The Latest Breaking News from Bob Chapek

Disney is planning an LGBTQ event amid a growing feud with DeSantis prompted by his 'Don't Say Gay' bill

Disney’s planned LGBTQ celebration in California risks increasing tension with the Florida governor over his “Don’t Say Gay” law.

Fortune · Apr 18, 2023

Beware the boomerang CEO

Boomerang CEOs signal a succession-planning failure, as evidenced by Disney’s Bob Iger.

Fortune · Apr 17, 2023

The Great Netflix Correction One Year Later: April 19, 2022, the Day That Transformed the Streaming Biz (Bloom)

Sure, Netflix rebounded nicely, but Wall Street's dramatic reaction to its Q1 2022 earnings had huge impacts on its streaming competitors that continue to reverberate

Broadcasting & Cable · Apr 16, 2023

Following Bob Iger’s Viral Email, The Layoffs At Disney Have Begun

7,000 Disney Cast Members are set to be laid off before the summer.

Cinemablend · Mar 28, 2023

Disney Dumps Metaverse Aspirations. That Was an Easy Decision

The first of Disney’s 7,000 job cuts have begun to happen. One of the decisions was to eliminate approximately 50 jobs from its metaverse-driven next-generation storytelling unit. The move makes abundant sense. Here’s why.

Barchart · Mar 28, 2023

Bob Chapek’s Metaverse Unit Gets Whacked Amid Disney’s Mega-Cuts

The ‘Next Generation Storytelling and Consumer Experiences’ division was one of the former Disney CEO’s pet projects

Broadcasting & Cable · Mar 28, 2023

Disney joins Microsoft and Snapchat as latest big-name company to slink away from metaverse ambitions

Companies are moving away from the nascent industry as regulators increasingly scrutinize crypto and the buzz around A.I. rises.

Fortune · Mar 28, 2023

Disney layoffs begin this week. Iger says 7,000 job cuts to finish before summer

Walt Disney Co. this week begins its plan to cut 7,000 jobs as part of a wider effort to rejuvenate the Burbank entertainment giant's finances and reach profitability at its streaming business.

Los Angeles Times · Mar 27, 2023

Attorney for former Marvel executive Victoria Alonso says she was silenced as 'a gay Latina.' Disney calls claim 'unfortunate'

LOS ANGELES — An attorney representing former Marvel Studio executive Victoria Alonso, who was fired earlier this week from the Walt Disney Co.-owned superhero juggernaut, is firing back at reports that she was pushed out over an Oscar-nominated film she produced.

Los Angeles Times · Mar 25, 2023

Is Disney a Good Stock to Buy Right Now?

Entertainment giant Walt Disney (DIS) recently notched its 52-week low of $84.07. The stock is expected to be on a downward trajectory as the company grapples with higher streaming expenses, fears of declining consumers’ discretionary spending, and other macroeconomic headwinds. However, given DIS’ solid revenue growth in the first quarter…

StockNews.com · Mar 13, 2023