Disney has fired back at Nelson Peltz and his Trian Fund’s campaign to win two board seats with an attack on the activist’s motivations and qualifications. In a 66-page regulatory filing, Disney said Peltz and Trian’s other designated board candidate, former Disney CFO Jay Rasulo, “are not what Disney needs right now.” Disney says Peltz […]

Disney is bracing for another proxy battle with the activist investor Nelson Peltz. James Gorman, Morgan Stanley’s chief executive, and Jeremy Darroch, who formerly ran Sky, the British television company, will join Disney’s board early in 2024, according to a securities filing. “Their appointments reflect Disney’s commitment to a strong board focused on the long-term […]

The Walt Disney Company has reported earnings for its fourth quarter and full year ended September 30th 2023. Financial Results for the Quarter and Full Year. Revenues for the quarter and year grew 5 per cent to $21.24 billion (€19.8bn) and 7 per cent compared to the prior-year quarter and prior year, respectively. Disney+ added […]

Following in the footsteps of Netflix, Disney+ is beginning to target subscribers who are sharing their account login details – initially in Canada. An email sent to Disney+ subscribers in Canada has informed them that the service will begin restricting their “ability to share your account or login credentials outside of your household” beginning on […]

Byron Allen has made a $10 billion (€9. 3bn) offer for Disney’s ABC and other linear networks according to Allen Media Group. Station owner Nexstar, which bought the CW Network, also has expressed interest in buying ABC and its stations from Disney. Disney CEO Bob Iger has said that the company’s linear networks, including ABC, […]

The Walt Disney Company has reported Q3 earnings with revenues at $22.3 billion (€20.2bn) – a 4 per cent growth from the previous year. Although SVoD service Disney+ managed to significantly trim losses (down to $512 million from $1.06 billion a year earlier) subscriber numbers still saw a steep decline, falling from 157.8 million worldwide […]

The Walt Disney Company’s 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 absence. Veteran Disney executive Kevin Lansberry, Executive Vice President and Chief Financial Officer of Disney Parks, Experiences and Products, will serve as the company’s Interim CFO, […]

The Walt Disney Company, amidst its 100th anniversary, has reported its Q2 2023 earnings. Revenues were at $21.81 billion (€19.94bn), an increase of 13 per cent on the same period last year. Disney+ lost 4 million subscribers (now at 157.8 million), mostly via its Hotstar service in Asia, after losing 2.4 million in the previous […]

The Walt Disney Company is closing 20th Digital Studio, the latest casualty in the most recent round of layoffs. The unit launched in 2008 as Fox Digital Studio to make shortform genre content. It also develops select shorts into longer form content and partners emerging talent with established producers. Several 20th Digital Studio projects streamed […]

The Walt Disney Company is beginning the process of cutting about 7,000 jobs.CEO  Bob Iger said the cuts would start this week and last until the early summer, with the bulk taking place in April. Iger said the measures were needed for Disney to adopt “a more effective, co-ordinated and streamlined approach to our business”. […]