Latest Walt Disney Co News
Bally Sports owner files for Chapter 11 bankruptcy
Diamond Sports Group, the largest owner of regional sports networks, filed for Chapter 11 bankruptcy protection on Tuesday. The move came after it missed a $140 million interest payment last month. Diamond owns 19 networks under the Bally Sports banner. Those networks have the rights...
Manfred: MLB prepared for whatever happens with Diamond
PHOENIX (AP) — Commissioner Rob Manfred said Major League Baseball is prepared for whatever happens to the financially troubled company that owns regional broadcast rights for 14 teams after Diamond Sports Group skipped about $140 million in interest payments due Wednesday. The...
Disney is planning an Avatar experience at Disneyland
The Walt Disney Co. is planning to add an Avatar experience to Disneyland and explore other opportunities at its theme parks as it looks for more ways to appeal to its guests. While Disney announced last week that it is cutting about 7,000 jobs as part of an ambitious companywide...
Asia shares mostly fall, eyeing inflation, earnings, growth
TOKYO (AP) — Asian shares were mostly lower on Friday after Wall Street retreated for a second day as market watchers considered earnings reports and various indicators about whether inflation is waning in the U.S. and elsewhere. Japan's benchmark Nikkei 225 added 0.3% to...
MGM Resorts, Sonos rise; Mattel, Affirm Holdings fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: The Walt Disney Co., down $1.42 to $110.36. The media and amusement park giant announced layoffs and a cost-savings plan. Affirm Holdings Inc., down 2.73 to $13.29....
New "Toy Story," "Frozen" and "Zootopia" movies on tap
Disney is working on sequels for “Toy Story,” “Frozen” and “Zootopia,” three huge hits as the entertainment powerhouse attempts to find its footing under newly returned CEO Bob Iger. The Walt Disney Co. is undergoing a “strategic transformation,” Iger said on...
Disney to cut 7,000 jobs in Iger's company 'transformation'
LOS ANGELES (AP) — The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and “strategic reorganization” announced Wednesday by CEO Bob Iger. The job cuts amount to about 3% of the entertainment giant's global workforce and were...
Disney: Fiscal Q1 Earnings Snapshot
BURBANK, Calif. (AP) — BURBANK, Calif. (AP) — The Walt Disney Co. (DIS) on Wednesday reported fiscal first-quarter earnings of $1.28 billion. On a per-share basis, the Burbank, California-based company said it had net income of 70 cents. Earnings, adjusted for non-recurring costs...
This Week: Disney earnings, unemployment, consumer sentiment
A look at some of the key business events and economic indicators upcoming this week: Disney reports earnings Entertainment giant Walt Disney Co. will report its latest financial results on Wednesday. Analysts polled by FactSet expect the company to...
Murdoch pulls plug on possible merger of News Corp., Fox
NEW YORK (AP) — Rupert Murdoch has pulled the plug on a proposal to bring back together his News Corp. and Fox Corp., saying the merger isn't coming at the right time for shareholders. In similar statements Tuesday, the companies said their boards received letters from Murdoch...
