit that weighed on…
