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Disney Bets on Korean and Japanese Originals in Asia Growth Push
Disney is focusing on select Asian markets to help scale up the local subscriber base and draw international viewership, while cutting content investment in Southeast Asia. Its India operation merged with Reliance Industries’s media business to form a joint venture called JioStar.
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Reliance and Disney Complete Merger to Create a Rs. 70,352 Crore Joint Venture
Reliance Industries Limited announced the completion of a merger with the India business of global media house Walt Disney on Thursday. With this, Viacom 18 Media Private Limited, Reliance Industries Limited, and The Walt Disney Company announced the formation of a joint venture. The joint venture was formed after the approval by the National Compa...
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Walt Disney Forms Business Unit to Coordinate Use of AI, Augmented Reality
Walt Disney is establishing a new Office of Technology Enablement to oversee the integration of emerging technologies like artificial intelligence and mixed reality. The new unit will concentrate on rapidly evolving technological fields, including AI and mixed reality, which merge the physical and digital realms.
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Disney to Stop Using Salesforce-Owned Slack After Hack Exposed Company Data: Report
Walt Disney plans to transition away from its use of Slack as a companywide workplace collaboration system, after a hacking entity leaked online more than a terabyte of company data, according to a report in the Status media newsletter.
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NCLT Approves Merger of Viacom 18, Star India After CCI Nod
The National Company Law Tribunal (NCLT) on Friday approved a merger scheme that will allow Viacom 18 Media with Star India. The merger of Reliance Industries and The Walt Disney Co's media assets was approved earlier this week by the Competition Commission of India and will create the country's largest media empire.
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Tribunal Approves $8.5 Billion Reliance, Walt Disney Merger
A company tribunal has approved the $8.5 billion merger of Reliance Industries and Disney's Indian media assets, Reliance said on Friday.
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Disney Using New AI-Backed Advertising Tool For Disney+, Hulu Ads
Walt Disney is harnessing artificial intelligence to power a new advertising tool that will help brands tailor their commercials to fit the mood of specific scenes within a movie or television series. Dubbed "Disney's Magic Words," this tool introduces a new form of contextual advertising for the Disney+ and Hulu streaming services. It uses a combi...
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Disney to Acquire $1.5 Billion Stake in Epic Games, Create Shared Universe Connected to Fortnite
Walt Disney is acquiring a $1.5 billion (roughly Rs. 12,400 crore) equity stake in Fortnite maker Epic Games as part of a collaboration involving Disney properties like Star Wars, Marvel and Avatar, the companies said Wednesday.
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Disney, Reliance Finalising Terms of Merger in Disney+ Hotstar, Star India Deal: Report
Reliance Industries, India's most valuable company, and Walt Disney are finalising details of a non-binding term sheet to merge their Indian media operations, the Economic Times reported on Tuesday citing executives involved in the deal.
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Elon Musk's X Could Lose Nearly $75 Million in Ad Revenue by Year-End: Report
Elon Musk-owned social media company X could lose as much as $75 million (nearly Rs. 625 crore) in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns, the New York Times reported on Friday. Musk backing an antisemitic post on the platform last week has led several companies including Walt Disney and...
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Netflix Reports 8.8 Million New Subscribers After Crackdown On Password Sharing
The streaming media company added 8.8 million new subscribers over the last three months, far better than expected and up from 2.4 million in the same quarter last year.
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Disney, Netflix, Media Firms Rake in Profit Amid SAG, WGA Hollywood Strikes
Large media companies have been reporting stronger-than-expected profits as the twin strikes by Hollywood writers and actors grind on. While the executives who make and distribute films and TV shows all say they’d like their workers to return soon, their businesses are seeing a huge short-term benefit from the work stoppages: No production means ...
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Disney+Hotstar Said to Introduce Account Sharing Limit in India to Four Devices
Walt Disney's India streaming service plans to start enforcing a policy of allowing its premium users to login from only four devices, an effort aimed at limiting password sharing in a key market, two sources with direct knowledge said. Disney's plan comes just as streaming rival Netflix in May started telling subscribers in more than 100 countries...
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Disney Promotes Hulu Chief Joe Earley to Run Its Streaming Business
Walt Disney has promoted Hulu Chief Joe Earley as president of its direct-to-consumer business, a role that includes responsibility for the company’s Disney+ and Hulu streaming services. After joining Disney in 2019, he was elevated to president of Hulu last year and will continue to run that service until a full-time manager is appointed. CEO Bo...
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Disney to Lay Off 7,000 Workers to Cut Costs, Restructure Company in Sweeping Revamp by CEO Bob Iger
Disney on Wednesday announced that it would cut 7,000 jobs at the firm, as part of efforts to cut costs and return power to creative executives. The company also said it would be restructured into three distinct segments, with the aim of having a more cost-effective, coordinated approach to its operations, according to CEO Bob Iger.
