disney
Hunt for Disney CEO Bob Iger’s successor kicks into high gear
With Walt Disney‘s months-long proxy war with activist investor Nelson Peltz in the rear-view mirror, attention is refocused on finding CEO Bob Iger‘s successor. The board has extended Iger’s retirement date five times, continually deferring decisions about finding a replacement. Disney board members sought to reassure investors, ahead of Wednesday’s shareholder vote, that this time … Read more
Disney, Reliance talks on merger reach last lap
Mumbai: With a week to go before the exclusivity period deadline for bilateral negotiations comes to an end on February 17, Walt Disney Co and Reliance Industries (RIL) are in the last leg of negotiations to finalise their mega stock-and-cash merger to create India’s largest media and entertainment business, said people in the know. Under … Read more
Disney hikes prices for ad-free Disney+ and Hulu services and vows crackdown on password sharing
Walt Disney Co. CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year. The increases will raise the monthly cost of ad-free Disney+ by $3, or roughly 27%, to almost … Read more
For Disney, streaming losses and TV’s decline are a one-two punch
Bob Iger‘s urgent need to overhaul Disney – to turn its streaming division into a profitable enterprise and pull back on its troubled traditional television business – came into sharp relief Wednesday. Disney’s streaming operation lost $512 million in the most-recent quarter, the company said, bringing total streaming losses since 2019, when Disney+ was introduced, … Read more
Teja Kakumanu to debut as director with Disney+ Hotstar Telugu comedy web series ‘Save the Tigers’
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Director Teja Kakumanu and actor Priyadarshi with Gangavva on the sets of ‘Save the Tigers’ | Photo Credit: Special Arrangement The title, Save the Tigers, might lead to an assumption that it is a documentary or docu-fiction on saving the big cats. A Telugu web series has this title for a comedy- relationship drama in … Read more
Disney closes Shanghai park as virus rises, Shenzhen reopens
China’s case numbers in its latest infection wave are low compared with other major countries, but authorities are enforcing a “zero tolerance” strategy that has suspended access to some major cities. Disney Co closed its Shanghai theme park on Monday as Chinese authorities tried to control the city’s biggest coronavirus flareup in two years, while … Read more
Disney Pauses Worker Vaccine Mandate After Florida’s Ban
Nov. 22, 2021 — The Walt Disney Company has paused its COVID-19 vaccine mandate for employees at its theme parks in Florida after state lawmakers banned employers from requiring workers to get vaccinated. Walt Disney World could have faced fines under the policy, a company spokesperson told The New York Times. The Biden administration has … Read more