The Walt Disney Company

Disney sacks 7,000 employees as streaming service profit declines

Last updated : Feb 10, 2023 16:02

SportzPower Team

Feb 09, 2023 18:02

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The Walt Disney Company is the latest media and technology sector major to resort to layoffs to "help achieve" cost savings. The House of Mouse is planning to lay off 7,000 employees across the network.

The layoffs at Disney follow similar moves by US tech giants that have terminated thousands of employees as companies dial back a hiring spurt that began during the height of the pandemic.

Aug 04, 2020 20:08

Tiger Woods, USTA, others pledge $50m toward LA youth complex

CARSON, Calif.: Tiger Woods’ TGR Foundation, the United States Tennis Association (USTA), The Walt Disney Company, philanthropist Doug Kimmelman and the Karsh Family Foundation have committed $50 million toward America's largest academic and athletic complex dedicated to expanding opportunities for at-risk youth and fostering social equity in the heart of the Los Angeles region.

Jul 06, 2020 19:07

Shankar red flags IPL concerns; will BCCI 'smell the coffee'?

MUMBAI: Uday Shankar, president of Walt Disney Company, APAC, and chairman, Star & Disney India, has said "the market is not ready to support and sustain the IPL 2020 with the same fervour and gusto in the current economic environment," according to a report in ET Now.

Jul 01, 2020 18:07

'Perfect storm' means monetisation models under threat: Shankar

MUMBAI: Uday Shankar, president, The Walt Disney Company (Asia Pacific) and chairman, Star & Disney India, on Tuesday said that COVID pandemic and the China-India face-off have led to a “perfect storm". And that his network would have to "figure out a different monetisation model" for the Indian Premier League (IPL) IF the growing demand for a boycott of Chinese companies was acted upon by the government.

Jun 05, 2020 12:06

NBA looks to restart season on July 31; all games at 1 site

NEW YORK: The NBA Board of Governors Thursday approved a competitive format to restart the 2019-20 season with 22 teams returning to play and a tentative start date of Friday, July 31.

Apr 16, 2020 16:04

Coronavirus impact: Salary cuts at Disney Star

MUMBAI: After pay cuts were announced in sister organisations in the US, it comes as no surprise that similar measures have been instituted in the Indian arm of the House of Mouse.

Feb 26, 2020 16:02

Iger steps down as Disney CEO, Parks head Bob Chapek takes reins

BURBANK, Calif.: The Walt Disney Company board of directors announced Tuesday that Bob Chapek has been named chief executive officer, The Walt Disney Company, effective immediately. Chapek most recently served as chairman of Disney Parks, Experiences and Products.

Oct 12, 2019 12:10

Disney set to expand Hotstar's global footprint

MUMBAI: After launching in the US, Canada and the UK, The Walt Disney Company is reportedly ready to take next step in the global expansion of Hotstar, Star India's over-the-top platform and India's largest OTT channel.

Aug 30, 2019 17:08

Disney sells YES Network to Yankees, Sinclair, Amazon

NEW YORK: The Walt Disney Company Thursday announced that it has sold its equity interest in the YES (Yankees Entertainment and Sports) Network to Yankee Global Enterprises, with strategic partners Sinclair Broadcast Group (SBG), and Amazon.

Aug 24, 2019 15:08

Sinclair closes buyout of FOX RSNs from Disney

BALTIMORE, MD and BURBANK, CA: Sinclair Broadcast Group, Inc. and The Walt Disney Company Friday announced the completion of the previously announced acquisition by Sinclair of the equity interests in 21 Regional Sports Networks (the “RSNs”) and Fox College Sports, which were acquired by Disney in its acquisition of Twenty-First Century Fox, Inc.

Aug 08, 2019 16:08

CWC, IPL rights servicing costs: Star posts $60m Q3 operating loss

MUMBAI: The Walt Disney Company, which Wednesday declared its third-quarter fiscal 2019 results, has disclosed that Star India posted an operating loss of $60 million due to an increase in media rights servicing costs related to the Indian Premier League (IPL) and ICC Cricket World Cup 2019.

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