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☆ Comcast’s cable networks spinoff raises questions about future of the TV business
▼ + stars: | 2024-11-20 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

On Wednesday morning, the media giant confirmed that it is spinning off most of its cable channels, including MSNBC and CNBC, into a separate publicly traded company. The new company doesn’t have a formal name yet — Comcast is simplycalling it “SpinCo” — a suitable label since employees’ heads are spinning with questions. Discovery, spin off their cable channels too? How might the cable bundle business model be impacted? “This is a very clear, direct statement by Comcast” that “they are exiting the cable network business,” Greenfield said.

Persons: Mike Cavanagh, NBCUniversal, Tom Rogers, Rogers, “ it’s, ”, ” Rogers, Rich Greenfield, ” Greenfield, ’ It’s, Mark Lazarus, Lazarus, “, Joe Kernen, Greenfield’s, Greenfield, Matt Stoller, Hugh Johnston, “ SpinCo Organizations: New, New York CNN, Comcast, MSNBC, CNBC, Walt Disney Company, Warner Bros, NBC Cable, Lightshed Partners, Paramount, USA Network, SYFY, Golf, Rotten, NBC, American Economic Liberties, Disney, ” Fox Corp Locations: New York

☆ Bob Iger is the most confident man in Corporate America
▼ + stars: | 2024-11-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

(Translation: No one knows what the heck is going to happen with Donald Trump in the White House again. But more on that in a moment…)“This is a happy plot twist for Disney,” Paul Verna, vice president at research firm eMarketer, told me. Of course, the third act of the hero’s journey has its own pitfalls, which Disney still has to navigate. “We, in many respects, have already consolidated,” Iger said on Thursday’s earnings call. As in any good final act, the journey should, at the very least, be entertaining.

Persons: CNN Business ’, —, Bob Iger, Donald Trump, ” Paul Verna, Iger, Deadpool, underwhelmed, Joe Biden, ” Iger, “ Trump, ” Verna, Trump, ” Trump, Kamala Harris, George Stephanopoulos, Iger —, Trump’s, Disney Organizations: CNN Business, New York CNN, Walt Disney Company, Disney, ABC, FX, ESPN, Marvel, Lucasfilm, Marvel Studios, Corporate America, Trump Locations: New York, America

☆ My 6-figure consulting job wasn't fulfilling. I quit to start my own business when I realized dream company doesn't necessarily mean dream life.
▼ + stars: | 2024-11-10 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

AJ Eckstein left a stable consulting job to launch Creator Match, seeking more control of his career. After long days, I'd return to my apartment and dedicate myself to case prep to pursue a consulting career. I was doing my own Creator brand deals on LinkedIn and starting to help Creator friends monetize their brands, which is how the idea for my company, Creator Match, was born. Leaving felt like getting divorced from someone I admired and respected. AdvertisementI reminded myself that I wasn't leaving him — I was leaving the company to pursue a dream.

Persons: AJ Eckstein, Eckstein, —, It's, I'd, haven't, Lauryn Haas Organizations: Service, Austin, Walt Disney Company, LinkedIn, lhaas

☆ Nvidia to replace Intel in Dow Jones Industrial Average
▼ + stars: | 2024-11-02 | by ( Lloyd Lee | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Nvidia is replacing Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said Friday. AdvertisementNvidia is joining the Dow Jones Industrial Average, the S&P Dow Jones Indices said on Friday, replacing its rival Intel, which held the position for 25 years. AdvertisementThe Sherwin-Williams Company (SHW) will also replace Dow Inc. (DOW) in the index. The Dow Jones Industrial Average, or DJIA, is made up of 30 blue-chip companies, from Amazon to Walt Disney Co., and is often used as a benchmark for the broader US economy. Now, with its entrance into the DJIA, it only underlines the mainstream acceptance of Nvidia as a market leader.

