Tag: Disney
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Disney Will Reportedly Cut Thousands of Jobs Next Week
Today Bloomberg is reporting that Disney will cut thousands of jobs next week as part of its already announced cuts. This is one more step in Disney’s plans to cut 15% of its staff across its entertainment division. This will include cuts to its TV, film, theme parks, and corporate teams in all areas. Notifications…
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Hulu Could See “Significant” Layoffs As Early As Next Week
Early today, we learned that ESPN was expecting major staff layoffs in the coming months. Now Deadline is reporting that Hulu could see major staff cuts as part of Disney’s efforts to cut staffing company wide by 7,000 employees. Hulu is not alone in the job cuts as Disney is reportedly planning to make cuts…
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Disney is Shutting Down Movies Anywhere Screen Pass
Do you use Movies Anywhere, the service that lets you buy a movie one service and watch it on many others? The Disney-owned Movies Anywhere service today announced that it will be shutting down a popular feature. Screen Pass allows Movies Anywhere users to give someone access to their favorite movie without losing it. In…
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Disney May Sell Hulu According to New Analysts Report
A few weeks ago, reports started to come out from Rich Greenfield at LightShed that Disney is likely to sell Hulu. Now Citi Bank is agreeing with Rich Greenfield and released their own report today that Hulu may be up for sale. “Following fiscal 1Q23 results, we believe the company is less interested in a…
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Comcast, Disney, & Paramount Lost $8.4 Billion on Streaming in 2022
Wondering why streaming prices are going up, and services are cracking down on password sharing? Well, it likely has to do with the fact that Comcast, Disney, and Paramount all lost a combined $8.4 billion on streaming in 2022. In 2022 Paramount lost $1.8 billion on their direct-to-consumer streaming services. Comcast lost $2.5 billion on…
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Disney Needs to Launch a Free Streaming Service to Compete with Pluto TV, Tubi, & More
In 2023 inflation is forcing cord cutters to reconsider their streaming. Increasingly most cord cutters are only paying for 3 to 4 streaming services. Beyond that cord cutters are increasingly turning to free ad-supported streaming services for TV shows, movies, and live content. To address this changing landscape, many major TV companies have picked up…
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Is Disney Considering Selling Hulu? One Analyst Thinks So
Last week we learned that Disney was in talks to license some of its content to other streaming services. Now Rich Greenfield from LightShed says he thinks that Disney could be exploring the sale of Hulu. Hulu originally started as a joint effort between ABC, NBC, FOX, and even WarnerMedia. A few years ago, Disney…
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Disney is Considering Licensing its Movies & TV Shows to Rival Streaming Services
Just a few days after we learned that Warner Bros. Discovery has agreed to license content from HBO, Discovery, and more to Roku and Tubi, Disney is now considering the same. According to Bloomberg, Disney is considering licensing content out to rival streaming services. According to reports, Disney has been in talks with streaming services…
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Disney Wants to Prioritize Streaming Profitability With Disney+, Hulu, and ESPN+
Today Disney released a letter to Shareholders to talk about the future of the company. In that letter, Disney briefly broke down its goals from CEO Bob Iger, including a plan that includes “prioritizing streaming profitability” with Disney+, Hulu, and ESPN+. “The Board is overseeing important strategic changes that our CEO Bob Iger is executing,…
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Disney+ & Hulu’s Leadership Reorganization is Likely Coming Soon
On February 8th, 2023, Disney will be reporting its quarterly earnings, and now Deadline is reporting that Disney may be making some leadership changes before that. According to reports, Disney Media and Entertainment Distribution executive ranks are posed for a major shakeup. Already Bob Iger has already replaced its chairman Kareem Daniel. Now its reported…