DIRS.INFO The most relevant business & tech news

He will replace Bob Chapek, who took over as Disney CEO in February 2020 just as the COVID-19 pandemic hit, leading to park closures and restrictions on visitors globally. Disney disappointed investors this month with an earnings report that showed mounting losses at its streaming media unit that includes Disney+. [1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. IGER'S RETURNSIger exited Disney on a high note as the company led the battle against Netflix in the streaming wars. During his tenure, Disney made several key acquisitions, including Pixar Animation Studios, Marvel Entertainment and 21st Century Fox, and boosted its market capitalization five-fold.

☆ Bob Iger named Disney CEO in shocking development
▼ + stars: | 2022-11-20 | by ( Frank Pallotta | ) edition.cnn.com time to read: +1 min

CNN Business —In a move that shocked Hollywood, Bob Iger, one of the most notable CEOs in the history of the Walt Disney company, is returning to run the media empire. Bob Chapek, who replaced Iger in 2020 as CEO, is stepping down immediately. Iger has an almost mythical status as the leader of Disney. He spent 15 years as CEO and was instrumental in acquiring major brands like Marvel and Lucasfilm, the home to Star Wars. Iger also kicked off the streaming revolution at Disney with the creation of Disney+ in November 2019.

☆ Analysis: Ron DeSantis' big election night shakes 2024 White House field
▼ + stars: | 2022-11-10 | by ( James Oliphant | ) www.reuters.com time to read: +7 min

Trump would be the favorite in a primary matchup against DeSantis or any other Republican. Although he has been coy about a presidential run, supporters at his victory party chanted "Two more years!" Even if Trump mounts another presidential run, he will continue to face a dizzying array of legal headaches, including probes of his efforts to overturn the 2020 election and his removal of classified documents from the White House. I don't like him," said two-time Trump voter Gordon Nelson, 77, as he voted for Republican candidates in Michigan on Tuesday. At a Wednesday press conference, Biden seemed amused at the prospect of Trump and DeSantis going head-to-head.

☆ Remaking the River That Remade L.A.
▼ + stars: | 2022-11-10 | by ( Michael Kimmelman | Photographs Adali Schell | ) www.nytimes.com time to read: +33 min

Remaking the River That Remade L.A.February 1938 was a wet month in Los Angeles. Reservoirs overflowed, dams topped out and floodwaters careered down Pacoima Wash and Tujunga Wash toward the Los Angeles River. The Los Angeles River was never a storybook river of the kind that, like the Hudson or the Seine, we associate with great cities. Among the naysayers is a venerable organization called Friends of the Los Angeles River, founded by the Texas-born poet and performance artist Lewis MacAdams. “With all the problems L.A. is facing,” he said, “even if it costs $50 billion to fix the river, we should just effing do it.”The headwaters of the Los Angeles River aren’t easy to find.

☆ Why Twitter's downloads and usage have surged following Elon Musk's takeover
▼ + stars: | 2022-11-08 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Twitter downloads and usage have surged. Elon Musk's leadership of Twitter so far has proved chaotic and unnerving for workers and advertisers, but users appear unfazed: Both the app's average daily downloads and daily average usage have increased considerably. According to data from Apptopia, daily downloads for November are already up 28% compared to October. Why Twitter usage may be soaring. An AI version of Elon Musk talked with us about Twitter, Trump, and Tesla.

As recently as August, Lachlan Murdoch described sports betting as "a huge opportunity" for Fox Sports, telling Wall Street it would fuel viewer engagement. The sports betting app Fox Bet is available in four states, with just 0.2% share of the U.S. market, according to researcher Vixio. A free version called Fox Bet Super 6 has attracted some 6 million users whom Fox hopes to eventually convert to gamblers. The growth of Fox Bet has stagnated since market-leading FanDuel's owner, Flutter Entertainment Plc (FLTRF.L), acquired Stars Group in 2020. The matter is the subject of an arbitration case and Lachlan Murdoch told investors a decision is expected imminently.

☆ Wall Street believes these 4 Dow stocks will lead the index after one of its best months ever
▼ + stars: | 2022-10-31 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

As the Dow Jones Industrial Average climbs to its best month in decades, investors may be looking for the stocks poised to continue the upward momentum. If the gains hold Monday, it will be the best month for the index since 1976. Then, CNBC Pro found the stocks that have at least 10% upside to the consensus target price. The stocks set to lead the Dow That yielded four stocks well-known to investors. The next company on the list, Salesforce, has the highest upside to its consensus price target – analysts see it gaining more than 32%.

