Disney announced hundreds of layoffs across its entertainment divisions, including about 116 jobs cut at Pixar's Emeryville studio. These cuts come despite the strong box office debut of Toy Story 5, reflecting a strategic shift to manage resources amid evolving industry conditions. Pixar's layoffs focus on production and operations and follow previous reductions as Disney moves away from streaming to prioritize theatrical releases. The company aims to become more agile in response to changes in the entertainment business, with upcoming Pixar projects like Gatto and Incredibles 3 still in development.
Fox One, the streaming service with exclusive English rights to the World Cup, added a record 2.8 million new subscribers in June, driven by the tournament's first month. The opening day alone brought 400,000 sign-ups, with 93% being new subscribers....
Disney is set to report its fiscal Q3 results on August 5, with UBS forecasting revenue of $25.4 billion and earnings per share of $1.91, up 18% year-over-year. Growth is expected from the Experiences segment and streaming business, while Sports inco...
