Page 8 - Disney

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

Top headlines: After SC say on fraud, onus on banks, Adani Green under ASM

Business Standard brings you the latest headlines at this hour

Disney instructs to identify layoff candidates, may cut 4K jobs in April

It is unclear whether Disney will start laying off employees in small batches or lay off thousands all at once

Here is the reason why Disney+ Hotstar is ending its partnership with HBO

The disagreement on HBO's asking price of $10 million yearly for a five-year deal was a contentious issue between the two entertainment giants

No Succession and Game of Thrones as HBO signs out from Disney+ Hotstar

Disney+ Hotstar subscribers in India will not be able to watch Home Box office (HBO) content on the platform after March 31

Come April, you won't get these HBO shows on Disney+ Hotstar: Reasons here

No Succession, The Last of Us, or Game of Thrones on Disney+ Hotstar after March 31. Last year, the streaming platform also lost the rights to the Indian Premier League

Disney-Star takes guard as Indian Premier League broadcast war heats up

Network is targeting 550-700 advertisers this year and 500 million viewers; it will broadcast T20 league in over 10 language feeds across 22 channels

Disney+Hotstar app, website down during India-Australia test match

Users across the country went to social media platforms complaining they were unable to access Disney+Hotstar services

A new Bill: Walt Disney World loses control of its own district

This decision will make it possible for Florida to tax Disney to help fund road improvements outside the parks

Nelson Peltz, citing changes at Disney, ends push for seat on board

Activist investor Nelson Peltz has called off a proxy fight with Disney one day after newly returned CEO Bob Iger announced a major restructuring of the company that includes thousands of job cuts. Peltz phoned into CNBC on Thursday to say that his firm, Trian Fund Management, got everything it wanted with the changes imposed by Iger. We will be watching, we will be rooting, and the proxy fight is over," Peltz said. Peltz last month announced that he would seek a seat on the board of the entertainment company, citing a failed succession after Iger departed about two years ago and named Bob Chapek as his replacement. Peltz cited over-the-top compensation for executives and other issues. Disney on Wednesday said that it would cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and strategic reorganization." The job cuts amount to about 3 per cent of the entertainment giant's global workforce and were unveiled after Disney reported quarterly results that toppe