The Walt Disney Company Articles and News Stories
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
DeSantis Appoints New Member to His Oversight District
Earlier this week, we shared the news that Michael Sasso resigned as 1 of 5 Central Florida Tourism Oversight District Board of Supervisors. The news was announced Thursday afternoon that Governor Ron DeSantis appointed Charbel Barakat to step into his Sasso’s place, which is subject to confirmation by the Florida Senate. Governor Ron DeSantis also … DeSantis Appoints New Member to His Oversight District
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’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
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
The Walt Disney Company Q2 2023 Earnings Call RECAP
Today The Walt Disney Company held its Q2 2023 earnings call. Here they discuss fiscal second quarter 2023 financial results. They also released exciting news!
Disney Parks, Experiences, and Products Revenues for Q2 Are Up
Disney stated that results at the domestic parks and resorts were slightly unfavorable to the prior-year quarter. The Q2 results show that revenues are up 17%.
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