Shares jumped after the Disney chief executive unveiled plans to revamp its streaming business, cut costs, and formulate a succession plan.
Category: Walt Disney Company
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Bob Iger’s Turnaround Plan for Disney Takes Shape
The New York Times – Business: -
Oh Much More Than Bother: This Winnie the Pooh Is Terrifying
The New York Times – Movies:When the gentle bear fell into the public domain, a horror director pounced. Glimpses of the low-budget film have enthralled and enraged fans.
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With Traditional TV in Free Fall, Disney Looks to Cut Costs
The New York Times – Business:In the company’s first earnings report since Bob Iger returned as C.E.O., it exceeded Wall Street’s expectations. But thousands of employees are expected to be laid off.
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Disney’s Iger Returns to Familiar Stage, but With Different Challenges
The New York Times – Travel:The company reports quarterly earnings on Wednesday, and Wall Street is expecting it to lay out a new streaming strategy and operating structure.
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Disney World Workers Reject Contract Offer
The New York Times – Business:Unions that represent about 32,000 full-time workers said the vote was overwhelmingly against the proposal, which have raised pay by at least $1 an hour per year.
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ABC Co-Anchors Are Poised to Leave Network After Tabloid Scandal
The New York Times – Business:T.J. Holmes and Amy Robach, who co-hosted “GMA3,” were both married when they began a romantic relationship.
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Disney’s Splash Mountain Closed. Now Superfans Are Selling the Water.
The New York Times – Travel:Jars and bags of what sellers claim is water from the popular Florida attraction are being offered for sale online. The odd farewell comes as Disney takes steps to erase the ride’s racist back story.
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Disney Says Investor Seeking Board Seat ‘Does Not Understand’ Company
The New York Times – Business:In a security filing, Disney was harshly critical of Nelson Peltz, saying he had “no strategy, no operating initiatives, no new ideas and no plan.”
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Disney Prepares for a Board Fight by Nelson Peltz
The New York Times – Business:After months of talks, the activist investor Nelson Peltz is jockeying for a director position at the entertainment giant as he pushes for a series of changes.
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Disney Pushes Back Against Nelson Peltz’s Quest for Board Seat
The New York Times – Business:Nelson Peltz wants the company to revamp its streaming business and focus on increasing profits. Disney wants shareholders to vote against his effort to get a seat on the board.
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Disney Revises Pricing Policies at Its Parks
The New York Times – Travel:Ticket prices won’t exactly be less, but the cost of some activities and perks will be adjusted, after complaints about the cost of visits.
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SEC Fines Steve Easterbrook, McDonald’s Ex-CEO
The New York Times – Business:The Securities and Exchange Commission fined Steve Easterbrook for lack of disclosure about the circumstances behind his firing in 2019.