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.

Nov 21, 2022 09:11

Bob Iger back in the saddle at Disney after Chapek gets the boot

In an industry shocker of an announcement that came right out of left field as it were, The Walt Disney Company announced late Sunday (US time) the return of Bob Iger as CEO, less than a year after the company veteran retired. In a terse notice, The House of Mouse stated that the recently re-upped Bob Chapek is out.

Sep 01, 2022 17:09

Star-Zee deal locks Viacom18 out of cricket rights supremacy

DID THE HEAD HONCHOS AT The Walt Disney Company not read their own memo? That certainly appears to be the case considering how far beyond even the most aggressive projections was the winning bid made by Disney Star to ensure the ICC TV and digital rights to both men’s and women’s global cricket events for the next 4-year cycle were kept "in house".

Aug 11, 2022 16:08

Post IPL digital rights loss, Disney lowers '24 forecast for Disney+

The Walt Disney Company has lowered its 2024 forecast for its Disney+ streaming service to 215 million to 245 million subscribers, down 15 million on both the low end and high end of the company’s previous guidance of 230-260m paid subscribers.

May 13, 2022 11:05

IPL drives 4m+ Disney+ Hotstar subscriptions in March quarter

MUMBAI: The BCCI's value pitch for the Indian Premier League's digital rights just got some serious heft with the declaration by the Walt Disney Company in an earnings call that Disney+ Hotstar had added over 4 million new subscribers in the March quarter, "which benefited from the start of the new IPL season".

Feb 10, 2022 20:02

If Disney loses IPL, local content will mitigate impact: Chapek

MUMBAI: The Walt Disney Company CEO Bob Chapek, discussing the media behemoth's latest earnings report, has asserted that while the Indian Premier League is "an important component" of its India business, "it's not like we see that business evaporating if we don't get (retain) it".

Nov 12, 2021 13:11

Cricket rights servicing makes 21-22 Q1 tough one for Disney-Star

MUMBAI: "At Linear Networks, we expect that first quarter operating income will decrease by nearly $500 million versus the prior year, reflecting factors including higher contractual sports rights costs for college football and the NFL, timing of cricket expenses at Star India..." That was Christine McCarthy chief financial officer at The Walt Disney Company on an investors' call on Wednesday.

Apr 27, 2021 17:04

Disney shuttering sports channels in SE Asia, HK from 1 Oct

MUMBAI: The Walt Disney Company announced Tuesday it is shutting down pretty much all of its pay-television business in South-East Asia and Hong Kong later this year, marking the end of an era for a media conglomerate that has had a huge entertainment supply chain in the region.

Mar 11, 2021 14:03

7-yr multi-platform deal sees NHL back on ESPN, Disney platforms

NEW YORK: The Walt Disney Company, ESPN and the National Hockey League announced a seven-year television, streaming and media rights deal on Wednesday, taking the new partnership from the beginning of the 2021-22 season through the 2027-28 season. The agreement brings the NHL back to Disney and ESPN platforms for the first time since 2004.

Mar 04, 2021 14:03

DAZN Group names ex-Disney top deck exec as board chairman

LONDON: DAZN Group, the leading global sports streaming platform, Wednesday announced Kevin Mayer has been appointed chairman of the board of directors.

Feb 15, 2021 14:02

Disney+ Hotstar drag on TWDC ARPU; cricket key part of strategy

MUMBAI: With almost 29 million subscribers, Disney+ Hotstar makes up 30 percent of the Disney+ subscriber base, but the inclusion of the former has brought down the average monthly revenue per paid subscriber down to $4.03 from an ARPU of $5.56 for Disney+.

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