Persons: Dow, —, Sherwin, missteps, Pat Gelsinger, Jensen Huang, Jensen, Dan Ives, JPMorgan Chase, Johnson, Goldman Sachs Organizations: Nvidia, Intel, Dow Jones, Service, Williams Company, Dow Inc, DOW, Walt Disney Co, Amazon Web Services, Corporate Finance Institute, Microsoft, Walmart, JPMorgan, UnitedHealth, Procter, Gamble Company, Cola Company, Chevron Corporation, Merck, Co, Cisco Systems, McDonald's Corporation, Business Machines Corporation, IBM, American Express Company, Caterpillar, Verizon Communications, Walt Disney Company, Goldman, Honeywell International, Nike, Boeing Company, Intel Corporation, 3M Company, Travelers Companies, Dow Locations: Amazon, Silicon Valley, Susquehanna

☆ CNBC Sport: ESPN Chairman Jimmy Pitaro on the most important bet in media
▼ + stars: | 2024-10-31 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +19 min

ESPN President Jimmy Pitaro , who I spoke with this week in an exclusive interview, doesn't shy away from that. Other media companies buy sports rights too, but ESPN buys more, and its entire existence is predicated on it. Yes, ESPN+ has existed since 2018, but ESPN+ has always been ESPN Lite, as I discussed in a CNBC documentary we put out earlier this year. "If that deal delivers for us in terms of growing our ratings, growing our reach – we got Flagship rights. "If that deal delivers for us in terms of growing our ratings, growing our reach – we got Flagship rights.

Persons: Alex Sherman, Jimmy Pitaro, doesn't, Pitaro, That's, it's, There's, Pitaro hasn't, Venu, Fubo, –, He's, Shams Charania, Pat McAfee, he's, Zach Lowe, Max Kellerman, Suzy Kolber, Robert Griffin III, Steve Young, Jalen Rose, We're, Alex, you've, Morgan, Cooper Flagg, Flagg, CNBC's Jess Golden, hasn't, Erik, Hag, Ruud van Nistelrooy, Ruben Amorim, Shohei, — Dwyane Wade, Wade, Michelangelo's David, Dwyane Wade Organizations: CNBC, ESPN, Walt Disney Company, Cable, Warner Bros . Discovery, Paramount Global, Disney, ESPN –, Monday, Football, NBA, WNBA, NHL, MLB, College Football, ACC, Masters, Wimbledon, UFC, Revenue, Flagship, CNBC Sport, Morgan Stanley Wealth Management, Gatorade, Manchester United, archrival Manchester City, English Premier League, Sky Sports News, Los Angeles Dodgers, Major League Baseball, Kaseya, Union of European Football Associations, The, Pickleball, CBS, Fox Sports, December's APP, ESPN Headquarters, Washington Post, The Washington Post Locations: Duke, Los Angeles, Dallas, Atlanta, Portuguese, Japan, Miami, Europe, Fort Lauderdale , Florida

Disney parks are adding a top-tier, line-skipping upgrade with a whole new world of pricing: as much as $449 per person on top of park admission, Walt Disney Co. said Wednesday. The two existing Lightning Lane passes require holders to commit to estimated time windows for specific attractions. Tokyo Disney Resort's Premier Access passes work like the Lightning Lane Multi Pass. Disney World tickets start at $119 for single-day admission and are $104 for one of the Disneyland Resort parks, according to the park websites. The Premier Pass pilot program is among Disney Parks' priciest upgrades or ticket packages.