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Disney Bets on Korean and Japanese Originals in Asia Growth Push
Disney is focusing on select Asian markets to help scale up the local subscriber base and draw international viewership, while cutting content investment in Southeast Asia. Its India operation merged with Reliance Industries’s media business to form a joint venture called JioStar.
-
Reliance and Disney Complete Merger to Create a Rs. 70,352 Crore Joint Venture
Reliance Industries Limited announced the completion of a merger with the India business of global media house Walt Disney on Thursday. With this, Viacom 18 Media Private Limited, Reliance Industries Limited, and The Walt Disney Company announced the formation of a joint venture. The joint venture was formed after the approval by the National Compa...
-
Walt Disney Forms Business Unit to Coordinate Use of AI, Augmented Reality
Walt Disney is establishing a new Office of Technology Enablement to oversee the integration of emerging technologies like artificial intelligence and mixed reality. The new unit will concentrate on rapidly evolving technological fields, including AI and mixed reality, which merge the physical and digital realms.
-
Disney to Stop Using Salesforce-Owned Slack After Hack Exposed Company Data: Report
Walt Disney plans to transition away from its use of Slack as a companywide workplace collaboration system, after a hacking entity leaked online more than a terabyte of company data, according to a report in the Status media newsletter.
-
NCLT Approves Merger of Viacom 18, Star India After CCI Nod
The National Company Law Tribunal (NCLT) on Friday approved a merger scheme that will allow Viacom 18 Media with Star India. The merger of Reliance Industries and The Walt Disney Co's media assets was approved earlier this week by the Competition Commission of India and will create the country's largest media empire.
-
Tribunal Approves $8.5 Billion Reliance, Walt Disney Merger
A company tribunal has approved the $8.5 billion merger of Reliance Industries and Disney's Indian media assets, Reliance said on Friday.
-
Disney Using New AI-Backed Advertising Tool For Disney+, Hulu Ads
Walt Disney is harnessing artificial intelligence to power a new advertising tool that will help brands tailor their commercials to fit the mood of specific scenes within a movie or television series. Dubbed "Disney's Magic Words," this tool introduces a new form of contextual advertising for the Disney+ and Hulu streaming services. It uses a combi...
-
Disney to Acquire $1.5 Billion Stake in Epic Games, Create Shared Universe Connected to Fortnite
Walt Disney is acquiring a $1.5 billion (roughly Rs. 12,400 crore) equity stake in Fortnite maker Epic Games as part of a collaboration involving Disney properties like Star Wars, Marvel and Avatar, the companies said Wednesday.
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Disney, Reliance Finalising Terms of Merger in Disney+ Hotstar, Star India Deal: Report
Reliance Industries, India's most valuable company, and Walt Disney are finalising details of a non-binding term sheet to merge their Indian media operations, the Economic Times reported on Tuesday citing executives involved in the deal.
-
Elon Musk's X Could Lose Nearly $75 Million in Ad Revenue by Year-End: Report
Elon Musk-owned social media company X could lose as much as $75 million (nearly Rs. 625 crore) in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns, the New York Times reported on Friday. Musk backing an antisemitic post on the platform last week has led several companies including Walt Disney and...
-
Netflix Reports 8.8 Million New Subscribers After Crackdown On Password Sharing
The streaming media company added 8.8 million new subscribers over the last three months, far better than expected and up from 2.4 million in the same quarter last year.
-
Disney, Netflix, Media Firms Rake in Profit Amid SAG, WGA Hollywood Strikes
Large media companies have been reporting stronger-than-expected profits as the twin strikes by Hollywood writers and actors grind on. While the executives who make and distribute films and TV shows all say they’d like their workers to return soon, their businesses are seeing a huge short-term benefit from the work stoppages: No production means ...
-
Disney+Hotstar Said to Introduce Account Sharing Limit in India to Four Devices
Walt Disney's India streaming service plans to start enforcing a policy of allowing its premium users to login from only four devices, an effort aimed at limiting password sharing in a key market, two sources with direct knowledge said. Disney's plan comes just as streaming rival Netflix in May started telling subscribers in more than 100 countries...
-
Disney Promotes Hulu Chief Joe Earley to Run Its Streaming Business
Walt Disney has promoted Hulu Chief Joe Earley as president of its direct-to-consumer business, a role that includes responsibility for the company’s Disney+ and Hulu streaming services. After joining Disney in 2019, he was elevated to president of Hulu last year and will continue to run that service until a full-time manager is appointed. CEO Bo...
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Disney to Lay Off 7,000 Workers to Cut Costs, Restructure Company in Sweeping Revamp by CEO Bob Iger
Disney on Wednesday announced that it would cut 7,000 jobs at the firm, as part of efforts to cut costs and return power to creative executives. The company also said it would be restructured into three distinct segments, with the aim of having a more cost-effective, coordinated approach to its operations, according to CEO Bob Iger.
