Streaming
Disney to lay off 7,000 workers in major cost-cutting restructure
1 month ago | By Up Worthy
The Walt Disney Company on Wednesday announced a sweeping restructuring under recently reinstated boss Bob Iger, cutting 7,000 jobs as part of an effort to save $5.5 billion US in costs and make its streaming business profitable. The layoffs represent an estimated 3.6 per cent... waltdisneycompany bobiger disney iger espn activist nelsonpeltz warnerbros discovery netflix
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Disney Reaffirms Outlook For Streaming Profitability By 2024; CEO Bob Iger Calls The Business “My No. 1 Priority” But Vows Not To “Abandon” Movie Theaters Or Linear TV
1 month ago | By Deadline
Disney CEO Bob Iger reaffirmed the company's longstanding guidance to investors that its streaming business will become profitable by the end of fiscal 2024. Speaking on the company's quarterly earnings call, Iger called streaming “my No. 1 priority” and said he has “drilled down into every facet of our streaming business” since returning as CEO...
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Bob Iger Promises 'Significant Transformation' At Disney As Disney+ Posts First-Ever Quarterly Losses
1 month ago | By Slash Film
Things are changing at the Mouse House. According to an announcement made on Wednesday by CEO Bob Iger ( who recently returned to that position just a few months back ), the studio's streaming service Disney+ saw 2.4 million subscribers drop away during the final three months of 2022. It's the service's first loss since its launch in November of 2019, and may indicate a changing trend in streaming service usage, as numerous studios establish their own subscription-based channels vying for consumer eyeballs and wallets - including the likes of Paramount+ and MGM+, both of which followed...
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Bob Iger Says ESPN Not For Sale
1 month ago | By Deadline
Bob Iger said today that ESPN is not for sale, although that possibility was explored by the previous regime. He said he'd expected the question - which came on a call with Wall Streeters after the company's latest earnings - after news that Disney is splitting up its businesses into three core segments, one of...
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‘Avatar' Experience Coming To Disneyland
1 month ago | By Deadline
Disney CEO Bob Iger said a new attraction based on the Avatar franchise will hit Disneyland soon. He called it the Avatar Experience and said details will be “coming soon” -not providing any. But he noted the obvious, that Avatar is now a core franchise for the company, “which has a way of leveraging success”...
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Frozen 3, Toy Story 5, and More Announced by Disney
1 month ago | By Coming Soon
During today's Disney Q1 earnings call, Disney CEO Bob Iger announced that sequels to Frozen 2 , Toy Story 4 , and Zootopia are all in the works.
“Today I'm so pleased to announce that we have sequels in the works from our animation studios to some of our most popular franchises, Toy Story , Frozen , and Zootopia. we'll have more to share about these productions soon. but this is a great example of how we're leaning into our unrivaled brands and franchises,” Iger said
This isn't too big of a surprise given how profitable and critically acclaimed all three of the listed franchises are. All...
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Disney Sets Sequels for ‘Frozen,' ‘Toy Story' and ‘Zootopia'
1 month ago | By The Wrap
The announcement comes during the company's first-quarter earnings call, with details to come
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Disney to Cut 7,000 Jobs, Citing Advertising ‘Headwinds'
1 month ago | By The Wrap
The move comes in an effort to reduce costs by an estimated $3 billion, CEO Bob Iger said
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‘Frozen‘, 'Toy Story' & ‘Zootopia' Sequels In The Works, Disney CEO Bob Iger Says
1 month ago | By Deadline
Disney CEO Bob Iger announced that three animated sequels for Toy Story, Frozen and Zootopia are in the works on today's Q1 earnings call. “Today I'm so pleased to announce that we have sequels in the works from our animation studios to some of our most popular franchises, Toy story, Frozen and Zootopia. we'll have...
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Disney To Reinstate Dividend By Year End
1 month ago | By Deadline
Disney CEO Bob Iger said the company has asked its board to reinstate the dividend by the end of the calendar year. The payouts, beloved by investors, especially Disney's legion of retail shareholders, was stopped abruptly during Covid to conserve cash. Iger said the company's planned cost cutting - of $5.5 billion - will make...
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Disney+ Loses 2.4 Million Subscribers Under Bob Iger's Leadership
1 month ago | By Decider
Disney+ is still trailing behind its rival, Netflix.
