Page 5 - Walt Disney

Disney entering Mukesh Ambani's India orbit is a worry for advertisers

Indian advertisers, however, might not be as lucky as Iger, whose contract just got extended by another two years. They may be staring at an erosion of competition

Disney extends CEO Bob Iger's contract two more years through 2026

Bob Iger will remain as CEO of The Walt Disney Co. through the end of 2026, agreeing to a two-year contract extension that will give the entertainment and theme park company some breathing room to find his successor. Shares climbed before the market open on Thursday. Iger rejoined Disney as CEO in November, taking over control of the company from Bob Chapek. He had previously served as CEO and chairman from 2005 to 2020 and then as executive chairman and chairman through 2021. Chapek's short tenure was met by much criticism, particularly from Disney park loyalists who openly criticised Chapek on social media. The perception among many fans was that Chapek had a business first, customer last mentality. Iger wasted no time once back in the CEO role, making one of his priorities reconnecting with the Disney theme park die-hards and restoring their faith in the brand. Because I want to ensure Disney is strongly positioned when my successor takes the helm, I have agreed to the board's

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

Disney searching options for Star: A history of its investments in India

With the acquisition of Star India in 2019, Disney became India's biggest television broadcaster. But now it is looking for strategic options for the biz

Top headlines: Disney explores option for India biz, veggie prices soar

Business Standard brings you the latest headlines at this hour

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

Disney to begin 2nd wave of layoffs, may cut 7,000 jobs to save $5.5 bn

On March 27, Disney began notifying employees who were affected by the workforce reductions, and said a second, larger round would occur in April

Walt Disney begins job cuts with goal of eliminating 7,000 positions

The cuts are expected to fall on all parts of the company, including theme parks and the ESPN sports networks

Walt Disney Co hunts for person responsible for leaking Ant-Man script

The entertainment giant was granted subpoenas Monday ordering Alphabet's Google, Reddit to turn over any data they have that would identify the person or persons who posted the script on their sites

Welspun India seeking opportunity in kids segment through pact with Disney

Home textiles major Welspun India is seeking to tap opportunities in the kids segment through its licensing pact with The Walt Disney Company, according to Welspun's CEO and Joint Managing Director Dipali Goenka. The company, which had signed a brand licensing agreement with Walt Disney in January for the Europe and the UK market this year, also sees an increase of shelf space of licensed brands as compared to its private labels. "If there's a recession, or a slowdown, people will not compromise on their kids' demands...The kids' opportunity is huge. Whether there's a slowdown or there's a peak, that demand never tapers off," Goenka told PTI. The licence agreement had given Welspun the rights to design, develop, manufacture and distribute a complete range of home textiles products leveraging on Disney's franchises and characters across Disney, Pixar, Marvel and Lucas brands. Welspun India President & Global Head Keyur Parekh said the licensing pact with Walt Disney marks the foray

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

Subscribers leave Disney+ Hotstar; paid user base falls 6% in Dec quarter

Parent firm to fire 7,000 staffers globally to save $5.5 bn in costs, make streaming biz profitable

Disney to cut 7,000 jobs in major revamp to make streaming biz profitable

The layoffs represent an estimated 3.6% of Disney's global workforce

Disney to introduce its own metaverse platform, Starverse in India

It is anticipated that metaverse will bring another dimension to user interaction. It has the potential to enrich user experience by providing real-time user interaction

'Avatar 2' is now top-grossing pandemic-era film, surpassing 'Spider Man'

The James Cameron-directed film has taken in $1.93 billion globally, Disney said in a statement

CES 2023: Amazon, Disney partner to launch new voice assistant 'Hey Disney'

Amazon and Disney have teamed up to launch a new voice assistant called 'Hey Disney!', which was shown with a live demonstration at the Consumer Electronics Show (CES) 2023

Disney's 'Avatar: The Way of Water' crosses $1 billion at global box office

It's the fastest a film has made that much since Spider-Man: No Way Home a year ago, according to a statement from Disney on Wednesday

Mickey's copyright adventure: Early Disney creation to be public property

The version of the iconic character from "Steamboat Willie" will enter the public domain in 2024. But those trying to take advantage could end up in a legal mousetrap

Disney set to offload entire stake in Tata Play during IPO: Report

Disney's move comes at a time when it is focusing on its broadcast and streaming service businesses in India

Disney finally gets a break in China with theater release for Avatar 2

Avatar: The Way of Water, a follow-up to the 2009 hit movie, was cleared for a Dec. 16 release date, raising the earnings potential for one of Disney's biggest films of the year