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Disney To Cut 7000 Jobs, Plans Restructure To Save $5.5 Bn In Costs

The company said that it plans to save about USD 3 billion from content, excluding sports, while the remaining USD 2.5 billion would come from non-content slashes

Bob Iger Returns As Disney CEO

BW Online Bureau

Economy

Disney's earnings release earlier this month vastly underperformed at the Wall Street. Even its theme park which makes massive revenue, has delivered less than what analysts had projected

Disney Found 'Substantial Portion' Of Twitter Users Fake In 2016: Former Disney CEO

BW Online Bureau

Tech

Iger did not specify what he meant by "substantial"

Disney Tops Netflix On Streaming Subscribers, Sets Higher Prices

BW Online Bureau

Walt Disney Co edged past Netflix Inc with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials

Disneyland's Facebook, Instagram Accounts Were Hacked: Disney

BW Online Bureau

Tech

Screenshots of the Instagram posts, which were posted online, contained profane and racist posts made by a person claiming to be a "super hacker here to bring revenge upon Disney land"

Walt Disney Extends CEO Bob Chapek's Term For 3 Years

BW Online Bureau

Economy

Disney shares saw a 0.5% increase on Tuesday although it has seen a nearly 40% decline this year

Disney Onboards Mark Bozon To Lead Company In Metaverse Segment

BW Online Bureau

Companies & Markets

The Ex-Apple executive has been appointed as Disney’s VP of Next Generation Storytelling Creative Experiences

Disney Names Executive To Oversee Metaverse Strategy

BW Online Bureau

Tech

Mike White, an executive in the Media and Entertainment Distribution group, has been named to the new role of senior vice president of Next Generation Storytelling and Consumer Experiences, where he will help define how consumers experience Disney's coming metaverse. He will work alongside Disney's creative teams.

Keventer Agro Ties Up With Disney To Launch Its Food Products In India

BW Online Bureau

Companies & Markets

The Keventer Agro board also cleared a proposal for Rs 800 crore IPO to inject fresh capital required to support the expansion plan, retire debt and allow the exit of a PE investor.