Disney News

The Walt Disney Co. has released their financial report for the third quarter of the fiscal year. Theme park revenue was up 5.1 percent to $4.1 billion. Year-to-date earnings were up 6.3 percent to $11.8 billion. Operating income came in at $922 million, which is an increase of 9 percent from the previous year. Quarterly … Disney releases 2015 third quarter financial report

Disney has announced this year’s Disney Legend Award recipients who will be honored at the D23 Expo this August at the Anaheim Convention Center in a ceremony to be hosted by chairman and CEO Bob Iger. According to Iger, “The Disney Legend Award is our highest honor, and we are incredibly proud to recognize these … Disney announces 2015 Disney Legend honorees

The Walt Disney Co. has named Christine M. McCarthy their Chief Financial Officer, after the resignation of Jay Rasulo. Kevin Mayer has been appointed Chief Strategy Officer of The Walt Disney Company. McCarthy will report to Bob Iger, Disney’s Chairman and Chief Executive Officer, who said, “Christine has done an incredible job as Disney’s Treasurer … The Walt Disney Co. appoints Chief Financial Officer and Chief Strategy Officer

After a “glitch” caused issues with guests’ Disney Vacation Accounts last week, the website is still down and customers are getting more upset. A technical upgrade to the website caused the error, resulting in some customers having too much money taken for their bank accounts. The issue began last Tuesday, June 16; the Disney Vacation … Disney Vacation Account website still not back online

Some customers utilizing Disney Vacation Accounts found that extra money was deducted from their bank accounts and credit cards and transferred into the vacation savings accounts as part of a technical glitch. A systems upgrade was responsible for the glitch and Disney is currently in the process of refunding the money. Members checking their Disney … Technical glitch causes extra charges for Disney Vacation Accounts

We have learned that our original story was incorrect and that the layoff reversal actually refers to a different round of layoffs.  The corrected story is below: On May 28, Disney ABC Television Group gave layoff notices to 30-35 application developers.  As with the other tech layoffs Disney has announced recently, the jobs were being … Update: Disney rescinds layoffs of 35 tech workers

U.S. Senator Bill Nelson has put Disney under the microscope for the recent news of the company laying off technology employees and replacing them with foreign workers. Disney laid off 250 people in October and January from their technology departments. 120 of those employees found jobs in other departments in the company; 70 positions were … U.S. Senator wants Disney investigated for abusing visa program to hire foreign tech employees