Disney News
Find the latest Disney news, announcements, rumors, updates, and coverage from across the Disney parks, resorts, cruise line, and entertainment brands.
Disney to Incur $1.5 Billion Impairment Charge for Removal of Disney Plus Content
Last month, Disney removed dozens of movies and shows from Disney+ and Hulu. According to an SEC filing Friday afternoon, The Walt Disney Company will incur a $1.5 billion impairment charge in its fiscal Q3 “financial statements to adjust the carrying value of these content assets to fair value.” Disney said they continue to review … Disney to Incur $1.5 Billion Impairment Charge for Removal of Disney Plus Content
Judge Disqualifies Himself from Disney vs. DeSantis Lawsuit
Last month, you may have seen that Governor Ron DeSantis filed a motion to remove Judge Mark Walker from the Disney vs. DeSantis lawsuit. As previously reported, Disney responded to DeSantis’s motion arguing that the points made did not meet the criteria for disqualification. Thursday evening, Judge Walker denied the Governor’s motion to recuse himself, … Judge Disqualifies Himself from Disney vs. DeSantis Lawsuit
Disney Closes the Book on 7000-Person Workforce Reduction
It’s been reported that the infamous 7000 job cut that Disney announced earlier this year has now been completed. Entertainment news outlet Variety has published an article stating that the last of the layoffs were handed out last Friday, ahead of Memorial Day weekend, saying that the “company still has plans to eliminate more roles … Disney Closes the Book on 7000-Person Workforce Reduction
Disney Responds to DeSantis’ Request to Disqualify Judge in Ongoing Legal Battle
Last week, we told you about the motion that was filed by attorneys representing Florida Governor Ron DeSantis and the Central Florida Tourism Oversight District to disqualify Judge Mark E. Walker in a legal dispute with Disney. The attorneys argued that Walker’s statements a year ago gave “an appearance of partiality that would lead a … Disney Responds to DeSantis’ Request to Disqualify Judge in Ongoing Legal Battle
Disney’s Third Round of Job Cuts, 2500 Employees on the Line
Sources close to CNN have revealed that The Walt Disney Company is embarking on the third round of job cuts since the announcement earlier in the year of a restructuring that would include the loss of 7000 employees. It is not yet known which departments will be the focus of the move. With the company … Disney’s Third Round of Job Cuts, 2500 Employees on the Line
Disney Chairman Josh D’Amaro Comments on Starcruiser Closure & More During JP Morgan Conference
Josh D’Amaro, Chairman, Disney Parks, Experiences and Products, The Walt Disney Company, participated in a question-and-answer session at the JP Morgan Global Technology, Media & Communications Conference on Monday. During the conference, Josh addressed several topics that are of high interest currently. When asked if the political drama going on in Florida has impacted the … Disney Chairman Josh D’Amaro Comments on Starcruiser Closure & More During JP Morgan Conference
FL Gov. DeSantis Files Motion to Disqualify Judge from Disney Lawsuit
Friday afternoon, FL Governor Ron DeSantis’ office filed a motion to disqualify Judge Mark E. Walker in their legal battle with The Walt Disney Company. Part of the state’s argument is below. The Court’s unprompted suggestion, on two separate occasions, that the State punished Disney by eliminating its ‘special status’ gives an appearance of partiality … FL Gov. DeSantis Files Motion to Disqualify Judge from Disney Lawsuit
Disney Officially Cancels Lake Nona, FL Relocation Project
UPDATE: Florida Governor Ron DeSantis’ office has responded to the Lake Nona project cancellation as well with the following statement: Disney announced the possibility of a Lake Nona campus nearly two years ago. Nothing ever came of the project, and the state was unsure whether it would come to fruition. Given the company’s financial straits, … Disney Officially Cancels Lake Nona, FL Relocation Project
Hong Kong Disneyland’s New World of Frozen Opens November!
There is nothing more exciting in a Disney theme park than the opening of a brand-new expansion. Disney has just announced that the long-awaited new area of Hong Kong Disneyland will be opening in November of 2023! There has never been a better time to plan a Disney vacation overseas now that you can walk … Hong Kong Disneyland’s New World of Frozen Opens November!
New Lawsuit Claims Disney Misled Investors
It’s been a tough year for The Walt Disney Company as they navigate the political waters of Florida, trading lawsuits with Governor Ron DeSantis over changes to the local region. Now, the legal team for the theme park and entertainment giant is working through a new suit that was filed in California on May 12th … New Lawsuit Claims Disney Misled Investors
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