Persons: Lightning Organizations: Disney, Walt Disney Co, Lightning, Walt Disney, Disneyland, Disney Parks, Paris, Premier, Tokyo Disney Resort's, Universal Express, Universal Destinations, Universal Studios Hollywood, NBC, Universal, Comcast, Walt Disney Company, CNBC Locations: Anaheim , California, Lake Buena Vista , Florida, Florida, Tokyo

☆ Disneyland hikes ticket prices for its highest-demand days
▼ + stars: | 2024-10-09 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Still, the company has sought to offer discounted tickets and hotel stays for those who opt to visit Disneyland during off-peak periods. Much like the airline, hotel and even concert entertainment industries, Disney's theme parks operate on a demand-based pricing model. But to handle demand, Disney has a tiered ticket system. Tier 0 is the lowest demand, the $104 base ticket price, while Tier 6 is the highest demand and will see an increase of $12 to $206 per ticket. Disney's online ticketing website for those theme parks — Animal Kingdom, Magic Kingdom, Hollywood Studios and Epcot — already reflects pricing increases for 2025, which were reported back in February.

Persons: Price, Jessica Good, Disney Organizations: Walt Disney Company, Disney, Disneyland Resort, Lightning, Walt Disney World, Hollywood Studios, Epcot Locations: California, Orlando , Florida, Magic Kingdom

☆ Disney to ditch Slack following July data breach
▼ + stars: | 2024-09-19 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

The Mickey Mouse and Minnie Mouse float passes by during the daily Festival of Fantasy Parade at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. The Walt Disney Company will no longer use Slack for in-house company communication months after a hack that involved more than a terabyte of company data being leaked to the public. Representatives from Disney and Salesforce, the owner of Slack, did not immediately respond to CNBC's request for comment. "Companies also have to take the right measure to prevent phishing attacks and to lockdown their employees' social engineering," he added. Benioff noted that Disney continues to use Salesforce products in other aspects of its business including its Disney store, Disney guides, sales and service operations and its call centers.

Persons: Mickey Mouse, Mouse, Hugh Johnston, Slack, Marc Benioff, Benioff, Disney Organizations: Magic, Walt Disney World, Walt Disney Company, Disney, CNBC, Bloomberg Locations: Orlando , Florida

☆ Companies that 'prioritize work flexibility' have the happiest workers, new ranking shows
▼ + stars: | 2024-09-17 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

1 for employee wellbeing, according to the 2024 Work Wellbeing 100 from Indeed and the University of Oxford's Wellbeing Research Centre. Indeed's ranking found that companies with higher work wellbeing scores also have higher valuations, returns on assets and profits. "A lot of these companies tend to prioritize work flexibility," says Kyle M.K., a talent strategy advisor at Indeed. "Companies that provide choice are the ones that tend to have a much better reputation among their employees," M.K. "By prioritizing work wellbeing, companies cultivate a more resilient, effective and happier workforce which ultimately drives business growth."

Persons: Kyle M.K, LaFawn Davis, Indeed's Organizations: University of Oxford's, Research, Nasdaq, Companies, Block, Human, Delta Air Lines, Accenture Nike, International Disney Parks, Flex, Walt Disney Company Wipro, Vans, Technology Solutions, Bros Coffee Microsoft FedEx Freight, CNBC

☆ James Earl Jones, iconic voice of Darth Vader in ‘Star Wars’ and Mufasa in ‘The Lion King,’ dead at 93
▼ + stars: | 2024-09-09 | by ( Brandon Griggs | Alli Rosenbloom | ) edition.cnn.com time to read: +14 min

“I lucked out.”Back then nobody imagined “Star Wars” would become a blockbuster, let alone an enduring franchise and cultural phenomenon. James Earl Jones and Darth Vader during "Star Wars: Episode II - Attack of the Clones" premiere event. Jesse Dittmar for The Washington Post/Getty Images Jones, seen here in 1960, was born in Arkabutla, Mississippi, in 1931. Steve Ringman/San Francisco Chronicle/Getty Images Jones appears with Alec Baldwin in a scene from "The Hunt for Red October" (1990). The LIFE Picture Collection/Getty Images Jones appears next to Darth Vader, who he famously voiced in the "Star Wars" movies.

