Once upon a time, Chrystia Freeland attempted to relate to Canadians’ cost-of-living concerns with a personal anecdote—and it didn’t produce a fairy-tale ending. “I personally, as a mother and wife, look carefully at my credit card bill once a month, and last Sunday I said to the kids, ‘You’re older now. You don’t watch Disney…
‘Slap in the Face’: Freeland’s Disney Plus Comment Made Her a Villain, Records Show
Bob Iger Memo Outlines Sacking of 7,000 Disney Staff
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,…
Netflix Shares Loses $50 Billion After First Subscriber Loss in Over 10 Years
April 21, 2022
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Shares of video streaming platform Netflix plunged on April 20 after it announced it lost subscribers for the first time in over a decade, attracting downgrades from multiple investment firms. Netflix announced on Tuesday that it had lost 200,000 members internationally in the first quarter of the year, the first time there has been a…
Disney Revenue Jumps, Thanks to Park Reopening and Streaming Service Growth
November 10, 2021
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BURBANK, Calif.—The Burbank-based Walt Disney Company reported on Nov. 10 its fourth-quarter revenue of $18.5 billion, falling slightly short of analysts’ predictions but still representing a sharp rise from the same period last year. The fourth-quarter revenue translated to 37 cents earnings per share. The revenue figure was up 26 percent from last year’s fourth-quarter revenue, $14.7…
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