Thursday, Nov. 2, 2023

Walt Disney Co. said it will acquire a 33% stake in Hulu from Comcast for approximately $8.6 billion, a deal that will give Disney undisputed control of the streaming service. Disney has actually run Hulu since 2019, when Comcast ceded its authority to Disney and effectively became a silent...

Wednesday, Feb. 8, 2023

The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and "strategic reorganization" announced Wednesday by CEO Bob Iger.

The job cuts amount to about 3% of the entertainment giant's global workforce and were unveiled after Disney reported...

Tuesday, Mar. 22, 2022

Even though only a small percentage of Walt Disney Co. workers participated in a walkout Tuesday, organizers felt they had won a moral victory with the company issuing a statement denouncing the anti-LGBTQ legislation that sparked employee outrage.

Throughout the day, pockets of employees...

Tuesday, Mar. 1, 2022

Warner Bros. is halting the release of "The Batman" in Russia, just days before it was to open in theaters there, as Hollywood moved to cease distribution plans in the country following Vladimir Putin's invasion of Ukraine. 

Warner Bros., the Walt Disney Co. and Sony Pictures said Monday...

Sunday, Sep. 5, 2021

On what's traditionally one of the sleepiest weekends at the movies, the Marvel film "Shang-Chi and the Legend of the Ten Rings" smashed the record for Labor Day openings with an estimated $71.4 million in ticket sales, giving a box office reeling from the recent coronavirus surge a huge lift...

Thursday, Dec. 10, 2020

The Walt Disney Co.'s streaming plans shifted into hyper speed Thursday with the unveiling of a galaxy's worth of new streaming offerings, including plans for 10 "Star Wars" series spinoffs and 10 Marvel series that will debut on Disney+. 

In a virtual presentation for investors, Disney...

Thursday, Jul. 23, 2020

A long time ago in a pre-COVID universe far, far away, blockbusters opened around the globe simultaneously or nearly so. In 1975, "Jaws" set the blueprint. Concentrate marketing. Open wide. Pack them in.

Since then, Hollywood has turned opening weekends into an all-out assault. Staggered...

Sunday, Jul. 19, 2020

The Walt Disney Co. has "dramatically" slashed its advertising budget on Facebook and Facebook-owned Instagram, according to a report in the Wall Street Journal. 

It's the latest setback for the social network, which is facing  a growing advertising boycott  over its policies and actions...

Tuesday, Mar. 17, 2020

U.S. movie theaters have closed nationwide due to the coronavirus pandemic, turning dark nearly all of the country's 40,000-plus screens in an unprecedented shutdown. 

With most of Hollywood's March and April releases already postponed, the Walt Disney Co. on Tuesday also cleared out its...

Tuesday, Feb. 25, 2020

Disney CEO Bob Iger, who steered the company's absorption of Star Wars, Pixar, Marvel and Fox's entertainment businesses and the launch of a Netflix challenger, is stepping down immediately, the company said in a surprise announcement Tuesday.

The Walt Disney Co. named as his replacement...

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