Persons: James Earl Jones, Jones, Darth Vader, King ”, ”, Bob Iger, “, ” Jones, George Lucas, David Prowse, “ George, Lucas, Vader, Jim Spellman, WireImage, ‘, you’ve, Luke Skywalker, Mark Hamill, ” Hamill, He’ll, ’, ’ ”, Robert Earl Jones, James, Langston Hughes, Bettmann, Stanley Kubrick’s “, Strangelove, Jack Johnson, Tony, Sidney Poitier, Alex Haley, TV’s, Thulsa, Conan, ” Kevin Costner’s, Admiral Greer, Costner, Jones ’, King Jaffe Joffer, Wan Kenobi, Mufasa, “ L.A, Law ”, King James, Rachael Ray, ” James Earl Jones, Jesse Dittmar, William Shakespeare's, Stanley Kubrick's, Julienne Marie, Alan Aaronson, Harry Benson, Richard Nixon, Julie Harris, Angela Lansbury, Jerry Orbach, Muhammad Ali, King Lear, Jack Mitchell, Paul Robeson, Robeson, Hulton, Marlon Brando, Ronald Reagan's, AP Jones, Thulsa Doom, Everett, Steve Ringman, Alec Baldwin, Nick Ut, George H.W, George H.W . Bush, Bush, Doug Mills, Cecilia Hart, Flynn, Paul Simon, Chita Rivera, Laura Bush, George W, Alex Wong, Grace, Chris Haston, Rosa Parks, Faith Ringgold, Richard Drew, Kevin Wolf, Matt Rourke, Debbie Allen, Evan Agostini, Forest Whitaker, Kevin Winter, Vanessa Redgrave, Daisy, Sara Krulwich, Astrid Stawiarz, Marian Anderson, Matt Slocum, Grant Lamos IV, Steven Senne, John Atashian, Jones “, …, Arthur Miller Organizations: CNN, “, Walt Disney Company, American Film Institute, ‘, University of Michigan, Army, Disney, The Washington Post, US Army, Newspapers, Broadway, CBS, Getty, New York Daily, Daily, ABC, Walt Disney Television, Everett, Hulton Deutsch, AP, San Francisco Chronicle, Mondadori, Arts, Kennedy, NBC, Elementary, NBA, National Constitution Center, Screen, New York Times, Harvard University, Globe, Academy of Locations: “, Michigan, Mississippi, New York, Hollywood, America, “ The, African, Iowa, Arkabutla , Mississippi, New, Vietnam, Washington , DC, George H.W ., Montgomery, Independence, Philadelphia

☆ Before his death, Steve Jobs told Bob Iger to retire from Disney and try to enjoy the good things in life: report
▼ + stars: | 2024-09-09 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewBefore dying of pancreatic cancer in October 2011, the late Apple CEO Steve Jobs told his counterpart at Disney, Bob Iger to start planning his retirement. Jobs, Iger wrote in his memoir, played a critical role in Disney's acquisition of Marvel in 2009. In July 2023, Disney said that Iger's tenure as Disney CEO will run through 2026. Advertisement"The person that I think most of, that I was fortunate enough to have observed very closely, is Steve Jobs," Iger said of Jobs in an interview with Time magazine published in April 2023. Jobs, Iger told the magazine, had returned to Apple under "very different circumstances" than when he'd founded it.

Persons: —, Steve Jobs, Bob Iger, Jobs, Iger, Disney didn't, he'd, Ike Perlmutter, Marvel's, we'd, Ike, Steve Organizations: Service, Apple, Disney, New York Times, Business, Iger, Walt Disney Company, Pixar, Marvel, NeXT

☆ Disney told a man he couldn't take it to court over his wife's death at one of its parks because he once had a Disney+ trial. Now it's backing down.
▼ + stars: | 2024-08-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Kanokporn Tangsuan, a 42-year-old doctor in New York, died in October 2023 from anaphylaxis after eating at a restaurant at Disney Springs at Walt Disney World in Orlando, according to the lawsuit. Walt Disney World's Disney Springs is home to a number of shops, restaurants, and attractions. This includes "any related disputes involving The Walt Disney Company, its subsidiaries, or its affiliates," the terms say. Piccolo agreed to the terms again when he logged into his Disney account to book tickets for Walt Disney World's Epcot park, Disney said. "Whether Piccolo actually reviewed the Disney Terms is also immaterial," the company's lawyers wrote.

