Disney answers activists with gaming investment, ESPN streaming plans
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney CEO Bob Iger hit back at activist investors on Wednesday with a slew of announcements, including a splashy…
Disney, Fox, Warner Bros Discovery to create joint sports streaming platform
By Dawn Chmielewski (Reuters) – Fox Corp, Walt Disney’s ESPN and Warner Bros Discovery said on Tuesday they will launch a sports streaming service later this autumn to capture younger…
US regulator denies Apple, Disney bids to skip votes on AI
By Ross Kerber (Reuters) – Apple and Disney cannot avoid shareholder votes about their use of artificial intelligence put forward by a labor group, the top U.S. securities regulator has…
Disney pauses ads on Elon Musk’s social media platform X
By Maria Ponnezhath and Samrhitha Arunasalam (Reuters) – Walt Disney Co said on Friday it has paused advertising on Elon Musk’s social media site X. Lionsgate suspends advertising on X…
Blackstone holds initial talks with Disney for stake in India arm
By M. Sriram and Aditya Kalra MUMBAI (Reuters) – Private equity firm Blackstone has held preliminary discussions with Walt Disney to acquire a stake in the Indian arm of the…
Disney creates task force to explore AI and cut costs
By Dawn Chmielewski and Krystal Hu (Reuters) – Walt Disney has created a task force to study artificial intelligence and how it can be applied across the entertainment conglomerate, even…
Disney shares slip as streaming losses narrow but some subscribers leave
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Walt Disney Co reduced streaming losses by $400 million from the prior quarter but also shed subscribers, the company reported…
Walt Disney Co begins 7,000 layoffs
By Dawn Chmielewski LOS ANGELES(Reuters) – Walt Disney Co on Monday began 7,000 layoffs announced earlier this year, as it seeks to control costs and create a more “streamlined” business,…
Apple in talks with Disney, others on VR content for new headset
By Tiyashi Datta (Reuters) – Apple Inc was in talks with about half a dozen media partners including Walt Disney Co to develop virtual reality (VR) content for its mixed…
Disney, activist investor Peltz gird for fight over board seat
By Svea Herbst-Bayliss, Uday Sampath Kumar and Yuvraj Malik NEW YORK (Reuters) – Walt Disney Co and billionaire Nelson Peltz are squaring off for a boardroom battle after the home…