.png){kind=logo}
Disney’s Year Of Cuts Continues With Thousands More Layoffs Expected
According to reports, managers have been asked to cut annual costs by 20%, with the savings coming from a mix of redundancies and other expense reductions.
#The Walt Disney Company
After A Year Of Layoffs, Disney Finds $180 Million For Recruits From Bankrupt Character.AI
Disney is recruiting most of Character.AI’s workforce, deepening its ties to the troubled chatbot startup after hiring its former CEO.
Character.AI Is Bankrupt, And Disney Is Picking Through The Scraps Of Its New Tech Chief’s Former Company
Karandeep Anand, the former CEO of the failed tech company is now the head of all technology for The Walt Disney Company.
Disney Plans More Layoffs While Spending Billions On Share Buybacks
Disney’s legal chief warned his department will shrink as separate companywide cuts reportedly approach. The company earned $2.64 billion last quarter.
Disney Appoints AI Evangelist Karandeep Anand As Its First Chief Technology Officer
The Character.AI chief will oversee the entertainment giant’s infrastructure, data and AI platforms, and engineering teams.
Disney To End Health Coverage For Thousands Of Employees’ Spouses
Disney will limit spousal health coverage in 2027 while committing at least $9 billion this year to stock buybacks intended to support shareholder value.
Disney Reveals New Theme Park Attractions Based On ‘Monsters, Inc.,’ ‘Encanto,’ ‘Coco,’ ‘The Lion King,’ And More
The projects will bring new rides and lands to Disney parks in Florida, California, Paris, and beyond, with Monstropolis scheduled to open in 2027.
Don Iwerks, Disney Legend, Oscar-Winning Inventor, And Pioneer Of Immersive Cinema, Dies At 96
Oscar-winning inventor Don Iwerks transformed Disney attractions, large-format cinema, and 3D filmmaking across six decades.
OpenAI Shutters GenAI Video Platform Sora, Derailing Its $1B Disney Partnership
The unexpected collapse of Sora stalls Disney’s AI ambitions, highlighting the volatility and uncertainty around generative video.
Josh D’Amaro To Replace Bob Iger As CEO Of The Walt Disney Company
D’Amaro will take over for outgoing boss Bob Iger on March 18, with Dana Walden also set for a promotion to president and chief creative officer.
Disney Accuses Google Of ‘Massive’ AI Copyright Theft
Disney sends Google a cease-and-desist even as it inks a major licensing deal with OpenAI, drawing definitive lines in Hollywood’s battle over training data.
Disney Invests $1B In OpenAI, Studio Assets Heading To Sora, ChatGPT
More than 200 characters from Disney’s portfolio will be available to users of the video-generating platform Sora and image-generating portion of ChatGPT.
One Of The Perks Of Living In China: Disney Is Making Hand-Drawn ‘Zootopia’ Shorts For Chinese Audiences
Four “Zootopia” shorts using “traditional Chinese animation techniques” will debut in China this November.
Disney, Universal Sue AI Generator Midjourney, Calling It “A Bottomless Pit Of Plagiarism’
Midjourney founder David Holz has previously admitted that his product is “a big scrape of the internet” and that he has stolen hundreds of millions of images without permission from rightsholders.
DirecTV Enlists A New Ally In Its War With Disney: Public-Domain Mickey Mouse
Mickey has unwittingly landed himself in the middle of a corporate battle.
Pixar Undertakes Biggest Layoffs In History, Hundreds To Be Let Go
Approximately 14% of the studio’s staff is being laid off.
Disney and Warner Bros. Discovery Will Begin To Bundle Their Streaming Services Together
This latest era of the streaming wars is creating strange bedfellows, including a partnership between two longtime rivals.
Disney Defeats Billionaire’s Attempt To Take Over Its Board Seats
CEO Bob Iger says Disney can now return to its main priorities: “[G]rowth and value creation for our shareholders and creative excellence for our consumers.”
Disney’s 10th Accelerator Program Backs Trio Of AI Startups
Five companies were selected for Disney’s 10th Accelerator program. Three specialize in AI, one in VR, and another in autonomous vehicles.
Disney Invests $1.5 Billion In Epic Games To Create A Persistent Digital Universe For Its Brands
The companies plan to develop a Disney Universe for gaming, playing, watching, and shopping that will integrate with Epic’s ‘Fortnite.’