Persons: —, Disney, Kanokporn, Walt Disney, Jeffrey Greenberg, Jeffrey Piccolo, Piccolo, Walt, Kanokporn Tangsuan, Josh D'Amaro, we've Organizations: Service, Disney, Disney Springs, Walt Disney, Business, Getty, Irish Pubs, Walt Disney Company, CNN Locations: Florida, New York, Orlando, Raglan, Irish Pubs Florida, Kanokporn

☆ Miley Cyrus becomes youngest Disney Legend: ‘Proud to have been Hannah Montana’
▼ + stars: | 2024-08-12 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

The singer who rose to fame on “Hannah Montana” is now the youngest person to be named a Disney Legend. To quote the legend herself, ‘This is the life.’ “Cyrus was among 14 artists honored as Disney Legends this year. The Walt Disney Company“The Disney Legends Award is the highest honor our company bestows,” Disney Chief Executive Officer Bob Iger told the crowd at the event. Disney Legends are bound by the special place they have earned in our history for their tremendous contributions in service of entertaining and delighting fans around the globe.”Congratulations to the iconic Harrison Ford on his Disney Legends Award! 🌟🎉 #D23 pic.twitter.com/ShFZ8jeRYb — Disney D23 (@DisneyD23) August 12, 2024Iger presented Ford, who he described as a “true Disney Legend and a dear friend,” with his award.

Persons: Miley Cyrus, Hannah Montana ”, Cyrus, “, ” Cyrus, Hannah Montana, Hannah, ’ “ Cyrus, Angela Bassett, Jamie Lee Curtis, James L, Brooks, James Cameron, Harrison Ford, Frank Oz, Kelly Ripa, Oscar, John Williams, Disney, Colleen Atwood, Martha Blanding, Steve Ditko, Mark Henn, Joe Rohde, Ryan Seacrest, ”, Bob Iger, “ It’s Organizations: CNN, Disney, Walt Disney Company, ” Disney Locations: ”

☆ Disney is hoping for a box office rebound built on sequels, prequels and pixie dust
▼ + stars: | 2024-08-10 | by ( Sarah Whitten | ) www.cnbc.com time to read: +8 min

Yet, the company's post-pandemic box office was also beset by executive decisions to increase content production to pad its fledgling streaming service Disney+. As the company seeks to rebuild its reputation and recapture magic at the box office, it is relying heavily on existing, and beloved, franchises. Revisiting old favoritesHeading into D23, Disney had two major box office successes under its belt from two major franchises. Its latest Pixar film, "Inside Out 2," is now the highest-grossing animated film of all time, topping $1.5 billion at the global box office. Robert Downey Jr. speaks onstage during the Marvel Studios Panel in Hall H at SDCC in San Diego, California on July 27, 2024.

Persons: Bob Iger, Araya Doheny, Iger, —, Auli'i Cravalho, Dwayne Johnson, Disney, Elio, Adrian Molina, Zoe Saldana, Jon Hamm, Bobby Moynihan, Mando, Grogu, Cassian Andor, Jude Law, jettison, Thanos, Kevin Feige, San Diego Comic Con, Robert Downey Jr, Doom, Jesse Grant Organizations: Walt Disney Company, Disney Entertainment, Getty, Honda Center, Disney, Disney's, Pixar, Walt Disney Studios, Lucasfilm, stormtroopers, ATs, Galactic, Star, Marvel, Marvel Studios, San Diego Comic Locations: Anaheim , California, Hollywood, SDCC, San Diego , California