☆ Workers lacking paid leave quit at higher rates in pandemic, report shows
▼ + stars: | 2022-10-25 | by ( Eli M. Rosenberg | Eli Rosenberg Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

The report found that workers without paid sick leave quit at three to four times the rate of comparable workers between 2019 and 2021. About a quarter of workers in the U.S. do not have paid sick leave, a proportion that is higher among lower-wage workers. In the congressional report, salaried workers — who typically enjoy more benefits and stability — fared better than hourly workers within companies. Female hourly workers experienced worse outcomes than male hourly workers 30% of the time, but among salaried workers, the difference was less than 10%. Both Black and Asian hourly workers were less likely to be promoted than their white counterparts, while Black hourly workers were fired at higher rates than white ones.

☆ James Gunn, Peter Safran named new heads of Warner Bros.' DC studios
▼ + stars: | 2022-10-25 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

James Gunn and Peter Safran will be the next co-heads of Warner Bros. The news comes during a tumultuous time for the newly formed Warner Bros. Zaslav has been looking for someone to steady the ship at the DC film division, home to superheroes such as Wonder Woman and Superman, as Warner Bros. Warner Bros. Warner Bros. recently moved its "Aquaman" sequel, which was set for a March 2023 release, to December 2023.

☆ Walmart, Disney among top 12 employers that laid off thousands during the pandemic, House inquiry finds
▼ + stars: | 2022-10-25 | by ( Chelsey Cox | ) www.cnbc.com time to read: +6 min

Black hourly workers at Walmart were also reportedly fired twice as often as white hourly workers in 2020, at 19.7% vs. 10.4%. Members of this group were also fired three times as frequently, 19.7%, as Black salaried employees at 6.3% and almost five times as frequently, 19.7%, as white salaried employees at 4%. In comparison, 10.2% of male hourly workers and 12.4% of female hourly workers with access to sick leave quit that year. Chevron's hourly workers did better than salaried workers more than half the time and while Exxon's hourly workers fared better than salaried workers 40% of the time, according to the report. For instance, Walmart generally did not allow hourly workers to use paid time off benefits until after 90 days of employment.

☆ Motor racing-Formula One and Walt Disney extend ESPN deal until 2025
▼ + stars: | 2022-10-22 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermidAUSTIN, Texas (Reuters) - Liberty Media-owned Formula One and the Walt Disney Company announced an extension of their broadcast partnership on Saturday, keeping the sport on ESPN networks in the United States until 2025. Last year was the most-viewed season ever on U.S. television with an average 949,000 viewers per race, according to Formula One. “Formula One has seen incredible growth in the United States with sold-out events and record television audiences... The ESPN networks have played a huge part in that growth with their dedicated quality coverage.”

☆ Formula One and Walt Disney extend ESPN deal until 2025
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +2 min

AUSTIN, Texas, Oct 22 (Reuters) - Liberty Media-owned Formula One and the Walt Disney Company announced an extension of their broadcast partnership on Saturday, keeping the sport on ESPN networks in the United States until 2025. Last year was the most-viewed season ever on U.S. television with an average 949,000 viewers per race, according to Formula One. Next season is scheduled to have a record 24 races"We are delighted to announce that our partnership with ESPN will continue," said Formula One chief executive Stefano Domenicali in a statement. "Formula One has seen incredible growth in the United States with sold-out events and record television audiences... The ESPN networks have played a huge part in that growth with their dedicated quality coverage."

☆ Hulu insiders are confused and frustrated about their future as Disney and Comcast battle it out for control of the streamer
▼ + stars: | 2022-10-20 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +10 min

Sparring between Disney and Comcast CEOs over Hulu has stoked uncertainty among insiders about the streamer's future. Many wonder how Hulu will stay differentiated from Disney+ if Disney becomes Hulu's sole owner. Insiders and advertisers alike are also watching to see if Hulu will lose some of its distinctiveness as Disney invests more in Disney+. "That was a clear departure from Disney being family-focused and Hulu being general entertainment," said a second former Hulu exec. And as the CEOs posture, people inside the streamer are eager for leadership to tell them, as a third former company insider put it, "what Hulu means to the Walt Disney Company."

