The Walt Disney Co. announced plans to lay off 4,000 more employees largely due to the effects of the COVID-19 pandemic.
Tag: Disney
Disney to axe 28,000 jobs
New York, CNN, Sept 30 – Disney theme Park on Tuesday decided to lay-off 28,000 people in the United States as the coronavirus pandemic hits its parks and resorts business. Around 67 percent employees who are losing their jobs are…
Disney sees big loss as pandemic hits parks, studios
The Walt Disney Company on Tuesday reported its quarterly earnings were hit hard as the pandemic emptied theme parks and cruise ships, while it hit a new milestone for streaming subscriptions.
Disney delays ‘Mulan’ release again as virus cases surge
Disney has delayed the release of “Mulan” again, this time until mid-August, as the coronavirus pandemic continues to threaten blockbusters that Hollywood hoped would bring audiences back to theaters after months of lockdown.
Former Disney exec named TikTok boss
Former Disney executive Kevin Mayer will become the head of TikTok and chief operating officer of the popular video app’s parent company, the group announced Monday.
Disney to see at least $1.4 bn impact from coronavirus
Walt Disney Co. said Wednesday it will see an impact of some $1.4 billion from the coronavirus in the current fiscal quarter as a result of a massive hit to its theme parks and other operations.
Disney hopes for summer ‘Mulan’ launch
Disney delayed the releases of more than a dozen major films Friday, but has not given up on a summer blockbuster with “Mulan” now penciled in for a July launch despite the coronavirus pandemic.
Disney dropping the ‘Fox’ from movie studio names
Disney is dropping the word “Fox” from the movie studios it acquired as part of last year’s $71 billion purchase of Fox’s entertainment business, according to published reports.
Disney dropping the ‘Fox’ from movie studio names
Disney is dropping the word “Fox” from the movie studios it acquired as part of last year’s $71 billion purchase of Fox’s entertainment business, according to published reports.
Star Wars hotel at Disney World like cruise into space
It’s going to be a cruise to nowhere, but that will be just fine with die-hard “Star Wars” fans. Disney officials on Tuesday offered new details on its recently announced Star Wars-themed resort in Florida. “Star Wars: Galactic Starcruiser” will…
Disney to reboot ‘Home Alone’ for new TV streaming service
Disney is rebooting “Home Alone” and “Night at the Museum” for its new TV streaming service, which launches in the US in November and is intended to rival Netflix. The beloved and high-grossing film franchises were acquired by Disney during…
Disney, Fox sued over theme park in Malaysia
The Walt Disney Co. and 21st Century Fox were hit with a billion-dollar lawsuit in Los Angeles on Monday by Malaysian casino operator.
Disney details new ‘Star Wars: Galaxy’s Edge’ attractions
“Star Wars” fans will soon be able to pilot the Millennium Falcon and face off against Kylo Ren in battle.