☆ Opinion | How to Save Disney
▼ + stars: | 2024-08-09 | by ( Ross Douthat | ) www.nytimes.com time to read: +1 min

In the feast-or-famine landscape of contemporary cinematic box office, Disney is gorging itself at the high table once again. There are the recent stumbles into culture-war controversy and a related impulse to blame the fans when self-consciously diverse content disappoints commercially. There’s the stagnant stock price, the big layoffs last year and the smaller ones this year. But really, the problems can be summed up in a single sentence: The old stuff still sells, but nobody likes the new stuff. But when it comes to new content and new storytelling, the Mouse is struggling to connect.

Persons: ”, Hugh Jackman Organizations: Walt Disney Company, ” Marvel, Pixar, Disney, Vox Media

☆ Wall Street will look for signs of what's next for the market after a rocky start to August
▼ + stars: | 2024-08-02 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The S & P 500 ended the week down by 2%. As of Friday, the Nasdaq Composite was more than 10% below its recent high, while the S & P 500 was down by 5.7%. Markets were last pricing in a 71% chance of a half percentage point rate cut in September, up from 22% on Thursday, according to the CME FedWatch Tool . Brands , Fidelity National Information Services , Uber Technologies , Marathon Petroleum , Caterpillar Wednesday Aug. 7 3 p.m. Consumer Credit (June) Earnings: Costco Wholesale , Warner Bros. Discovery , Occidental Petroleum , Ralph Lauren , CVS Health , Hilton Worldwide Holdings , Walt Disney Company Thursday Aug. 8 8:30 a.m.

Persons: Stocks, payrolls, Bill Hornbarger, Benjamin F, Edwards, Russell, Claudia Sahm, selloff, Michael Kantrowitz, Piper Sandler, Kantrowitz, Jan Hatzius, Goldman Sachs, Hatzius, CNBC's, Eli Lilly, Ralph Lauren, Martin Marietta Organizations: Nasdaq, Treasury, Investors, Federal Reserve, Walt Disney Company, Caterpillar, Costco, Micro Computer, PMI, PMI Services, Services PMI, Simon Property Group, Diamondback Energy, Tyson Foods, Devon Energy, Airbnb, Wynn Resorts, TransDigm, Brands, Fidelity National Information Services, Uber Technologies, Marathon Petroleum, Consumer Credit, Costco Wholesale, Warner Bros, Discovery, Occidental Petroleum, CVS Health, Hilton Worldwide Holdings, Gilead Sciences, Akamai Technologies, News Corp, Paramount Global, Expedia, Martin, Martin Marietta Materials Locations: Fortinet, Devon

☆ Thousands of Disneyland workers vote to authorize a strike
▼ + stars: | 2024-07-20 | by ( ) www.cnbc.com time to read: +1 min

People walk toward an entrance to Disneyland on April 24, 2023 in Anaheim, California. Four unions representing more than 14,000 workers at Disney's theme parks and resort properties in Southern California announced late Friday that members have voted to authorize a strike, citing alleged unfair labor practices during contract negotiations. The thousands of workers at Disneyland, Disney California Adventure, the Downtown Disney retail district and Disney-owned hotels authorized a walkout, the unions announced. If a strike does occur, it would be the first at Disneyland in 40 years. The unions said there was "a 99% membership vote in favor of authorizing their Disney Workers Rising bargaining committee to call for an unfair labor practice strike."

Organizations: Disney, Downtown Disney, Disneyland, Disney Workers, Disney Workers Rising, Walt Disney Company Locations: Anaheim , California, Southern California, Disney California

☆ Angel City FC set to become world’s most valuable pro women’s sports team following new investment
▼ + stars: | 2024-07-18 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +2 min

CNN —Angel City FC (ACFC) will become the most valuable women’s professional sports team in the world, the club announced Wednesday. Angel City FC plays in the National Women’s Soccer League (NWSL) – the top division of women’s soccer in the US. “ACFC and these incredible athletes have already had a tremendous impact on the NWSL, women’s soccer, and the Los Angeles community. “With this investment of resources and capital, we hope to accelerate the growth of the Club and the NWSL. There are 56 NWSL players on Olympic rosters – including Angel City FC defender and New Zealand captain Ali Riley.

