Tag: Disney
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Disney CFO Steps Down Due To Medical Leave, Interim CFO Temporarily Takes The Reins
Disney announced long-time CFO Christine McCarthy will step due to a medical leave of absence, ending her 23-year tenure with the company. She has been managing Disney’s streaming services expenses as the company strives to cut $5.5 billion from its annual budget. McCarthy will stay on as a strategic advisor while on leave in addition…
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Disney+ Debuting 28 Newly Restored Classic Animation Shorts Starting This Summer
Disney+ is releasing 28 newly restored Walt Disney Animation Studios classic shorts this summer to celebrate the company’s 100-year anniversary. Audiences will be treated to some old-time favorites such as Mickey and Minnie Mouse, Donald Duck, Goofy, Pluto, Chip n’ Dale, and the original Disney animated star, Oswald the Lucky Rabbit. Led by Director Kevin…
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Disney Reportedly Wants WWE TV Rights
The negotiation window for Comcast and Fox over WWE media rights has come and gone without the networks reaching a deal. This leaves the WWE open to accepting a new contract with other networks during its upcoming sale to Endeavor, which has yet to be finalized. One interested party is The Walt Disney Corporation. Although…
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Disney Expected to Spend $10.5 Billion on New Disney+ Content
Amidst multiple cost cutting measures, Disney is gearing up to increase its content spending budget for 2023. According to Ampere Analysis, Disney is expected to earmark $10.5 billion for original content, more than 20 other companies the media analyst firm included in its January report. Other companies noted by the Ampere Analysis report include Warners…
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Disney Announces There Will Be a Third Hocus Pocus Movie
The Sanderson sisters are coming back and audiences just can’t get enough of the witchy trio. Hocus Pocus first debuted in theaters in 1993 and established itself as a Halloween staple. The sequel premiered only on Disney+ 29 years later in September of 2022 and already a third film has been confirmed for the franchise.…
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Disney’s Layoffs Are Now Coming For Pixar Employees
Today Reuters broke the news that Disney has cut 75 jobs at Pixar. This is the first significant job cuts at Pixar in a decade. The cuts include several executives behind the “Lightyear” film. In total, Pixar has about 1,200 employees. This all comes as Disney is right in the middle of cutting thousands of…
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Disney+, Hulu, & ESPN+ Will Remove $1.5 Billion in Content From Their Streaming Services
Today Disney announced it will take at least $1.5 billion in write-downs associated with its plans to remove content from its streaming services. This comes as Disney is looking to cut back on the amount of content it offers on Disney+, Hulu, and ESPN+ to help cut costs by reducing what it has to pay…
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Comcast Stops Paying Disney as The Two Fight Over Hulu
Both companies are in agreement for Disney to take full ownership of Hulu however the negotiations are getting a tad heated they disagree on some key points.
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Everything We Know About ESPN’s Plans to Leave Cable TV & Offer a Stand Alone Streaming Service
Last week we learned that Disney was building a streaming service and planned to offer ESPN as a stand alone streaming option. So exactly what does that mean, and what do we know about Disney’s so called “‘Flagship’ project to leave cable TV behind and offer a la carte TV? Let’s take a look at…
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Disney+ & Hulu Are Removing 50 Original Series & Films (Hurry if You Want to Watch These Movies & Shows)
Disney is removing over 50 original series and films from its streaming services, Disney+ and Hulu, starting May 26th.