Tag Archives: The Walt Disney Company

Disney Lays Off More Than 145 People for Parks and Resorts Restructuring

The Walt Disney Company notified Parks and Resorts cast members today that they are laying off 0.1 percent of the division, which would equal out to more than 145 positions. The jobs have been cut as part of a restructuring program, and Disney is assisting the affected employees in finding other positions both within and […]

Disney’s 4th Quarter Report Shows Declines Everywhere but Parks and Resorts

The Walt Disney Company released their earnings report for the fourth quarter of their fiscal year on Thursday afternoon and, with the exception of their Parks and Resorts division, the company saw widespread declines in revenues and operating income. Here is how Disney fared overall, as compared to its performance in 2016’s fourth quarter as […]

Hispanic Scholarship Fund Receives $1.5 Million Commitment from Disney

The Walt Disney Company has announced a $1.5 million commitment to the Hispanic Scholarship Fund (HSF). The HSF was established back in 2014 with a $1 million grant from Disney and continues to play an important part in the Company’s efforts to assist students from various backgrounds in their pursuit of their educational goals. Additionally, Disney’s collaboration […]

Disney Plans to Begin Phase 1 of Flamingo Crossings Retail Space Development in 2018

The Walt Disney Company is set to begin work on a project that has been delayed since 2007; retail and restaurant space will be developed in Flamingo Crossings starting in 2018. Disney has plans to build and retain ownership of roughly 237,000 square feet of space located in the area west of S.R. 429. The […]

Disney Executives Receive Contract Extensions and Raises

Yesterday, Disney extended the job contracts of the chief financial officer, general counsel, and chief strategy officer. Disney also gave a raise to the chief human resources officer. The contract extensions and renegotiations became public through a filing with the Securities and Exchange Commission. Chief Financial Officer Christine McCarthy and Chief Strategy Officer Kevin Mayer […]

Disney Facing Lawsuit over Stolen Motion Capture Technology Used on 3 Films

While Disney has dealt with legal issues lately springing up from claims they stole others’ ideas as the basis for films (Zootopia, Inside Out), this newest lawsuit put before the company is about stolen tech. VFX firm Rearden LLC filed an injunction Monday against The Walt Disney Company to prevent them from distributing three films they […]

Verizon CEO Lowell McAdam Responds to Disney Purchase Rumor

On Saturday, July 1st, the New York Post published an article referencing a rumor that Verizon Communications Inc. was considering a takeover of the Walt Disney Company. Ten days later, Verizon CEO Lowell McAdam was attending Allen and Co.’s annual media and technology summit, where questions of the possible buyout naturally came up. When asked […]

Verizon Rumored to Be Considering Disney Buyout

A rumor put forth by the New York Post on Saturday claims that Verizon may be exploring the possibility of purchasing The Walt Disney Company. The idea of a merger isn’t incredibly far fetched, as Verizon Communications Inc. CEO Lowell McAdam stated back in April that the company was open to mergers with Comcast, CBS, […]

Disney Faces Lawsuit Over Another Major Movie: ‘Inside Out’

While litigation is still underway concerning Disney’s Zootopia, another person has stepped forward with claims that the Walt Disney Company and Pixar stole the idea behind their feature Inside Out. Denise Daniels, a parenting and child development specialist who has been featured on shows such as Today and Oprah, is claiming that the idea for color-coded […]

Disney Joins Others in Coalition to Prevent and Prosecute Piracy

Piracy is not only an ever present problem for entertainment companies, but an ever growing one as well. A new alliance of entertainment producers and providers has formed in an effort to do something about it, and Disney is on board. The Alliance for Creativity and Entertainment is a coalition that aims to combat piracy, […]