Persons: Bob Iger, ACFC, Bay, “ ACFC, Angel City, ”, Jessica Berman, ” Berman, Willow, Bob, –, Ali Riley Organizations: CNN, Angel City FC, USC Annenberg School for Communication, Journalism, Walt Disney Company, National Women’s Soccer League, Club, NWSL, of Governors, New Zealand Locations: Willow, Los Angeles, Willow Bay, Paris

☆ Japan's next big tourist craze: Disney cruises
▼ + stars: | 2024-07-10 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Tokyo Disneyland's owner, Oriental Land, will invest $2 billion to bring Disney cruises to Japan. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTokyo Disneyland's owner is doubling down on the Disney magic with a new investment in cruises. Oriental Land, which owns and operates Disney Resorts in Tokyo, said on Tuesday it will invest $2 billion to launch Disney cruises in Japan.

Persons: — Organizations: Disney, Service, Disney Resorts, Walt Disney Company, Business Locations: Tokyo, Oriental, Japan

☆ Disney heiress, wealthy Democratic donors say they won't finance the party until Joe Biden drops out
▼ + stars: | 2024-07-04 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

President Joe Biden is facing an uprising from some his own party's wealthy donors, including an heiress to the Disney family fortune, who say they will no longer fund the Democratic Party until Biden drops out of the presidential race following his disastrous debate performance. The president has said he has no plans to withdraw from the race, despite calls for him to do so. "I intend to stop any contributions to the party unless and until they replace Biden at the top of the ticket. Disney pointed to Vice President Kamala Harris as a solid alternative to Biden, arguing she'd be able to defeat Trump. Jurvetson is among the top 50 donors this cycle across the country, donating over $5 million to Democrats, according to OpenSecrets.

Persons: Joe Biden, Donald Trump's, Disney, Biden, Abigail Disney, Roy O, Donald Trump, Lloyd Doggett, Jane Fonda, Kamala Harris, she'd, quibbling, Gideon Stein, he's, Stein, I've, Karla Jurvetson, Jurvetson Organizations: U.S, Supreme, Republican, White, Democratic Party, Walt Disney Company, CNBC, Trump, New York Times, Sienna, Representatives, Disney, Biden, Democratic, FEC Locations: Washington , U.S, Texas

☆ Netflix wants to be Disney when it grows up
▼ + stars: | 2024-06-24 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

The company will unveil its first Netflix House venues in 2025 at two US-based malls: King of Prussia and Galleria Dallas. "We've launched more than 50 experiences in 25 cities, and Netflix House represents the next generation of our distinctive offerings. At a 2019 conference, former Disney CEO Reed Hastings said that Netflix admired Disney. Advertisement"Think of Hollywood Studios," McCoy said, referring to the Walt Disney World theme park. Netflix House and then Netflix World?

Persons: —, of Prussia, We've, Marian Lee, Joe Burbank, Reed Hastings, playbook, Steinberg, Ericka McCoy, there's, King of Prussia, McCoy, Matt Voda, Voda, it's Organizations: Service, Netflix, Galleria Dallas, Business, Walt Disney Company, Walt Disney, Orlando Sentinel, Tribune, Getty, Disney, Zeta Global, . Orlando Sentinel, Sears, Hollywood Studios, Hollywood Studios . Orlando Sentinel, OptiMine Locations: California, Magic, Florida, Lycoming Mall, Pennsylvania

☆ These employees moved across the country for work, then Disney canceled the project. Now they’re suing.
▼ + stars: | 2024-06-19 | by ( Natasha Chen | ) edition.cnn.com time to read: +3 min