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Disney+ Drops 2.4 Million Subscribers in First Loss, Bob Iger Heralds ‘Significant Transformation' Underway
1 month ago | By Up Worthy
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 bobigers disneys bobchapek iger disneysq1of refinitiv varietys strictlybusiness disneyhotstar
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Disney+ Loses 2.4 Million Subscribers but Beats Expectations as Ad Plan Joins Lineup
1 month ago | By The Wrap
The streaming service reported 161.8 million subscribers in the first quarter, above analysts' forecasts of 157 million
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Disney Reorganizes Into Three Segments, Entertainment, ESPN & Parks
1 month ago | By Deadline
Disney is reorganizing its sprawling businesses under three core segments, Entertainment, ESPN and Parks, Experiences & Products, as CEO Bob Iger moves to restructure the company. The move follows his dismantling of DMED, or Disney Media & Entertainment Distribution, set up by previous CEO Bob Chapek, that wrested control over content decisions by the company's...
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Disney Cuts Thousands Of Jobs Amidst Latest Restructuring & Costs Trimming
1 month ago | By Deadline
The Walt Disney Company will be laying off thousands of employees as a part of a new round of cost cutting measures, CEO Bob Iger revealed today. Speaking on the House of Mouse's Q1 earning call this afternoon with CFO Christine McCarthy, Iger said that 7,000 jobs would be let go from the now 100-year-old...
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Disney To Cut $3 Billion In Content Costs Amid $5.5-Billion Savings Push As Bob Iger Makes His Move
1 month ago | By Deadline
Walt Disney is targeting $5.5 billion in cost savings, including $3 billion in non-sports related content, CEO Bob Iger said today on a meaty call after earnings where he detailed a company-wide restructuring. He said the other $2.5 billion are general operating costs, of which $1 billion is already underway. CFO Christine McCarthy, also on...
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Disney CEO Bob Iger Says Company “Embarking On A Significant Transformation” As Parks Power Quarterly Financials, Streaming Losses Narrow
1 month ago | By Deadline
As Disney reported better-than-expected financials for the fiscal first quarter, CEO Bob Iger said the company is “embarking on a significant transformation” that will reshape the company he rejoined last November. The company showed improvement across a range of financial categories during the quarter ending December 31, compared with the dismal showing last November just...
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Neo-Noir is the best movie dish that I would like to taste as it includes crime, humor, dark wit, twisted plot and classy dialogues. It shows a perception from both ends like... Read more ...
5 best Neo-Noir Movies
Neo-Noir is the best movie dish that I would like to taste as it includes crime, humor, dark wit, twisted plot and classy dialogues. It shows a perception from both ends like... Read more ...
5 best Neo-Noir Movies
Neo-Noir is the best movie dish that I would like to taste as it includes crime, humor, dark wit, twisted plot and classy dialogues. It shows a perception from both ends like... Read more ...
Black Crowes and Darius Rucker, Wynonna Judd and More Among 2023 CMT Music...
Jelly Roll, Tyler Hubbard, and Ashley McBryde are also slated to perform Read more ...
Fox Renews ‘Accused' and ‘Alert: Missing Persons Unit' for Second Seasons
The Sony Pictures Television and Fox Entertainment-produced dramas will air in 2023-24 Read more ...
Lindsey Graham Says Trump Is in a ‘Sad' Emotional State With Looming...
The South Carolina senator told Fox News he recently spoke with the former president about how he's feeling Read more ...
Ted Lasso Doesn't Have Sketch Comedy Origins, But PlayStation's FIFA Had A...
Jason Sudeikis and Brendan Hunt are setting the record straight about the origins of "Ted Lasso." During a cast panel with Variety in celebration of the hit Apple TV+ show's... Read more ...
Keith Urban's Kids With Nicole Kidman: Everything To Know About Their Daughters
The country music star and his Oscar-winning wife are the proud parents of two adorable girls. Meet Sunday and Faith, here! Read more ...
Buchwald Signs TikTok Star & Original Hype House Member Jack Wright
Social media star Jack Wright has signed with Buchwald for representation, the agency announced on Thursday. Best known as one of the original members of Hype House - the... Read more ...
The Lord of the Rings: Gollum Release Date Revealed After Multiple Delays
The Lord of the Rings: Gollum has been wandering through Middle-earth for years in search of a solid release date, and it seems to have finally found one. The stealth game is... Read more ...
Mission: Impossible 8 Photos Show an Unexpected Return and New Cast Member
As production on Mission: Impossible - Dead Reckoning Part Two continues, director Christopher McQuarrie has welcomed another member to the cast of the upcoming eighth and... Read more ...
Mark Hamill Honors Late ‘Star Wars' Actor Paul Grant: “Always Hard” to Say...
The Mandalorian actor Carl Weathers also offered his condolences. Read more ...
“I'd Make Kate Winslet A National Treasure”: HBO's Casey Bloys Talks ‘The...
Casey Bloys wants Kate Winslet to be venerated in the States. During a closing keynote session here in Lille, France at Series Mania, HBO and HBO Max Chairman and CEO Bloys... Read more ...