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The Walt Disney Co. is cutting hundreds of jobs across the company as it continues a corporate streamlining that began in earnest earlier this year. Some corporate functions, ESPN, Disney Entertainment Television and film studios are all expected to be impacted, with Pixar said to be the film studio seeing the most cuts, and Nat…
In a wide-ranging brand deal unlike anything in recent memory, The Walt Disney Co. and Kraft Heinz have inked a multiyear “strategic alliance” that will span media and experiences, bringing Kraft Heinz brands to Disney’s film and TV content, as well as to the company’s vast theme parks and cruise business. Terms of the deal…
Walt Disney Co. CEO Josh D’Amaro is laying out his long-term vision for the company, using his first quarterly earnings report since succeeding Bob Iger two months ago to introduce himself to Wall Street, and explain where he sees the company going. The company beat Wall Street expectations in its fiscal Q2, which ended March…
As Josh D’Amaro prepares to step into the Disney CEO shoes, succeeding Bob Iger, he’s now opening up about his vision for the media and entertainment empire’s future. Earlier Tuesday, the Walt Disney Co. revealed D’Amaro’s promotion, while also announcing that Dana Walden has been elevated to president and chief creative officer. The pair transitions to their…
ESPN is valued at about $30 billion, with the National Football League’s 10 percent equity stake in the sports media giant securing an estimated fair market value of $3 billion, according to The Walt Disney Co.’s latest quarterly earnings report. Disney and the NFL closed their mega deal in the last week, giving the league…
Quick, who would you say are the biggest winners in entertainment this year? Maybe Netflix, for continuing its streaming domination and securing Warner Bros.? Perhaps YouTube, which cemented itself as a true force in the industry? Michael DeLuca and Pam Abdy, who salvaged the Warners film studio? Or Taylor Sheridan, who leveraged his many (many!)…
The Walt Disney Co. is making a significant change in the C-suite of its experiences division, which oversees the company’s theme parks, cruise line and consumer products businesses. Kevin Lansberry, the CFO of Disney Experiences, will be retiring after 39 years with the company in February. Michael Moriarty, currently President and managing director of Hong…
Disney has appointed Tony Zameczkowski as senior vice president and general manager, direct-to-consumer for Asia Pacific. He will report to Luke Kang, Disney’s APAC president, and Joe Earley, president, direct-to-consumer, of Disney Entertainment. In his new role, Zameczkowski will be part of Disney’s efforts to grow and develop its streaming business in the APAC region….
Disney and ITV will launch a new, first-of-its-kind initiative to carry each other’s streaming services. In the form of a promotional selection, the partnership will be billed as a “Taste of ITVX” and a “Taste of Disney+” on their respective platforms, the companies confirmed Thursday. From Jul. 16, a curated and regularly refreshed selection of…
The Walt Disney Co. will bring next-generation robots to its theme parks, powered by Nvidia tech, the tech giant announced at its developer conference Tuesday. Nvidia CEO Jensen Huang revealed that his company would be partnering with Disney and Google DeepMind on the initiative, joined on stage by one of Disney’s BDX droids, which roam…