The Latest Breaking News from Bob Chapek

Activist investor Nelson Peltz is calling 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

New CEO says he “was not looking for a job” when he got the call.

The cuts make up about 3% of Disney’s 220,000-person global workforce and come as the company beat Wall Street’s earnings forecasts.

Bob Iger is back at Walt Disney Co., but that doesn’t mean the entertainment giant is out of the woods yet.

The Mouse House voiced skepticism as to the Trian co-founder's motives, arguing he lacks the necessary experience and would be disruptive at a key juncture in time for the media industry.

Morrell left Disney after a tumultuous few months at the company that saw it embroiled in a row over the Florida's so-called "don't say gay" bill.

The Galactic Starcruiser is struggling to live up to expectations less than a year after launching.

Most children, probably by the age of 10, have learned the lesson that the worst way to placate bullies is to give them what they want.

Compare that to his 2021 salary of $32.5 million.

The Walt Disney Co. has come out swinging against activist shareholder Nelson Peltz's campaign to join the company's board of directors, saying the billionaire lacks a basic understanding of Disney's business and has offered no strategic ideas.

In response to House Republicans’ plans to use their new majority to investigate the ESG movement, three Democratic senators penned an op-ed accusing their GOP colleagues of overstepping. The three senators—Sheldon Whitehouse (D-R.I.), Brian Schatz (D-Hawaii), and Martin Heinrich (D-N.M.)—also accused Republicans who oppose ESG of being anti-capitalist: