Disney News

News » Disney News » Page 100

Find the latest Disney news, announcements, rumors, updates, and coverage from across the Disney parks, resorts, cruise line, and entertainment brands.

Disney CEO Bob Iger Cautions Shareholders That Profits Will Be Similar to Last Year

Disney shares dropped 4 percent after CEO Bob Iger warned shareholders that profit this year will be similar to last year. Iger said, “You have to look at the year being roughly in line…with what we delivered in fiscal (20)16.” According to CNBC, in 2016 Disney reported earnings per share at $5.72, and Thomson Reuter Disney CEO Bob Iger Cautions Shareholders That Profits Will Be Similar to Last Year

Anticipated Cost Cuts Could Mean Layoffs for Disney-ABC Television Group

As Disney’s fiscal year-end approaches, several online sources including the Wall Street Journal, are reporting that Disney is looking to cut up to 10% in their costs at their ABC Television Group division. Those affected could include the ABC broadcast network, ABC Studios, ABC News, and local stations, with Disney Channel and Freeform possibly seeing Anticipated Cost Cuts Could Mean Layoffs for Disney-ABC Television Group

Disney Musicals in Schools to Add Five New Cities to the Outreach Program

Seven years ago, Disney started Disney Musicals in Schools, a free outreach program designed to allow the children from “under-resourced public elementary schools” to perform in a Disney musical written specifically for young children. This program allows schools free performance rights to Disney titles including Aladdin, The Lion King, The Jungle Book, Winnie the Pooh, Disney Musicals in Schools to Add Five New Cities to the Outreach Program

Union Wage Negotiations Begin; Disney Proposes 2.5% Salary Increase

As the first round of negotiations between Disney and union representatives began yesterday, Disney placed their opening offer on the table. Their proposal would increase cast member salaries by 2.5%, while freezing the new hire starting minimum wage at $10 an hour. The coalition of unions representing more than half of Disney World employees has Union Wage Negotiations Begin; Disney Proposes 2.5% Salary Increase

Disney and ABC to Host ‘Day of Giving’ on Aug. 31 to Support #Harvey Relief Efforts

Disney and ABC News have jointly announced a $1 million cash commitment to the American Red Cross in support of recovery efforts for communities affected by Hurricane Harvey. In addition to that, they will hold a ‘Day of Giving’ to benefit those impacted by the hurricane this Thursday, August 31, 2017. Programming across all platforms Disney and ABC to Host ‘Day of Giving’ on Aug. 31 to Support #Harvey Relief Efforts

General Motors Co. Chairman & CEO, Mary T. Barra Elected to Walt Disney Company Board of Directors

The Walt Disney Company Board of Directors has elected Mary T. Barra, Chairman and Chief Executive Officer of General Motors Co., as a director to become effective immediately. Ms. Barra’s addition to the board brings Disney’s total board membership to 12. “Beyond being an incredibly respected leader of a major US company, Mary is recognized General Motors Co. Chairman & CEO, Mary T. Barra Elected to Walt Disney Company Board of Directors