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The Latest Breaking News from Bob Iger

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

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

Disney’s 7,000 layoffs will come in 3 waves starting this week, Bob Iger tells staff

The returning CEO also said that for those who remained at the company there would be “challenges ahead.”

Fortune

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Liv Tyler to return to MCU 16 years after The Incredible Hulk role for Captain America film

Actor will reprise role in ‘Captain America: New World Order’

The Independent UK

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

Disney Starts First Wave of 7,000 Planned Staff Layoffs

CEO Bob Iger cites ‘difficult reality’

Multichannel News

All HBO shows to leave Disney+ Hotstar on 1 April

Shows leaving the streaming service include ‘Entourage’, ‘Succession’ and ‘The Last of Us’

The Independent UK

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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

Major Disney Layoffs Are Coming. It's Being Described As 'A Bloodbath'

Disney announced major layoffs last month and it looks like they will be hitting Cast Members soon.

Cinemablend

All HBO shows to leave Disney+ Hotstar on 1 April

Shows leaving the streaming service include ‘Entourage’, ‘Succession’ and ‘The Last of Us’

The Independent UK

One of Marvel's top executives is out amid Disney shake-up and MCU Phase 5 disappointment

Victoria Alonso has been with Marvel Studios from the very beginning, co-producing its first film in 2008 with Iron Man—now she's out after nearly two decades at the company.

Fortune

One Way Walt Disney World Is Trying To Help With Crowd Control (Outside Of Raising Ticket Prices)

Disney World is always trying to manage crowds, but the resort may have found on way to do it that guests actually like.

Cinemablend

Disney plans 4,000 layoffs as part of previously announced job cuts: report

The Walt Disney Co. plans to lay off about 4,000 people company-wide as part of the 7,000 job cuts CEO Bob Iger announced in February, according to a report by Business Insider.

Orlando Sentinel

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

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The New Daily

Does every hit movie need a sequel? Ryan Reynolds says he’s had enough

Ryan Reynolds has spoken out against Hollywood's fixation on sequels, questioning if every hit movie really needs a follow-up.

Fortune

Bob Iger admits Disney+ exclusivity error in streaming wars

Last month, Disney reported its first Disney+ subscriber loss since the platform launched, dropping 2.4 million subscribers in the final three months of 2022.

The Independent UK

Bob Iger says it’s time for ‘newness’ from Marvel movies

‘I think we just have to look at what characters and stories we’re mining’

Los Angeles Times

Bob Iger admits Disney theme park pricing moves were 'a little too aggressive'

Walt Disney Co. Chief Executive Bob Iger acknowledges his company goofed on some of its pricing strategies.

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The Independent UK

Rebel Wilson reveals why she was banned from Disneyland

Wilson got engaged last month during a trip to the theme park

StockNews.com

Is It Time to Buy or Sell Disney Stock in 2023?

Media and entertainment giant Walt Disney (DIS) reported fiscal 2023 first-quarter financial results, beating on the top and bottom lines. However, amid the high cost of streaming, eroding consumers’ discretionary spending, and other macroeconomic challenges, the company’s near-term prospects look bleak. Let’s find out if investors should buy or sell…

Fortune

The forced return to the office could be fueling the rise of labor unions

Bosses are trying to impose a return to the office–but failing to recognize that remote work enables worker power without the intermediate of a union.

Fortune

Activists should sail away from their doomed attack on Benioff’s Salesforce

The activist investors targeting Salesforce don't have Marc Benioff's track record. Here's why the Salesforce CEO will outflank them.

Fortune

The inside story of how Nelson Peltz got his way at Disney—and his detailed plan for a rebound

His turnaround playbook helped rescue P&G and Heinz. Now the tenacious reformer wants Disney to tackle unprofitable brands, huge overhead, and do away with "matrix" management.

The Guardian - UK

Disney minus: is the streaming platform spreading Star Wars and Marvel too thin?

Disney CEO Bob Iger says it must ‘get better at curating’ its sprawling output, which could signal thinner pickings for the geek community

Los Angeles Times

Disney got ‘The Simpsons’ and ‘Avatar.’ But some now see the Fox deal as a mistake

LOS ANGELES — Will history judge Walt Disney Co.'s $71.3 billion purchase of 21st Century Fox a success?

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