Category: Disney
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Disney pledges $15 million in Los Angeles fire aid as more stars learn they’ve lost their homes
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Breadcrumb links PMN BMN Business Article writer: Posted on January 10, 2025 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content LOS ANGELES (AP) — Wildfires in the Pacific Palisades region burned down the home…
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Disney to Merge Hulu + Live Into FuboTV, Settle Venu Suit
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(Bloomberg) — The Walt Disney Co. has agreed to merge its Hulu + Live TV streaming service with FuboTV Inc. Which focuses on online sports, creating the second largest digital pay-TV provider. Most read from Bloomberg Under the deal, Disney will merge its Hulu + Live TV business into Fubo,…
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Disney lays off hundreds in cost cutting measure
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The Walt Disney Company is laying off workers companywide as part of ongoing efforts to improve business profitability. “As part of this ongoing improvement work, we have reviewed the cost structure of our functions across the company and determined that there are ways to run them more efficiently,” the company…
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DirecTV files FCC complaint against Disney for anti-competitive practices By Reuters
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(Reuters) – Satellite television service DirecTV Inc has filed a complaint with the U.S. Federal Communications Commission (FCC) accusing it of violating U.S. copyright laws. Disney Apple Inc. (NYSE:) said Sunday it has accused the company of failing to negotiate in good faith and engaging in anticompetitive conduct. In the…
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Disney Pixel RPG Unveils New Trailer & Key Visuals By Investing.com
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TOKYO-(Business): Jung Ho Online Entertainment Co., Ltd. (TSE: 3765) (Jung Ho) (headquartered in Chiyoda-ku, Tokyo, Japan) (Representative Director, President and CEO: Kazuki Morishita) announced a new trailer and images for the role-playing game “Disney Pixel,” scheduled to be released for both iOS and Android operating systems in 2024. disney pixel…
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Disney drops bid to use Disney+ contract to halt allergy death lawsuit
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Disney has backed down from its attempt to take a wrongful death lawsuit to arbitration, after a public backlash. The lawsuit, filed by Jeffrey Piccolo, seeks justice for the death of his wife, Dr. Kanokporn Tangsuwan, who died in 2023 after suffering a severe allergic reaction at Disney World in…
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Disney films account for 42% of the industry’s summer box office
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“Alien: RomulusThe latest installment in the 45-year-old franchise opened at No. 1 at the North American box office. The 20th Century Studios release grossed an estimated $41.5 million in its opening weekend, playing at 3,885 locations in the United States and Canada. Including $66.7 million from international screenings in 49…
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US judge delays launch of sports streaming venture from Disney, media giants By Reuters
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By Don Chmielewski and Jack Quinn (Reuters) – A U.S. judge on Friday temporarily blocked the launch of a new sports streaming service backed by three media giants, Walt Disney Co and Amazon. Disney (NYSE:), Fox, and Warner Bros. Discovery (NASDAQ:), which aim to attract younger sports fans who don’t…
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Disney claims widower cannot sue over wife’s death at theme park restaurant due to Disney+ subscription agreement
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Disney has come under fire after claiming that a widower whose wife tragically died after suffering a severe allergic reaction at a Walt Disney World restaurant cannot pursue legal action against the company because he had previously signed up for a free trial of Disney’s streaming service, Disney+. Kanokporn Tangsuwan,…
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Disney expected to announce plans for its theme parks By Reuters
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By Don Chmielewski ANAHEIM, Calif. (Reuters) – Walt Disney Disney (NYSE:) is expected to announce new attractions at its theme parks on Saturday at its D23 fan conference, and reveal how the company is beginning to deploy $60 billion in capital investments. Disney said it will boost its investment in…
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Walt Disney warns theme park revenue to fall, profit slips By Reuters
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By Dawn Chmielowski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co forecast a “moderation in demand” for its theme park business in the coming quarters, overshadowing the success of Pixar’s animated film “Inside Out 2” and the company’s television business. The company’s shares fell 1.1% on Wednesday after…
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NBA scores $76 billion deal with Amazon, Comcast, and Disney
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The National Basketball Association has announced new long-term television deals with Walt Disney Co., Comcast and Amazon.com Inc., rejecting efforts by Warner Bros. Discovery Inc. to retain decades-old broadcast rights. The combined agreements are expected to generate $76 billion in league fees over its 11-year history — nearly triple the…
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Disney posts surprise profit in streaming, raises earnings forecast
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Written by Lisa Richwine LOS ANGELES (Reuters) – Walt Disney’s streaming entertainment unit reported its first earnings on Tuesday, two quarters ahead of schedule, and the media company raised its annual earnings per share forecast, as it said its turnaround efforts were paying off. The company’s shares fell 1.4% in…