Tag: The Walt Disney Company
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Disney Task Force is Exploring AI and Ways It Could Cut Costs Across the Company
A Disney task force has been created to explore the potential that comes with AI and also ways to cut costs. The task force was created earlier this year before the writer’s strike in Hollywood. The task force is seeking to see how AI can be applied across different ways across the entertainment company. Currently…
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Disney CEO Bob Iger Brings Back Former Disney Execs Kevin Mayer, Tom Staggs to Strategize Future of Legacy TV
Bob Iger is looking to the future by going to the past. Iger has brought in former Disney Execs Kevin Mayer, Tom Staggs, to help advise on the future of Disney’s legacy TV assets. The duo have been brought in to discuss paths forward for the legacy TV assets, including the possible sales of these…
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ESPN Held Talks With The NBA, NFL, and MLB About Potential Strategic Partnership
A week after Disney CEO Bob Iger talked about the possibility of bringing a strategic partnership to ESPN, it now appears that early discussions have been had to do just that. CNBC is reporting that ESPN has held early discussions with the NBA, NFL, and MLB about a potential strategic partnership. Disney CEO Bob Iger…
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Alexia Quadrani Promoted To Executive Vice President, Investor Relations For The Walt Disney Company
BURBANK, Calif., July 18, 2023 – The Walt Disney Company (NYSE: DIS) today announced that Alexia Quadrani has been promoted to the role of Executive Vice President, Investor Relations for the company. Quadrani most recently served as Disney’s Senior Vice President, Investor Relations. Quadrani will continue to serve as Disney’s primary information liaison to the…
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Disney Extends CEO Bob Iger’s Contract by Two Years
The Walt Disney Company Board of Directors announced today that Robert A. Iger has agreed to continue to serve as Chief Executive Officer through December 31, 2026. In voting unanimously to extend Iger’s contract by two years, the independent members of the Board of Directors noted that Iger’s extension provides continuity of leadership during the…
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The Walt Disney Company Executives To Discuss Fiscal Third Quarter 2023 Financial Results Via Webcast
BURBANK, Calif., July 5, 2023 – The Walt Disney Company (NYSE: DIS) will discuss fiscal third quarter 2023 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Wednesday, August 9, 2023. Results will be released after the close of regular trading on August 9, 2023. To listen…
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Disney Continues to Win the Popularity Contest in Feud with Governor DeSantis
As the feud between Governor DeSantis and The Walt Disney Continues there are more than legal battles happening between the two parties. As mentioned a few weeks ago, there is also the battle of public opinion. When last checked, this was a battle that Disney was winning. Now, new polls have come out that continue…
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Latondra Newton, Disney’s Chief Diversity Officer, Is Leaving the Company
Disney’s chief diversity officer, Latondra Newton, is leaving the company. Variety shared earlier this evening that after six years in the role, Newton is leaving and will soon be joining the corporate board for another company and also devoting more time to her own self-created company. Her current role as head of Diversity, Equity, and…
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As Disney and DeSantis Feud Continues in the Courts, the Battle of Public Opinion Appears to Have a Winner
Since Disney came out against Florida’s Parental Rights in Education, also known as the “Don’t Say Gay,” law last year, it has found itself embroiled in a feud with Florida Governor Ron DeSantis. This has led to Governor DeSantis making statements like “there’s a new sheriff in town” while attacking the efforts of “woke Disney.”…
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Christine McCarthy To Step Down As Disney’s Chief Financial Officer; Kevin Lansberry Will Assume Role Of Interim CFO
McCarthy, who is taking family medical leave, will continue to serve as a strategic advisor to ensure a successful transition BURBANK, Calif., June 15, 2023—The Walt Disney Company’s (NYSE: DIS) Senior Executive Vice President and Chief Financial Officer Christine M. McCarthy will be stepping down from her role and taking a family medical leave of…
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Central Florida Tourism Oversight District v. Disney Lawsuit Court Date Set
The court date for the Central Florida Tourism Oversight District v. Disney lawsuit has been set. The lawsuit, which was filed in the 9th Judicial Circuit Orange County, was filed as a countersuit after Disney sued Florida Governor Ron DeSantis and other Florida leaders, including the board for the Central Florida Tourism Oversight District. According…
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75 Positions Cut at Pixar Animation Studios
Over the last few months, The Walt Disney Company has been cutting 7,000 jobs from its ranks. This is part of a cost-cutting initiative to save the company $5.5 billion. This last week it was learned that Disney had reached its target of eliminating 7,000 positions from its workforce. Reuters reports that 75 of these…
