After Character.AI filed for bankruptcy, Disney agreed to hire at least 60 of its employees, covering the majority of the startup's workforce, with an estimated $60 million in annual compensation. This move follows Disney's acquisition of some Character.AI assets for $20 million and the appointment of the startup's former CEO as Disney's CTO. Despite a strong user base, Character.AI faced high costs and legal challenges, including a lawsuit and government investigations related to child safety. The deal is a stalking horse bid, so higher offers could emerge.
Following Disney's strategic move to hire most of Character.AI's workforce, Disney shares show a slight dip, trading at USD 110.55 with a 0.12% decrease as of Oct 18, 2026 23:21 WIB on Pluang. The stock remains within its 52-week range, with a high of USD 116.65 and a low of USD 92.40. Investor interest on Pluang is strong, with 100% buy orders and a typical hold time of 200 days, reflecting steady confidence in Disney's media sector position.
Netflix reported record profits and repurchased nearly $5 billion of its shares in 2026, despite its stock falling 33% year-to-date and trading near a 52-week low. The company expanded its offerings with live NFL games, new ad technology, and partner...
Disney's new CEO, Josh D’Amaro, is considering cutting thousands of jobs as part of a cost-saving effort targeting some managers to reduce expenses by 20%. This move follows previous rounds of layoffs in 2026 and aims to free up funds for investment ...
Disney's new CEO Josh D’Amaro is implementing major layoffs across the company, targeting a 20% cost reduction. The cuts will heavily impact theme parks and TV divisions, which are crucial revenue sources but vulnerable to declining consumer spending...
Walt Disney is considering cutting thousands of jobs as part of a restructuring effort to achieve 20% annual cost savings, according to Bloomberg. CEO Josh D’Amaro is addressing challenges like increased AI use, weaker box office returns, streaming c...
Apple exceeded fiscal Q4 revenue expectations driven by strong iPhone sales and services, forecasting 7-10% revenue growth for the next quarter, above estimates. However, it warned of lower gross margins (45-46%) due to higher costs including memory ...
