Disney's legal and government affairs division is set to become significantly smaller as part of a broad restructuring driven by technological changes and cost-cutting efforts. Chief legal officer Horacio Gutierrez warned staff that the department will be reimagined with fewer employees, incorporating automation, outsourcing, and new workflows. This move aligns with Disney's wider strategy to reduce labor costs and administrative expenses to free up funds for growth. The company has already incurred $180 million in severance costs and plans to update investors as the restructuring progresses.
Disney shares trade at USD 105.99 on Pluang as of Sep 26, 2026 03:01 WIB, up 0.42% in the last day. The stock's market cap stands at $182.27 billion with a dividend yield of 1.42%. Despite the restructuring news, Pluang order activity shows 95% selling interest among investors.
Bob Chapek, former CEO of Disney, claims in his upcoming memoir that his predecessor and successor, Bob Iger, deliberately undermined his leadership and orchestrated his ouster less than three years into his tenure. Chapek alleges Iger maintained inf...
Meta announced its new VR product, Meta VR Glasses, which are five times lighter than the Meta Quest 3 and resemble regular glasses. These glasses feature micro-OLED lenses with 5K resolution, Dolby Vision, and Dolby Atmos audio, powered by Qualcomm'...
Disney has increased prices for its streaming services, raising the ad-free Disney+ and Hulu bundle to $21.99 per month and standalone ad-free plans to $21.49. Ad-supported plans now cost $12.49 monthly. This follows similar hikes by other streaming ...
An activist investor group led by JANA Partners is urging Six Flags to explore a sale, which could set a new valuation benchmark for theme parks and impact Disney's valuation of its own parks segment. Six Flags is struggling financially, with widenin...
Disney is increasing subscription prices for its streaming services, including a $2.50 hike on the ad-free Disney+ plan to $21.49 per month. Hulu's ad-free plan will also rise by $2.50, and the ad-free Disney+ and Hulu bundle will increase by $2 to $...