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Disney+ to Take $1.5 Billion Content Write-Off After Pulling Titles From Streaming Services
Disney is going to be taking a $1.5 billion impairment charge for the June quarter after pulling dozens of titles from Disney+ and Hulu. The news came from an FEC filing that The Walt Disney Company made on Friday. The filing said that the company removed content from its streaming services on May 26, 2023,…
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New Judge in Disney’s Lawsuit Against Florida Governor DeSantis Sets Pre-Trial Timeline
Just one day after Judge Walker recused himself from a lawsuit brought against Florida Governor Ron DeSantis by Disney, the new judge, Judge Allen C. Winsor, has ruled on the pre-trial timeline. The motions for the pre-trial timeline were agreed to by both parties. Pre-Trial Timeline These dates set a timeline for when any pre-trial motions…
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The Walt Disney Company Reportedly Completes Layoffs
The Walt Disney Company has reportedly finished its 7,000 layoffs that were part of a cost-cutting strategy that was announced earlier this year. The bulk of the layoffs took place in three waves throughout the last few months, with the second wave being the biggest. The first wave took place in March, the second in…
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Disney’s Third Round of Layoffs Reportedly Begin
Disney began its third round of layoffs on Monday multiple news sources are reporting (including CNN and Deadline). The cuts this time around are expected to impact up to 2,500 jobs. This is expected to be the last significant round of layoffs to hit The Walt Disney Company. The layoffs come after Disney CEO Bob…
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Disney CEO Bob Iger Speaks Out on Florida Feud Calling it “A Matter of Retaliation”
During an earnings call today, Disney CEO Bob Iger was asked about the ongoing feud between Disney and the state of Florida led by Governor Ron DeSantis. His response was strong and straightforward. In it, he stated Disney’s position and how he also saw Florida’s. In Iger’s opinion, it all comes down to retaliation. “Regarding…
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The Walt Disney Company Reports Second Quarter and Six Months Earnings for Fiscal 2023
BURBANK, Calif.–The Walt Disney Company (NYSE: DIS) today reported earnings for its second quarter ended April 1, 2023. “We’re pleased with our accomplishments this quarter, including the improved financial performance of our streaming business, which reflect the strategic changes we’ve been making throughout the company to realign Disney for sustained growth and success,” said Robert…
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LIVEBLOG: The Walt Disney Company Shares Second Quarter Financial Results
On May 10, 2023, at 4:30 PM ET / 1:30 PM PT The Walt Disney Company discusses their fiscal first quarter 2023 financial results. Follow along as Mr. Daps and the Daps Magic team provide live updates on this financial call here: The earnings call is hosted by Disney CEO Bob Iger. Since returning to…
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The Walt Disney Company Executives To Participate In The SVB MoffettNathanson Technology, Media & Telecom Conference
BURBANK, Calif., May 8, 2023 – Christine McCarthy, Senior Executive Vice President and Chief Financial Officer, The Walt Disney Company (NYSE: DIS) and Rita Ferro, President, Advertising Sales, The Walt Disney Company, will participate in a question-and-answer session at the SVB MoffettNathanson Technology, Media & Telecom Conference on Wednesday, May 17, 2023 at approximately 10:00…
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Florida Governor DeSantis Claims He Beat Disney, the Courts Might Say Otherwise
In a recent interview, Florida Governor DeSantis claims that he has beaten Disney in the ongoing feud that began last year. However, the courts might have something different to say about that. After ex-Disney CEO came out against a “Don’t Say Gay” bill last year, the governor went on the attack. Under his leadership, Florida…
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Florida House of Representatives Passes Bill That Gives Central Florida Tourism Oversight District Authority to Overturn Reedy Creek Contracts
The Florida House of Representatives has passed SB 1604, a Land Use Bill with an amendment that gives the Central Florida Tourism Oversight District board the authority to overturn contracts that were approved by its predecessor, the Reedy Creek Improvement District Board. The bill was passed by a 75-34 margin and will now head to…
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Disney And Make-A-Wish® Celebrate Longstanding Relationship And 150,000 Disney Wishes On World Wish Day®
As Most-Requested Wish in the World, Disney Marks Milestone Moment with Global Events and the First-of-its-kind Main Street, U.S.A. Windows Dedicated to Wish Kids of the World BURBANK, Calif., May 1, 2023 – The Walt Disney Company and Make-A-Wish celebrated World Wish Day on Saturday, April 29, a date that marks the anniversary of the wish that…
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Florida Senate Introduces Amendment to Inspect Walt Disney World Resort Monorails
The feud between Florida and Disney continues to move forward as the DeSantis led efforts to clamp down on Disney expand. The newest step in this disagreement comes in the form of an amendment added to a transportation bill from the Florida Senate. This bill would have Walt Disney World Resort Monorails inspected by Florida…