Page 6 - Disney

Disney gambles on free cricket to turn the tables in India streaming war

The India streaming operations, which were Disney's biggest last year globally by users, posted a loss of $41.5 million on revenue of $390 million for the year to March 2022, its last disclosed result

Disney rises over 6% as cost cuts, Hollywood strikes save $3 billion

Disney expects content spending this year to total about $27 billion, Kevin Lansberry, acting chief financial officer, said Wednesday on a call with investors after the Burbank

Disney's ESPN seeks strategic partners to advance sports streaming

ESPN has had talks with National Basketball Association, National Football League and the National Hockey League for potential partnerships

BCCI issues media rights tender for domestic, international matches

In 2018, Disney Star retained the BCCI media rights by paying Rs 6,138 crore for the five-year cycle (2018-23)

Disney's struggle in India

Disney and Sony's journeys in India have been a study in contrast, where one thrives while the other, despite owning a large profitable business, is looking for an exit

Court order on Disney's in-app payment in India temporary: Google

Google will need to comply with the court directives until it is overturned or modified

Google cannot remove Disney app in tussle over in-app charges: Court

The court in a Tuesday hearing said Disney should now pay a 4% service fee to Google, and said the streaming app should not be removed from Google's app store

Disney extends CEO Bob Iger's contract two more years through 2026

Bob Iger will remain as CEO of The Walt Disney Co. through the end of 2026, agreeing to a two-year contract extension that will give the entertainment and theme park company some breathing room to find his successor. Shares climbed before the market open on Thursday. Iger rejoined Disney as CEO in November, taking over control of the company from Bob Chapek. He had previously served as CEO and chairman from 2005 to 2020 and then as executive chairman and chairman through 2021. Chapek's short tenure was met by much criticism, particularly from Disney park loyalists who openly criticised Chapek on social media. The perception among many fans was that Chapek had a business first, customer last mentality. Iger wasted no time once back in the CEO role, making one of his priorities reconnecting with the Disney theme park die-hards and restoring their faith in the brand. Because I want to ensure Disney is strongly positioned when my successor takes the helm, I have agreed to the board's

Top headlines: India's outward FDI shrinks, HCL Tech to acquire ASAP group

Business Standard brings you the top headlines at this hour

Disney's India business sale may attract private equity firms, local rivals

In 2019, when Walt Disney acquired 21st Century Fox's entertainment business for $71.3 billion, the valuation of the India business was pegged at $14-15 billion

Walt Disney Co weighs options for struggling TV business in India

Disney's plan to consider at least a partial pullout from its India TV business came after CEO Bob Iger expressed his disappointment with the company's performance in India

Disney exploring strategic options for its India biz including JV, and sale

The company has talked to at least one bank about ways to help the India business grow, while sharing some of the costs, according to the report

Disneyland to put 1,500 collectables up for auction later in July

Fans who agree Disneyland is indeed the happiest place on Earth will soon be able to take home more than a souvenir. A passionate collector has brought Disney magic to a sprawling 30,000-square-foot (2,800-square-meter) building in Burbank, California, where fans can hear birds chirping in the Enchanted Tiki Room section or giggle at the animated ghosts from the Haunted Mansion ride as they preview more than 1,500 items up for auction later this month. Joel Magee has been building his collection of more than 6,000 items including costumes, rare posters, and life-size vehicles from rides like Dumbo and Peter Pan for 30 years, and he's finally ready to share some of it with the public. I'm one of those guys go big or go home. And if you don't have the biggest, then it ain't the best, Magee told The Associated Press in a recent interview, as fans milled about the exhibit. Magee's is the largest individually owned Disneyland/Disney Park collection in the world. It's really kind of .

National Geographic lays off last writers, will not be sold in US anymore

National Geographic layoffs: Job cuts by Disney, the publication's parent company, were the second over the past nine months

Netflix, Amazon, Disney-backed group protests India's tobacco rules: Report

As part of India's anti-tobacco drive, the health ministry last month ordered streaming platforms to insert static health warnings during smoking scenes within three months

Disney+Hotstar to let users stream World Cup 2023, Asia Cup free on mobile

More than 540 million smartphone users in India will be able to watch the Asia Cup and ICC Men's Cricket World Cup for free

Buoyed by record viewership in IPL, Disney Star eyes another leap

With Tata IPL 2023 surpassing expectations in terms of viewership and fan engagements, broadcaster Disney Star is now gearing up for another leap in the coming sporting events, including ICC tournaments and pro-Kabaddi league, the company's head for sports Sanjog Gupta said. During the latest IPL season concluded last week, Broadcast Audience Research Council (BARC) data suggested play-offs delivered a 44 per cent higher rating than last year and surpassed the previous peak recorded during 2020. The surge in viewership extended to the Hindi-speaking markets, where Disney Star grabbed the highest viewership ever with 32.9 crore. "It has surpassed our expectations," Gupta told PTI, adding, "most of the records have been broken" this season in terms of viewership. Now Disney Star would focus on the coming ICC events such as Asia Cup and India's tour to South Africa besides pro-kabaddi league, in which it has invested substantially. "We are currently very much focused on the pro-kabad

Netflix, Disney and Amazon to challenge India's tobacco rules for streaming

As part of India's anti-tobacco drive, the health ministry this week ordered streaming platforms should within three months insert static health warnings during smoking scenes

Disney to give pink slip to 2,500 employees in third round of layoffs

The first round of layoffs began in March when Disney CEO Bob Iger announced three rounds of layoffs as the company aims to reduce its workforce by around 7,000 workers

Disney scraps plans for new Florida campus as fight with Guv continues

The Walt Disney Co. announced Thursday that it was scrapping plans to build a new campus in central Florida and relocate 2,000 employees from Southern California to work in digital technology, finance and product development. The decision follows a year of attacks from Gov. Ron DeSantis and the Legislature, with Disney filing a First Amendment lawsuit against him and other officials last month. Disney had planned to build the campus about 30 kilometers from the giant Walt Disney World theme park resort, but Josh D'Amaro, chairman of the parks, experiences and products division, said in a memo to employees that "new leadership and changing business conditions" prompted the company to abandon those plans. "I remain optimistic about the direction of our Walt Disney World business," D'Amaro said. "We have plans to invest USD 17 billion and create 13,000 jobs over the next ten years. I hope we're able to do so." The governor's office didn't immediately respond to a message seeking comme