Disney

VALERIE MACON/AFP/Getty Images (NEW YORK) — Disney shareholders on Wednesday rejected board nominees allied with activist investor Nelson Peltz, ending a combative, months-long proxy battle centered on the company’s navigation of the topsy-turvy onset of the streaming era. A majority of shareholders instead voted in support of a 12-person slate of board nominees put forward […]

Megan Varner/Getty Images (NEW YORK) — The Walt Disney Company narrowed the scope of its lawsuit against Florida Gov. Ron DeSantis on Thursday to focus solely on its First Amendment claim that the governor politically retaliated against the company. The lawsuit now focuses on the company’s claim that DeSantis and his allies allegedly retaliated against […]

Joe Burbank/Orlando Sentinel/Tribune News Service via Getty Images (NEW YORK) — As Hurricane Idalia slams parts of Florida, the state’s huge tourism industry is also being impacted. The storm made landfall in Florida’s Big Bend region, north of Tampa, on Wednesday morning as an “extremely dangerous” Category 3 storm, according to the National Weather Service. […]

Joe Burbank/Orlando Sentinel/Tribune News Service via Getty Images (NEW YORK) — As Hurricane Idalia makes its way towards Florida, one area at risk is the state’s huge tourism industry. The storm is forecast to make landfall Wednesday morning in Florida’s Big Bend area, north of Tampa. Idalia is expected to strengthen further as it nears […]

Vittorio Zunino Celotto/Getty Images (NEW YORK) — The Walt Disney Company has announced that Bob Iger will remain CEO for two additional years, extending his contract through Dec. 31, 2026. The Walt Disney Company Board of Directors voted “unanimously” to extend Iger’s contract, seven months after he returned as CEO, the company said in a press […]

Firas Abdullah/Anadolu Agency via Getty Images (ORLANDO, Fla.) — Disney announced on Thursday that it canceled plans for a new campus near Orlando, Florida. The development was planned for the Lake Nona region. “Given the considerable changes that have occurred since the announcement of this project, including new leadership and changing business conditions, we have […]

Aitor Diago/Getty Images (NEW YORK) — Disney filed a lawsuit Wednesday in U.S. District Court against Florida Gov. Ron DeSantis and various Florida officials over a campaign the company alleges was “patently retaliatory, patently anti-business, and patently unconstitutional.” This is a developing story. Please check back for updates. Disney is the parent company of ABC […]

AaronP/Bauer-Griffin/GC Images (NEW YORK) — The place where dreams come true is making magic for Disney theme park fans who have asked about Walt Disney World Annual Passes. “New sales of the Disney Incredi-Pass, Disney Sorcerer Pass and Disney Pirate Pass will resume and can be purchased online beginning on April 20,” Disney Parks announced […]

Michael Kovac/Getty Images for AFI (BURBANK, Calif.) — Disney is set to eliminate 7,000 jobs, CEO Bob Iger said on the company’s earnings call on Wednesday. The company is targeting a total of $5.5 billion in cost savings, Iger said. In all, $3 billion in cuts will come from content, excluding sports, he added; while […]

Michael Kovac/Getty Images for AFI (BURBANK, Calif.) — Disney is set to lay off 7,000 workers, CEO Bob Iger said on the company’s earnings call on Wednesday. The company is targeting a total of $5.5 billion in cost savings, Iger said. In all, $3 billion in cuts will come from content, excluding sports, he added; […]