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Tag: Disney

Disney to merge streaming platforms Hulu Live TV with Fubo
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Disney to merge streaming platforms Hulu Live TV with Fubo

In a surprising move announced Monday, Disney revealed plans to merge its Hulu Live TV business with Fubo, the live TV streaming service renowned for its sports coverage. Under the terms of the agreement, Disney will acquire a 70% stake in Fubo, which will continue to operate as a separate service. This merger is poised […]

Disney announces crackdown on password sharing
Tech

Disney settles women’s pay disparity lawsuit with $43m

Walt Disney has agreed to pay $43.3 million to settle a lawsuit that accused the company of gender-based pay disparity, with female employees allegedly earning $150 million less than male counterparts over eight years. As part of the settlement, Disney will hire a labor economist for three years to analyze and address pay equity among […]

Disney to merge streaming platforms Hulu Live TV with Fubo
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Walt Disney data leak exposes sensitive info, financial details

Walt Disney has faced a major data breach this summer, with leaked information revealing financial details, strategic plans, and sensitive personal data of staff and customers, according to a Wall Street Journal report on Thursday. In August, Disney confirmed it was investigating the unauthorized release of over a terabyte of data from one of its […]

Walt Disney’s Pixar lays off staff
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Walt Disney’s Pixar lays off staff

Pixar Animation Studios, renowned for creating beloved films like “Toy Story” and “Up,” have laid off,  affecting about 14% of its workforce on Tuesday, Reuters reported. Around 175 individuals will be impacted by the job cuts at this division of the Walt Disney Co. Previously, the animation studio had expanded its staff to produce original […]

Disney, Warner Bros to launch joint streaming bundle
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Disney, Warner Bros to launch joint streaming bundle

Disney and Warner Bros. Discovery are set to shake up the streaming industry with the announcement of a new streaming bundle comprising Disney+, Hulu, and Max. This move underscores a significant development in the ever-evolving streaming landscape, characterized by the bundling of premier brands. The bundle, expected to launch this summer, will offer both ad-supported […]

Disney announces crackdown on password sharing
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Disney announces crackdown on password sharing

Disney CEO Bob Iger has announced that the company will start implementing stricter measures to deter password sharing globally starting this summer, a disclosure he made in an interview with CNBC Similar restrictions were previously introduced for Canadian subscribers last autumn. The decision comes as no surprise, as Disney’s CFO Hugh Johnston had outlined the […]

Disney, Warner Bros to launch joint streaming bundle
Tech

Disney+ subscribers decrease by 1.3m Q4 2023

In the last quarter of 2023, Disney+ witnessed a decrease of 1.3 million subscribers following a significant price hike introduced in the fall. Despite this decline, the streaming platform successfully reduced its streaming business losses by $300 million from October to December. The core subscriber base, including U.S., Canada, and international users (excluding Disney+ Hotstar […]

Disney subsidiary Pixar to lay off staff
News Tech

Disney subsidiary Pixar to lay off staff

The Disney-owned animation studio Pixar has acknowledged that it would be laying off employees this year. Techcrunch reports that Pixar’s staff of 1,300 will be reduced to less than 1,000 over the next several months due to massive layoffs that might reach up to 20%. Pixar claims that these figures are excessive. The studio emphasized […]

Disney+ announces price hike
News Tech

Disney+ announces price hike

Disney is hiking all of the costs for its online streaming services on the heels of a drop in subscribers. The entertainment company boosted subscription costs for a number of services, including Disney+ and Hulu, last October. This is the corporation’s second price rise in the past 12 months. A new Disney+ and Hulu package […]

Disney to merge streaming platforms Hulu Live TV with Fubo
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Walt Disney’s Pixar Animation cuts 75 jobs

75 positions have been terminated at Walt Disney’s Pixar Animation Studios, including those of the two executives behind the box office flop “Lightyear.” According to Reuters, sources stated on Saturday that this is the studio’s first sizable layoffs in ten years. The cuts included “Lightyear” director Angus MacLane, a 26-year animator who worked on critically acclaimed […]

Bob Iger, CEO, Disney, during CNBC interview, Feb. 9, 2023.
Business

Disney fires Marvel Entertainment chair Perlmutter over telephone

The chairman of Marvel Entertainment, Isaac Perlmutter, has been laid off as part of a cost-cutting campaign at Disney. The New York Times reported that the 80-year-old was informed by phone on Wednesday that Marvel Entertainment would be folded into larger Disney business units, according two anonymous Disney executives. Marvel Entertainment is a small division […]

Bob Iger, CEO, Disney, during CNBC interview, Feb. 9, 2023.
Business

Walt Disney begins lay off 7,000 workers

Alex Omenye Entertainment company, Walt Disney has begun to lay off 7,000 employees on Monday. According to the letter sent to employees by Chief Executive Bob Iger and obtained by Reuters, the layoff became necessary as the company seeks to control costs and create a more “streamlined” business. According to a person familiar with the […]

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