50+ scripted originals added to D+, evading SAG-AFTRA and WGA strikes. hopefully this drives growth but if I were a union member I'd be furious. https://deadline.com/2023/08/disney-plus-emea-50-originals-target-edinburgh-tv-festival-1235525953/
"Who's Still Watching TV?"
The alternatives are video reach on short form platforms such as those from Meta, X, Alphabet and TikTok. These platforms are certainly growing in audience importance and ad loads. But they are very different in how they work. Watching a show or... — read more
Is Disney trying to reset the playing field in TV?
Disney is a behemoth that owns most of the primary entertainment franchises of the last 60 years. It’s not wise to bet against the house of the mouse, but Iger knows how to read the market. He knows ESPN and ABC are widely respected sources of news... — read more
Snow White Director’s Son Calls Disney Live-Action Remake a ‘Disgrace’
“It’s a whole different concept, and I just totally disagree with it, and I know my dad and Walt would also very much disagree with it. It’s a disgrace [that the studio is] trying to do something new with something that was such a great success... — read more
The Hulu Put
Ok, so Disney has about $10B in cash and another $10B in available credit, roughly $20B in available monies. The floor for Hulu is valued at $9B. Assuming they don't lose any more money and assuming The Marvels turns out not to be a success on the... — read more
Disney running on credit, as people here have been saying
Lansberry said Disney has “about $11.5 billion of cash on our balance sheet. We’ve got $10.5 billion worth of revolving credit facilities and commercial paper. And we will have plenty of future cash flow to help fund all of this going forward.” Of... — read more
Disney creates task force to explore AI and cut costs - sources
Walt Disney has created a task force to study artificial intelligence and how it can be applied across the entertainment conglomerate, even as Hollywood writers and actors battle to limit the industry's exploitation of the... — read more
Disney For Sale
In a post that was previously removed from this board for some reason, it was noted that Tom Staggs and Kevin Mayer were brought back into the fold by Bob Iger to assist with the sale of their linear division(s). I left a reply on that post noting... — read more
Earnings & Layoffs
early buzz is that earnings are looking... not so great. obviously. but also talk iger and team may announce going the meta route, meaning more layoffs to show wall street they're serious about savings. hulu/d+ will merge in december so that's likely... — read more
Disney Just Cut a Marvel Department in Half
The Walt Disney Company is not letting up when it comes to slashing budgets and just laid off half the employees of an entire department of Marvel Studios. https://insidethemagic.net/2023/08/disney-just-laid-off-marvel-employees-nk1/
Disney Culture
I'm seeing two sides of Disney culture seemingly at odds on this board, only one of which I've experienced first-hand. I'm not even sure this is a conversation we're allowed to have on here because every time it comes up, the thread gets deleted... — read more
This hits the nail on the head
Dear Mouse House, Let’s start with the basics: You have too many studios and too many outlets. What you need is ABC (while it’s still profitable even though it’s declining), Disney plus and some form of adult premium content like HBO, which we... — read more
Who releases a haunted house movie in July???
This is by far the best example of how this management is destroying Disney. Yes, I know the movie is a vehicle to promote our theme park, but it still makes no sense to release it outside of the Halloween season - even if Barbie was not part of the... — read more
After Threatening To Sell, Iger Tries to Calm Nervous Employees, But Only Adds Fuel to the Fire
... — read more
"Disney May Have Lost The Plot"
With all the talk of demographic diversity being of paramount importance to success in the business boardrooms, as well as in government, it seems diversity of views as a strength has fallen to the wayside. A diversity of demographics should in... — read more
Stop removing content!
I really wish they realized that removing content will only cause us to lose more subscribers. No amount we get to save by removing shows will make up for the distrust that's going to create among the people who pay for our services. People pay for... — read more
As long as people like this are leading Disney, the company will continue to fail
Disney’s Bob Iger criticized after attending NBA games amid mass layoffs The Wall Street Journal wrote an extensive article on Iger‘s return to the company as CEO. The article was entitled, ‘Bob Iger Isn’t Having Much Fun.’ But criticism has ramped... — read more
Disney Movie Flops and Park Attendance
I have lost count of how many Disney movies have lost money in the last several years. And, I now have a bad feeling about the up coming movie Snow White and the 7 Oddities.. Does anyone think there is a connection between a movie viewers... — read more
This would be interesting
https://www.thestreet.com/markets/mergers-acquisitions/analyst-expects-disney-to-be-bought-by-this-tech-giant
Finally some good news
Disney CEO Bob Iger said there will be a pullback in content spending and creation for the Star Wars and Marvel franchises. People are tired. Disney forgot how to make original content, it's all about these two properties now. I love Star Wars... — read more
Story on layoffs
Hi there, My name's Yowei Shaw and I'm a journalist working on a story for the podcast This American Life (www.thisamericanlife.org) about layoffs, after getting laid off myself from NPR... — read more
Stephen A. Smith speaks out about ESPN’s layoffs: ‘I could be next’
ESPN’s Stephen A. Smith is wondering if he too might soon be out of a job. Smith, host of the network’s sports debate show “First Take,” saw several of his high-profile colleagues — including Jalen Rose, Jeff Van Gundy and Keyshawn Johnson — laid... — read more
Iger's $33M Mansion Renovation
Reminder that Iger's bonuses are heavily predicated on ESG score, not company performance. Investors don't pay him to run a successful business that keeps people employed. They pay him to push a political agenda that has been demonstrated to cost... — read more
Layoffs for back office?
