Business Archives Page 10 of 215

Will Disney Split Its Business In Two?

And could separating linear tv operations from the rest of the company signal a future sale to a larger entity like Apple or Alphabet?

The shutdown comes as parent company Disney is looking to cut 7,000 jobs and save $5.5B this year.

Pixar’s president offers some good reasons for why ‘Elemental’ cost $200 million to produce.

“Hasbro will continue to develop and produce entertainment based on the rich vault of Hasbro-owned brands,” said Hasbro CEO Chris Cocks.

The Toronto-based company cancelled or prematurely closed the touring Disney exhibit in a number of cities last month.

With competitive incentives, a young and talented workforce, and progressive culture programs, Malaysia has become a SE Asian animation hub.

The finance and production company behind ‘The Willoughbys’ and ‘The Adams Family’ says it has been struggling since the pandemic.

The move is aimed at attracting and keeping more theatrical animation production in the U.K.

The new owner, Integrated Media Company, plans to “expand [Toon Boom’s] platform into new markets and to introduce ground-breaking products.”

“Bob has once again set Disney on the right strategic path for ongoing value creation,” says Disney’s chairman of the board of directors.

Toon City Vancouver will specialize in both traditional and digital services, with an eye towards co-production opportunities.

The company has also appointed Ngenious founder Éric Gervais-Després as its head of R&D and pipeline development.

McCarthy, who is taking family medical leave, will continue to serve as a strategic advisor during the transition.

Viva picks up a minority stake in the Spanish company now, but will have the option to up that to a majority share in two years.

Zinkia executives will ask shareholders to approve a sale of ‘Pocoyo’ to French outfit Animaj Investment next month.

Meta had to offload Giphy after U.K. authorities ruled the original sale “could allow Meta to limit other social media platforms’ access to gifs.”

Former Lightstorm Entertainment president of franchise development Kathy Franklin will serve as Hidden Pigeon’s first CEO.

The company is undertaking cost-saving efforts as subscribers canceled Disney’s streaming services en masse for the second quarter in a row.

The news of Damaschke’s official appointment came during WBD’s Q1 earnings call led by CEO David Zaslav.

The U.K. Competition and Markets Authority believes the acquisition could harm the cloud gaming marketplace.