Disney Looks to Freeze Hiring, Cut Jobs Amid Financial Uncertainty
Walt Disney Co is considering plans to freeze all hiring and cut jobs as the company faces economic uncertainty due to the losses incurred by its streaming service business. The news was shared on Friday in a memo from Chief Executive Bob Chapek to...
Disney’s Shares Up Almost 7% After Q2 Report Beats Wall Street Estimates
Walt Disney Co. shares saw a significant hike on Wednesday after the company's second-quarter report comfortably beat Wall Street analysts' estimates. Disney's stock (DIS) went up 6.87% in after-hours trading, reaching $120.11 per share. This represents the highest mark for DIS since April.
Disney's business...
Why Disney Has an Advantage Over Streaming Competition
Remember the days when Netflix was pretty much the only streaming service that people had? It was a glorious revelation, being able to just turn on the service and select any TV show or movie that was available. Roughly a decade later, there are...
Disney Fires Top TV Executive Peter Rice in a Major Shakeup
Disney stock is at its lowest point since March 2020 and the fall might have something to do with a major shakeup inside the company's top ranks. According to multiple reports, Disney fired Chairman of Disney General Entertainment Content Peter Rice and replaced him...