Walt Disney

Disney has removed diversity and inclusion as a standalone metric for executive compensation amid political and legal scrutiny, though it remains committed to inclusion, The Financial Times reports.

Disney names James Gorman to serve as next chairman; anticipates naming new CEO in early 2026

Iger was Disney’s public face for 15 years, compiling a string of victories lauded in the entertainment industry and by Disney fans, before he retired in 2020.

Who will be new Walt Disney CEO? Morgan Stanley's Gorman tasked to search for new boss

Gorman led Morgan Stanley between 2010 and 2023. His stint as executive chairman will be ending in December this year.

Disney names veteran producer Almin Karamehmedovic president of ABC News

Karamehmedovic joined ABC News as a freelance video editor in 1998

World Street | Warner Bros stock plummets, China's crude imports hit a low, Walt Disney's Comcast stake and more

From China's weak oil imports, sluggish demand in the 10-year US bond auction to Sony's change in plans to not put a new bid for Paramount Global, here's a look at some of the major developments from across the world.

Walt Disney earnings beat market estimates; profit slips at parks

Shares of the company rose nearly 3% in premarket trading

Reliance, Disney seek India antitrust nod with cricket rights assurance: Reuters

The companies have told the CCI in their filing there will be no impact on advertisers as cricket-watching consumers can be targeted on many rival platforms

Disney posts surprise profit in streaming, raises earnings forecast

Disney now expects adjusted earnings per share to rise by 25% this fiscal year, the company said, up from the 20% it previously forecast.

Disney to start cracking down on password-sharing from June, CEO Bob Iger says

Bob Iger's interview came just a day after Disney investors backed him and other company directors in a proxy battle with activist investors

Disney CEO Bob Iger says India merger deal with Reliance is ‘best of both worlds’

The transaction would allow Disney to own a part of a bigger media company in India, one of the world’s fastest-growing media and entertainment markets.

Moneycontrol Pro Panorama | Reliance-Disney deal: A box office hit?

In today's edition of Moneycontrol Pro Panorama: What Q3 GDP numbers fortell, a billion-dollar boost to the pharma stocks, India could lead the way in AI technology, slump in iron ore prices concerns steel makers, and more

Walt Disney's 1938 rejection letter goes viral: 'Woman do not do creative work'

A Reddit user shared the rejection letter on the platform recently, which was addressed to Miss Mary Ford, who had applied for position in Disney's inking and painting department in 1938.

SAG-AFTRA strike ends: Hollywood actors win streaming bonuses under new contract

Union members now must vote on whether to ratify the agreement with Netflix, Walt Disney, Warner Bros Discovery, and other members of the Alliance of Motion Picture and Television Producers (AMPTP).

Netflix may tap price hikes after success of password-sharing crackdown

The only profitable major streamer, Netflix has resisted joining rivals like Walt Disney in hiking ad-free prices this year and instead curbed password-sharing outside households to tap the more than 100 million viewers who use its service without subscribing.

Morning Scan: All the big stories to get you started for the day

A round-up of top newspaper stories to keep you ahead of others.

Charter CEO says it is urgent to resolve distribution dispute with Disney

Charter is locked in a distribution battle with Disney as the second-largest U.S. cable company negotiates with the media conglomerate over how much its channels are worth and how to package them.

Disney wants to keep ESPN, will look for strategic partners - CEO Iger

The remarks are Iger's first since the company extended his contract on Wednesday until the end of 2026

Walt Disney Co begins 7,000 layoffs

Several major divisions of the company - Disney Entertainment, Disney Parks, Experiences and Products, and corporate - will be impacted, according to a person familiar with the matter.

Bob Iger takes first steps to Disney in memo to staff

“Over the coming weeks, we will begin implementing organizational and operating changes within the company,” Iger said Monday in a memo. “It is my intention to restructure things in a way that honors and respects creativity as the heart and soul of who we are.”

Disney plans to freeze hiring and cut some jobs, memo shows

Chief Executive Bob Chapek sent the memo to Disney's leaders, saying the company is instituting a targeted hiring freeze and anticipates "some small staff reductions" as it looks to manage costs.

Disney India says planning series on ‘Mahabharata’

A retelling of the “Mahabharata” will be released in 2024, Gaurav Banerjee, head of content at Disney+ Hotstar -- Disney’s Indian digital platform -- said at the media giant’s three-day D23 extravaganza event at the Anaheim Convention Center in California.

After IPL streaming rights loss, Disney lowers the subscriber target for Disney+ Hotstar

The entertainment conglomerate expects Disney+ Hotstar to reach up to to 80 million by the end of fiscal 2024

Disney to lay off 4,000 more at California, Florida parks

The announcement by the company was made in a U.S. Securities and Exchange Commission filing earlier this week, saying 32,000 employees will be terminated in the first half of fiscal year 2021, which began last month.

Walt Disney TV CFO Ravi Ahuja to quit

Ahuja, who had previously served as the chief financial officer of the Fox Network Group, joined Walt Disney in April 2019.

Walt Disney Company APAC President Uday Shankar to step down

Uday Shankar will remain with Disney’s direct-to-consumer and international segment until the end of 2020 to find his successor and ensure a smooth transition.