Disney CEO Announces Layoffs, Fires 7,000 Employees
In another major layoff, Disney fired approximately 7,000 employees, on February 8. Disney CEO Bob Iger announced the mass layoff to cut costs, confirmed sources. The move was "necessary to address the challenges we're facing today," said Bob. Its current forecasts indicate Disney+ will hit profitability by the end of fiscal 2024. Moreover, Disney's direct-to-consumer division, which includes its streaming services, saw a 13% increase in… read-more
Tags: layoff, Disney, employees, PROFIT, Financial Business
Courtesy: The Free Press Journal
Disney Announces Avatar 4K HDR India Re-Release Date on September 23
Avatar is returning to theatres. On August 23, Disney announced that James Cameron's 2009 sci-fi epic, which has generated over $2.847 billion (approximately Rs. X crore) across many theatrical runs, will be re-released on September 23 in India, US, UK, and around the world. Disney has released a new poster for the 4K HDR re-release of Avatar.… read-more
Tags: Avatar, Disney, Re-release, India, James Cameron
Courtesy: Gadgets 360
Disney's Rumored USD 301 Million Offer To Johnny Depp 'Made Up': Depp's Rep
Johnny Depp has not been offered a USD 301 million apology contract by Disney. "This is made up," one of Depp's agents said of the rumored transaction. According to a report, Disney gave Depp the agreement along with an apology letter and a proposal to rejoin the "Pirates of the Caribbean" franchise. According to the source, Depp has rejected to join the franchise regardless of how rich the offer is.
Tags: Johnny Depp, Disney, Pirates of the Caribbean, apology letter, Hollywood
Courtesy: Free Press Journal
Disney Halts All Business In Russia Amid Russia-Ukraine Invasion War
intensifying measures, Disney is now suspending its business in Russia amid the ongoing invasion of Ukraine. The decision came after it suspended theatrical releases in Russia. “Some of those business activities we can and will pause immediately. Other, such as linear channels and some content and product licensing will take time given contractual complexities,” stated a spokesperson. However, the staff of Disney based in Russia will not be… read-more
Tags: World news, Disney, suspends, business, Russia
Courtesy: ANI News
Walt Disney Pauses Theatrical Release Of Movies In Russia Amid Ukraine Invasion
Amid the Russia-Ukraine war, Hollywood Walt Disney is pausing the theatrical release of its movies in Russia. "Given the unprovoked invasion of Ukraine and the tragic humanitarian crisis, we are pausing the release of theatrical films in Russia," said the company's spokesperson. The Hollywood Reporter reported, Disney will also halt the release of 'Turning Red' from Pixar in the country. However, future business decisions will depend on the… read-more
Tags: Entertainment, Disney, Russia, Hollywood studio, Ukraine
Courtesy: ANI
Famous Disney Voice Actor Will Ryan Passes Away At 72
Voice of Disney characters such as Willie the Giant and Peg-Leg Pete, Will Ryan passed away at 72 on November 19 after a short battle against cancer. Ryan started his career by voicing for short animated projects such as Winnie the Pooh and Mickey's Christmas Carol. "The world is a little bright tonight with the passing of Will Ryan,'' said Nery Lemus, his talent agent.
Tags: Disney, voice, Oscars, Death, Cancer
Courtesy: ANI
Disney Legend Ruthie Tompson Passes Away At 111
Ruthie Tompson, named a Disney Legend by the Walt Disney Studio, passed away at the age of 111 at her home in the US's California on October 10, according to variety.com. Tompson had joined the studio as a painter in its Ink and Paint Department and worked for nearly 40 years before retiring in 1975. She also worked as a final checker for the studio's many animated features.
Tags: Disney, Disney Legend, Painter, California
Courtesy: LatestLY
Disney+ Receives More Subscription Than Netflix: Data
Online Streaming services saw a major increase in consumers during the lockdown. The competition level between streaming services for the top spot has increased as well. Disney+ along with its Indian counterpart Disney+Hotstar, surpassed Netflix in the "streaming wars", as it has brought in around 12.4 million new subscribers since last quarter, while Netflix only brought in one million.
Tags: Disney, Netflix, Online Streaming, OTT
Courtesy: CNBC
''I Entered Disney At Young Age, No Idea What I Was Doing'': Selena Gomez
Commenting on her recent stint on "Wizards Of Waverly Place", singer Selena Gomez said, "I signed my life away to Disney at a young age and didn’t know what I was doing''. She further added that " I was just running around on set". The De Una Vez singer shot to stardom with her role Alex Russo on the Disney show airing from 2007 to 2012.
Tags: selena gomez, Disney, Wizards of Waverly Place, Only Murders In The Building
Courtesy: WION
Dwyane Johnson Shares His 'Jungle Cruise' Film Clip On Instagram
Expressing his excitement for his upcoming fantasy adventure "Jungle Cruise", actor Dwyane Johnson shared a video on Instagram of himself and his co-star Emily Blunt taking a Jungle Cruise ride before the film's World Premiere at the Disneyland resort in California. The video also showed Johnson and Blunt interacting with their fans. Jungle Cruise is scheduled to release in the US on the 30th of July 2021.
Tags: Dwayne Johnson, Emily Blunt, Disney, jungle cruise
Courtesy: The Indian Express