CNN —Two employees are suing the Walt Disney Company, saying the company moved their jobs from California to Florida, only for Disney to cancel the project and move them back, hurting them financially and emotionally. But in May 2023, after CEO Bob Iger returned, the company canceled the $1 billion Lake Nona office complex amid a legal and political battle with Republican Gov. The plaintiffs, Maria De La Cruz and George Fong, both work for Disney’s product design division. The complaint alleges that Disney misrepresented and concealed its true plans for the Lake Nona project, hurting – financially and otherwise – at least 250 employees who had made the move from California to Florida. De La Cruz, Mr. Fong and many others dutifully moved to Florida because they love their jobs, they love the people they work with, and they love Disney,” Attorney Jason Lohr said.

Persons: They’re, Bob Chapek, Bob Iger, Ron DeSantis, Maria De La Cruz, George Fong, De La Cruz, Fong, Lohr Ripamonti, Disney, –, Disney “, De, Ms, Jason Lohr Organizations: CNN, Walt Disney Company, Disney, Republican Gov, Lohr, Superior Court of, Lake, Florida Locations: California, Florida, Nona, Superior Court of Los Angeles, De La, Southern California, Central Florida

☆ Disney's new development deal with DeSantis could pave the way for a Disney World expansion of mythic proportions
▼ + stars: | 2024-06-02 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Central Florida's tourism oversight district will soon vote on a development plan with Disney. The plan would greenlight $17 billion in development at Walt Disney World over 10 to 20 years. It could herald the arrival of the much-rumored "fifth theme park" in Florida. AdvertisementRumors that Walt Disney World might build a fifth theme park in Central Florida have persisted for years. A potential new development agreement between Central Florida's tourism board and The Walt Disney Company could usher in the rumored expansion.

Persons: —, Walt Organizations: Disney, Walt Disney World, Service, Walt Disney, Walt Disney Company, Central, Business Locations: Florida, Central Florida, Central

☆ Disney's Bob Iger may be celebrating today after Nelson Peltz's latest move
▼ + stars: | 2024-05-30 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Billionaire Nelson Peltz is no longer an investor in Disney. Peltz fought a pricey proxy battle with Disney CEO Bob Iger over its board but lost. He's now sold all his Disney shares, which marks the likely end of the power struggle. AdvertisementBillionaire hedge fund founder Nelson Peltz has sold his stake in The Walt Disney Company after losing a pricey proxy battle with CEO Bob Iger. Peltz, the activist investor who founded Trian Partners, once controlled about $3.5 billion in Disney stock.

Persons: Nelson Peltz, Peltz, Bob Iger, He's, —, Jay Rasulo Organizations: Disney, Service, Billionaire, Walt Disney Company, Trian Partners, The New York Times, Business

☆ Activist Investor Nelson Peltz Is Said to Sell His Disney Stake
▼ + stars: | 2024-05-29 | by ( Lauren Hirsch | More About Lauren Hirsch | ) www.nytimes.com time to read: +1 min

Nearly two months after losing an epic corporate battle to get on the board of the Walt Disney Company, Nelson Peltz is no longer an investor in the entertainment company. Mr. Peltz, the billionaire head of the hedge fund Trian Fund Management, controlled about $3.5 billion in Disney stock, a vast majority of it owned by Ike Perlmutter, a former chairman of Marvel Entertainment. Mr. Peltz has now sold his portion of those shares, a person familiar with the investment said, requesting anonymity to discuss confidential matters. By selling his shares, Mr. Peltz is seemingly removing a thorn in Disney’s side. Mr. Peltz, an activist investor, began criticizing Disney’s management under Robert A. Iger, the chief executive, early last year, pointing to the company’s streaming strategy, lagging stock price and succession planning.

Persons: Nelson Peltz, Peltz, Ike Perlmutter, Robert A, Trian Organizations: Walt Disney Company, Fund Management, Disney, Marvel Entertainment

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