I work in the HR arena but I continuously hear many in our departments are going to be cut. While we are always in the dark with everything, I’m starting to believe it could be true. I’m hearing this could be DPEP and GHRO for casting and other HR... — read more
National Geographic reportedly lays off its last staff writers
National Geographic has reportedly laid off its last staff writers and will no longer be sold on US newsstands. Nineteen editorial staffers were affected by the layoffs, the Washington Post reported, and several staffers confirmed the news on... — read more
There Will Be More Layoffs
“In fairness,” says Shawn Robbins, the chief analyst at Box Office Pro, “the shifting of consumer behavior is less on the Pixar team itself and more on the former Disney leadership that siphoned three of the animation hub’s films to streaming as... — read more
Lay-off Follow-Up?
If you are a leader/manager/executive, and a member of your team or department was laid-off, have you reached out more than once to be of assistance or support to that individual or individuals? What have YOU done to help him/her/they, etc.? Have... — read more
disney divestments?
rumor coming out of legal is George Lucas may be buying back Lucasfilm as Iger courts Apple for a potential merge if not straight up sale
Exclusive: Walt Disney's Pixar targets 'Lightyear' execs among 75 job cuts
June 3 (Reuters) - Walt Disney's (DIS.N) Pixar Animation Studios has eliminated 75 positions including those of two executives behind box office disappointment “Lightyear,” sources said on Saturday, the first significant job cuts at the studio in a... — read more
It's over
Disney Finishes Laying Off 7,000 Employees https://variety.com/2023/tv/news/disney-layoffs-end-7000-1235629809/
Not so woke after all
The layoffs have hit a lot of black executives more than in others. Kareem Daniel, Alicia Schwarz, Paul Richardson and Kim Felix are a few of the higher level ones. But the list keeps going on and on. Even in the disposed workstation spot of HR... — read more
Blackrock
For some reason this has become somewhat of a taboo subject, but I think at this point it's pretty clear Blackrock is guiding Iger on the direction of the company (not saying it's good or bad, just saying that's the reality of the situation). Since... — read more
Can we assume it's over?
I don't remember the last time we had layoffs on a Friday, so I'm assuming this one is no different. I hope this is it for now. It's difficult to focus on work when we have layoffs creating stress for all of us all the time. Let's get it over with... — read more
It's not just us
Disney Begins Round Of Layoffs Outside The U.S. The layoffs impacting thousands of Disney staff in the U.S. have spread to Europe, the Middle East, and Africa. While the exact number is unknown, Deadline understands that circa-100 staff were... — read more
Who got laid off - May 24, 2023?
What units, depts., etc & # of staff?
It looks like this will be a week-long event
Disney wraps up company-wide layoffs this week Disney is expected to finalize company-wide layoffs this week, with the third and final round of layoffs to wrap up on Friday. More than 2,500 employees will be cut from the company by the end of the... — read more
What's happening today?
Have there been more cuts?
Tuesday May 24, 2023
Disney Streaming was heavily impacted today with layoffs. This included higher ups, managers, and essential workers.
Today and tomorrow
Next wave is happening the week of May 22nd. The 23rd and 24th will be the worst days Whoever posted this, thank you! You were right on the money. I'm going to assume you were also right about seeing the worst of it today and tomorrow and, if I... — read more
Disney Reportedly Cutting 2,500 Employees in Third Round of Layoffs
Disney is reportedly in the throes of a third round of layoffs that will eliminate another 2,500 jobs. The cuts come on top of about 4,000 jobs the entertainment giant cut in March and April. Those cuts targeted employees at ESPN and Disney’s... — read more