☆ This family owns a 'princess cottage' in Disney World's gated community—where homes sell for $12 million: Take a look inside
▼ + stars: | 2022-10-15 | by ( Cristie Anne Cabrera | ) www.cnbc.com time to read: +5 min

Cristie Anne Cabrera's family home in Golden Oak was built to resemble Belle's cottage in Disney's "Beauty and the Beast." My husband and I live about three and a half hours away in Miami, but Golden Oak is our home away from home. What is Disney's Golden Oak? Disney's Golden Oak is a gated property of luxury, single-family homes, just four miles from Disney's Magic Kingdom Park. Photo: Cristie Anne CabreraOne thing that all the Golden Oak homes have in common are the tiny Disney-themed details.

☆ See every stock trade Rep. Marjorie Taylor Greene and her husband have made since 2021
▼ + stars: | 2022-09-29 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

Rep. Marjorie Taylor Greene and her husband are frequent stock traders. Several of the Greenes' stock trades are with companies whose values conflict with those of MTG. As members of Congress debate whether they and their spouses should be able to trade stocks, Republican Rep. Marjorie Taylor Greene and her family continue to regularly buy, sell, and hold stock in various companies. Despite her investment in the companies, Greene has expressed serious disdain for the movement. In April 2021, Greene called Black Lives Matter the "strongest terrorist threat" in the country and introduced legislation to give Congressional Gold Medals to "the law enforcement officers and those who protected American cities during the Black Lives Matter (BLM) riots."

☆ Disney names Alisa Bowen president of Disney+ as it prepares to launch ad tier
▼ + stars: | 2022-09-29 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

The Walt Disney Company has named its Alisa Bowen president of Disney+. On Thursday, the company said Bowen, who had been its executive vice president of business operations for Disney streaming, will immediately take over as the lead executive at its Disney+ subscription service. Michael Paull previously served as president of Disney+ in addition to the company's other streaming brands. In the new standalone role, Bowen is expected to lead the launch of Disney+'s ad-supported tier as well as the promotion of the service and its slate of content. Bowen joined Disney in 2017 as its senior vice president of digital media and chief technology officer of the company's international operations.

☆ Hurricane Ian strengthens as millions urged to evacuate Florida Gulf Coast
▼ + stars: | 2022-09-28 | by ( Brad Brooks | ) www.reuters.com time to read: +8 min

By late Tuesday night, tropical storm-force winds generated by Ian extended through the Florida Keys island chain to the southernmost shores of the state's Gulf Coast, the NHC said. U.S. Federal Emergency Management Agency chief Deanne Criswell said she worried that too few Florida residents were taking the threat seriously. 1/6 A hurricane evacuation route sign is displayed as Hurricane Ian spins toward the state carrying high winds, torrential rains and a powerful storm surge, in Punta Gorda, Florida, U.S. September 27, 2022. If Ian strikes the Tampa area, it would be the first hurricane to make landfall there since the 1921 Tarpon Springs storm. But officials said Hurricane Ian had proven too much, knocking out power even in far eastern Cuba, which was largely unaffected by the storm.

☆ Amazon temporarily closes some Florida warehouses as Hurricane Ian approaches
▼ + stars: | 2022-09-27 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

Amazon is temporarily closing warehouses in parts of Florida as Hurricane Ian churns toward the state. The company on Tuesday shuttered sites near Tampa and Orlando, according to notices sent to employees and reviewed by CNBC. The National Hurricane Center on Tuesday upgraded Hurricane Ian to a Category 3 storm, with maximum sustained winds of 120 miles per hour. Amazon is the latest company to adjust its operations as Hurricane Ian approaches the southeastern coast. WATCH: Florida's Gulf Coast braces for Hurricane Ian to make landfall

☆ Millions in Florida urged to evacuate as Hurricane Ian nears
▼ + stars: | 2022-09-27 | by ( Brad Brooks | ) www.reuters.com time to read: +6 min

A man runs by a boarded up storefront, as Hurricane Ian spins toward the state carrying high winds, torrential rains and a powerful storm surge, in the downtown area of Tampa, Florida, U.S., September 27, 2022. The latest 8 p.m. EDT (2100 GMT) hurricane advisory put Ian's top winds at 120 mph (195 km per hour). Ian was most likely to come ashore south of Tampa near Sarasota, the National Hurricane Center (NHC) said. Parts of central Florida could see as much of 2 feet (0.6 meter) of rain from Ian, according to the National Weather Service. If Ian strikes Tampa, it would be the first hurricane to make landfall in the area since the Tarpon Springs storm in 1921.

