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Tag: Disney

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
News

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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