Page 2 - Disney

Major shakeup at Disney: New chair named, CEO replacement coming soon

Disney is navigating major changes in entertainment as streaming, led by Disney+ turning profitable, thrives, while the movie industry faces a downturn

Disney to announce next CEO in early 2026, names James Gorman as new chair

The Walt Disney Co. is tapping Morgan Stanley executive James Gorman to serve as its next chairman, beginning early next year. The entertainment giant also announced that it anticipates naming its new CEO in early 2026. Gorman will become chairman on January 2, 2025. He will succeed Mark Parker, who is leaving after serving on Disney's board for nine years. Gorman is currently chair of Disney's succession planning committee. He serves as executive chairman at Morgan Stanley, but will be stepping down from that post at the end of the year. The Disney Board has benefited tremendously from James Gorman's expertise and guidance, and we are lucky to have him as our next Chairman particularly as the Board continues to move forward with the succession process, Disney CEO Bob Iger said in a statement on Monday.

Disney-Reliance JV: All live sports, including IPL, to stream on Hotstar

Disney and Reliance in February agreed a $8.5 billion merger of their media assets to create India's biggest entertainment company, with both together having 120 TV channels and two streaming apps

Warner Bros. Discovery targets over 3,000 hours of fresh content for India

By the end of this year, its factual and lifestyle programming cluster will have released over 3,000 hours of new content available on both linear channels and Discovery+

Delhi HC shuts down 45 rogue streaming sites backing Warner Bros, Netflix

The Court granted a dynamic+ injunction, allowing for not just the blocking of current infringing websites, but also any future mirror or alphanumeric variations of 45 rogue streaming sites

Disney layoffs: Over 300 corporate positions cut amid declining profits

The latest round of layoffs follows Disney's recent 140 job cuts in its TV division, which was 2 per cent of its workforce, as well as 175 layoffs at Pixar, which represents 14 per cent of its staff

ZEEL refutes $940 million Disney Star claim over ICC TV rights deal

Claim came as former failed to pay $1.4 bn within deadline

Disney, DirecTV reach deal to restore programming to satellite TV users

The deal affords satellite TV subscribers greater choice and flexibility, the companies said in a joint statement

Palace coup: How Iger outmanoeuvred Chapek, returned to power at Disney

Iger's 15-year tenure as chief executive had been so successful that he had considered running for president as a Democrat. Queen Elizabeth II knighted him just before she died

Satellite TV provider DirecTV's battle with Disney to reshape bundling

DirecTV's current public battle with Disney has led to 11 million DirecTV customers losing access to ESPN in the middle of the U.S. Open tennis tournamen

Apple set for music, TV streaming fight in India after deal with Airtel

India, Apple Music will become available to premium users of Airtel's Wynk music app, which will eventually close

Deal with Disney marks new era in entertainment industry: Mukesh Ambani

A day after anti-trust regulator CCI greenlit the mega merger of media assets of RIL and Walt Disney, Reliance Chairman Mukesh Ambani on Thursday said the deal marks the beginning of a new era in India's entertainment industry. Welcoming Disney to the Reliance family, Ambani said just like Jio and the Retail business, the expanded media business will be an invaluable growth centre in the Reliance ecosystem. "Let us now talk about our partnership with Disney. This marks the beginning of a new era in India's entertainment industry. We are combining content creation with digital streaming," he said at the RIL AGM. On Wednesday, Competition Commission of India approved the merger of media assets of Reliance Industries and The Walt Disney Co to create the country's largest media empire worth over Rs 70,000 crore. Reliance, through holding firm Network 18, owns TV18 news channels as well as a plethora of entertainment (under the 'Colors' brand) and sports channels. "We will provide ...

CCI gives nod to $8.5 bn Disney-Reliance media assets merger deal

CCI's nod comes with subject to "certain voluntary modifications"

Disney-Reliance offer concessions for merger, but no cricket rights sale

Reliance-Disney are aiming to create India's biggest entertainment player which will compete with Sony, Netflix and Amazon

Disney-Reliance may need to dilute cricket dominance to seal merger deal

According to seven antitrust lawyers, to keep the deal alive the companies will now have to come up with structural changes to their arrangement or so-called behavioural remedies

To seal India merger, Disney-Reliance may need to dilute cricket dominance

The companies can simply sell rights of certain cricket tournaments or for a particular medium, such as TV or streaming, to meet antitrust concerns, they said

Walt Disney tasks Morgan Stanley's Chairman Gorman to lead CEO search

Disney won a months-long proxy war earlier this year with activist investor Nelson Peltz who argued the company had underperformed

Disney plots villains-themed land, four new ships in big resorts push

Disney's announcements reveal how the firm will start $60 billion in capital investments

Tech wrap Aug 8: OnePlus Open Apex Edition, Lenovo Yoga Slim 7x

OnePlus Open Apex Edition foldable launched. Lenovo launches Yoga Slim 7x Copilot+ PC. Instagram to make Views as primary metric for content. Samsung Independence Day offer for Galaxy S24

Disney Plus set to do away with password sharing starting September: Report

Disney Plus will put an end to password sharing with people outside the household from September. User might have to pay for sharing subscriptions with non-household members