Disney will begin to lay off nearly 7,000 team members as early as this week, Disney’s CEO Bob Iger said in an email to staff on Monday. Iger laid out his plan and reasons for laying off so many employees in an email memo obtained by IndieWire. The layoffs—done in three stages—will begin this week for some,…
Disney Likely Won’t Change Course on Woke Ideology, Employees Say
Some commenters have concluded that a town hall by Disney CEO Bob Iger shows the company has rejected left-wing LGBT politics, but Disney employees disagree. In the town hall, Iger, who returned to run the media empire, told employees he didn’t like the company being “embroiled in controversy.” He answered several employee-submitted questions about Disney’s…
NTD Business (Nov. 21): Disney CEO Suddenly Replaced; FTX Owes More Than $3 Billion to Creditors
Disney CEO Bob Chapek has been replaced by former CEO Bob Iger. It happened so suddenly, Iger himself says he’s amazed. A family-friendly competitor that has Disney in its sights scored big at the box office this past weekend. We talk to Angel Studios about the premiere of “The Chosen” season 3. U.S. companies like Apple will soon…
Disney Announces Hiring Freeze, Layoffs, Travel Expense Cuts
The Walt Disney Co. appears to be the latest corporation to scale back hiring and spending as the economy cools. The entertainment giant reportedly announced the changes to senior staff this week after a disappointing quarterly report released Nov. 8 sent stocks plunging to a 21-year low. An internal memo obtained by CNBC Nov. 11…
DeSantis Versus Disney
Disney CEO Bob Chapek has found himself embroiled in a battle with Florida Gov. Ron Desantis over the recently passed “Parental Rights in Education” bill, which bars discussions of sexual identity, transgenderism, and orientation in the K-3 grade levels. This raises questions about a trend of woke corporate activism and how that affects or fails…
Dave Rubin Dispels Lies About Parental Rights Bill Dubbed ‘Don’t Say Gay’
March 24, 2022
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A bill dealing with parental rights in education, which limits classroom instruction on sexual orientation and gender identity in public schools in Florida, has been met with relentless criticism by the left and has been dubbed by mainstream media the “Don’t Say Gay” bill, said Dave Rubin. The measure, officially known as House Bill 1557…
Disney Revenues Beat Wall Street Expectations, Increased Operating Costs for Disney+ Despite Hike in Subscribers
The Walt Disney Co. announced their Q1, 2022 fiscal year results on Feb. 9, posting higher revenue numbers from media distribution, Disney+ subscriptions, and theme parks, exceeding expectations of Wall Street analysts. At $21.819 billion, total revenue for the quarter was 34 percent higher compared to the same period last year. Total segment operating income…
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