☆ Walt Disney World, Universal Studios Orlando to close parks as Hurricane Ian approaches Florida
▼ + stars: | 2022-09-27 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

As Hurricane Ian nears the west coast of Florida, the Walt Disney Company and Comcast's Universal Studios are preparing to close their Orlando-based theme parks for at least two days. Disney announced Tuesday that Animal Kingdom, Hollywood Studios, Epcot and Magic Kingdom would be shuttered Wednesday and Thursday. According to the National Hurricane Center, the storm is headed toward Tampa and will likely pass over central Florida, where the Disney and Universal parks are located. This is not the first time in Walt Disney World's 50-year history that it has closed due to hurricanes. Most recently, in September 2019, the parks briefly closed due to the forecast path of Hurricane Dorian.

☆ Disney heiress Abigail Disney: American businesses are not using their cash to reward workers
▼ + stars: | 2022-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney heiress Abigail Disney: American businesses are not using their cash to reward workersAbigail Disney, documentary filmmaker and granddaughter of one of the founders of the Walt Disney Company, joins CNBC's 'Squawk Box' to discuss her new film 'American Dream and Other Fairy Tales.'

☆ Netflix's aggressive move into ads made noise, but Disney's pitch for ad tier Disney+ Basic is winning over advertisers with lower pricing and seasoned sales teams
▼ + stars: | 2022-09-19 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

The big question is how large Disney's audience for its ad-supported tier, Disney+ Basic, will be. Netflix is scrambling to launch its ads tier in November, which some ad buyers saw as a move to beat the Walt Disney Co.'s Dec. 8 rollout of Disney+ Basic. To be sure, many initial commitments to Disney+ Basic were negotiated as part of the larger TV upfront deals and ranged based on agencies' total spend. If Disney+ Basic underdelivers for advertisers, those buyers also have the assurance that Disney can fill the gaps with other parts of its video business. Both Disney+ Basic and Netflix's ad-supported tier will enter an increasingly crowded marketplace for streaming ads.

☆ Disney CEO Bob Chapek says ESPN will never take bets
▼ + stars: | 2022-09-15 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Disney Chief Executive Bob Chapek said Thursday that the company's sports network ESPN is looking for a partner to help it step into sports gambling. Now we're going to need a partner to do that, because we're never going to be a book, that's never in the cards for the Walt Disney Company," Chapek told CNBC's David Faber said in an exclusive interview. Initially, Loeb pushed for Disney to spin out the sports property, saying it would be easier for it to take part in certain initiatives, such as sports gambling. Sports betting was at the core of Loeb's earlier push to spin off ESPN. Loeb's reversal came shortly after Chapek told reporters during Disney's D23 Expo that he had big plans for ESPN's future, without disclosing details.

☆ Disney CEO wants to add sports betting to ESPN — a move we've long called for
▼ + stars: | 2022-09-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Disney (DIS) has grand plans to innovate at ESPN, including better integration with sports betting, CEO Bob Chapek told CNBC in an interview that aired Thursday. Chapek said Disney does not plan to launch its own sportsbook, meaning it would take bets itself and issue payouts. That's never in the cards for the Walt Disney Company." It's worth noting that of Disney+, ESPN+ and Hulu, the only one that's currently profitable is Hulu. Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019.

☆ Activist investor changes mind about Disney spinning off ESPN
▼ + stars: | 2022-09-12 | by ( Frank Pallotta | ) edition.cnn.com time to read: +2 min

New York CNN Business —Dan Loeb is fine with Disney keeping ESPN after all. The activist investor and Third Point CEO, who made headlines last month when he proposed that the media giant spin off ESPN, had a change of heart over the weekend. https://t.co/Gobvf8KS2w — Daniel S. Loeb (@DanielSLoeb1) September 11, 2022However, Loeb also wanted to see five changes at Disney, which he said would “unlock further value in the near-term.”One change, which got the most attention, was for Disney to ditch ESPN. Loeb noted that “a strong case can be made that the ESPN business should be spun off to shareholders with an appropriate debt load” to reduce Disney’s debt. “ESPN would have greater flexibility to pursue business initiatives that may be more difficult as part of Disney, such as sports betting,” Loeb added.

Search resuls for: "The Walt Disney Co"

25 mentions found