Page 7 - Disney

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Disney's India business sale may attract private equity firms, local rivals

In 2019, when Walt Disney acquired 21st Century Fox's entertainment business for $71.3 billion, the valuation of the India business was pegged at $14-15 billion

Walt Disney Co weighs options for struggling TV business in India

Disney's plan to consider at least a partial pullout from its India TV business came after CEO Bob Iger expressed his disappointment with the company's performance in India

Disney exploring strategic options for its India biz including JV, and sale

The company has talked to at least one bank about ways to help the India business grow, while sharing some of the costs, according to the report

Disneyland to put 1,500 collectables up for auction later in July

Fans who agree Disneyland is indeed the happiest place on Earth will soon be able to take home more than a souvenir. A passionate collector has brought Disney magic to a sprawling 30,000-square-foot (2,800-square-meter) building in Burbank, California, where fans can hear birds chirping in the Enchanted Tiki Room section or giggle at the animated ghosts from the Haunted Mansion ride as they preview more than 1,500 items up for auction later this month. Joel Magee has been building his collection of more than 6,000 items including costumes, rare posters, and life-size vehicles from rides like Dumbo and Peter Pan for 30 years, and he's finally ready to share some of it with the public. I'm one of those guys go big or go home. And if you don't have the biggest, then it ain't the best, Magee told The Associated Press in a recent interview, as fans milled about the exhibit. Magee's is the largest individually owned Disneyland/Disney Park collection in the world. It's really kind of .

National Geographic lays off last writers, will not be sold in US anymore

National Geographic layoffs: Job cuts by Disney, the publication's parent company, were the second over the past nine months

Netflix, Amazon, Disney-backed group protests India's tobacco rules: Report

As part of India's anti-tobacco drive, the health ministry last month ordered streaming platforms to insert static health warnings during smoking scenes within three months

Disney+Hotstar to let users stream World Cup 2023, Asia Cup free on mobile

More than 540 million smartphone users in India will be able to watch the Asia Cup and ICC Men's Cricket World Cup for free

Buoyed by record viewership in IPL, Disney Star eyes another leap

With Tata IPL 2023 surpassing expectations in terms of viewership and fan engagements, broadcaster Disney Star is now gearing up for another leap in the coming sporting events, including ICC tournaments and pro-Kabaddi league, the company's head for sports Sanjog Gupta said. During the latest IPL season concluded last week, Broadcast Audience Research Council (BARC) data suggested play-offs delivered a 44 per cent higher rating than last year and surpassed the previous peak recorded during 2020. The surge in viewership extended to the Hindi-speaking markets, where Disney Star grabbed the highest viewership ever with 32.9 crore. "It has surpassed our expectations," Gupta told PTI, adding, "most of the records have been broken" this season in terms of viewership. Now Disney Star would focus on the coming ICC events such as Asia Cup and India's tour to South Africa besides pro-kabaddi league, in which it has invested substantially. "We are currently very much focused on the pro-kabad

Netflix, Disney and Amazon to challenge India's tobacco rules for streaming

As part of India's anti-tobacco drive, the health ministry this week ordered streaming platforms should within three months insert static health warnings during smoking scenes

Disney to give pink slip to 2,500 employees in third round of layoffs

The first round of layoffs began in March when Disney CEO Bob Iger announced three rounds of layoffs as the company aims to reduce its workforce by around 7,000 workers

Disney scraps plans for new Florida campus as fight with Guv continues

The Walt Disney Co. announced Thursday that it was scrapping plans to build a new campus in central Florida and relocate 2,000 employees from Southern California to work in digital technology, finance and product development. The decision follows a year of attacks from Gov. Ron DeSantis and the Legislature, with Disney filing a First Amendment lawsuit against him and other officials last month. Disney had planned to build the campus about 30 kilometers from the giant Walt Disney World theme park resort, but Josh D'Amaro, chairman of the parks, experiences and products division, said in a memo to employees that "new leadership and changing business conditions" prompted the company to abandon those plans. "I remain optimistic about the direction of our Walt Disney World business," D'Amaro said. "We have plans to invest USD 17 billion and create 13,000 jobs over the next ten years. I hope we're able to do so." The governor's office didn't immediately respond to a message seeking comme

Refrain from using obscene content: Parliamentary panel tells OTT platforms

Several members of the panel brought up the issue of abusive language and obscenity in the content showcased on OTT platforms

Disney+ loses 4 million subscribers as fresh layoff round approaches

Entertainment giant The Walt Disney Company's flagship streaming service Disney+ lost four million subscribers in its second quarter that ended April 1

IPL 2023: 370 mn viewers watched first 19 matches on TV, says Disney Star

Disney Star, the official television broadcaster of IPL 2023, said that 369 mn viewers, based on BARC data tuned in to Network's live broadcast of the first 19 matches

Kevin Vaz resigns from Disney Star, to join Viacom18 as its new CEO

Vaz was earlier the head of infotainment, kids and regional entertainment channels Star and Disney Indi

Disney poised to eliminate thousands of jobs next week to cut annual costs

As part of that effort, the company is paring its commitment to general entertainment, focusing more on franchise properties and well-recognized brands

Apple at heart of US-China selective decoupling, says Gallagher

Representative Mike Gallagher, the chairman of a House committee focused on US-China competition, met with Apple Chief Executive Officer Tim Cook

140 million tune in to watch Day 1 of IPL on TV, up 47%: Disney Star

Total match views on Day 1 on the OTT platform JioCinema touched a whopping 500 million

65% from 85%: Bonus slashed for Meta Platforms staff, says report

Meta gave thousands of employees subpar ratings in its most recent round of performance reviews, WSJ reported