Walt Disney Company
The Walt Disney Company ($DIS) is an American mass media conglomerate that owns broadcast television, cable television and radio networks; theme parks, movie studios and the Disney+ streaming app. Its properties include ABC, 21st Century Fox, FX and Disney Plus. It co-owns cable sports channel ESPN with Hearst Communications.
NBA Draft on ABC, ESPN sets viewership record
The 2023 NBA Draft telecast on ABC and ESPN grabbed nearly 5 million combined viewers, not including streaming.
Disney CFO Christine McCarthy stepping down
The executive is taking a permanent leave of absence due to a family issue; Kevin Lansburry will serve as interim CFO.
Disney to shut down six TV channels in Southeast Asia
Disney will shut down six TV channels in Southeast Asia that it acquired from Fox several years ago, as it pushes viewers toward Disney Plus and Hotstar.
Disney sells its final radio station for $5 million
Disney officially ended its tenure as a radio broadcaster this week after it reached a deal to sell Los Angeles-based KRDC for $5 million.
WBD largest broadcaster in Asia-Pacific region after merger
A merger between WarnerMedia and Discovery resulted in the new company becoming the biggest TV broadcaster in the Asia-Pacific region.
Disney finishes laying off 7,000 workers, more planned
The company laid off more than 3 percent of its global workforce between March and May, mostly in its entertainment and media divisions.
Comcast stops funding Hulu as fight with Disney escalates
The two sides are likely to bring their issue before an arbitrator next year as Disney looks to buy Comcast's 33 percent stake in the streamer.
Disney working on streaming version of ESPN, report says
Disney is working on a streaming product that will offer live access to ESPN's core cable channel for the first time.
Disney, former CEO hit with lawsuit over streaming problems
The lawsuit, filed in federal court last week, alleges the company offered misleading statements about the health of its direct-to-consumer products.
Comcast likely to sell stake in Hulu next year, CEO says
The deal could be valued as high as $27.5 billion, with Disney acquiring full control of the streamer.
Disney TV channels hit by cord-cutting, still profitable
The company saw its linear business bring in 7 percent less revenue during Q2 2023, but still posted a profit of $1.828 billion.
Disney to marry Hulu shows, movies with Disney Plus content
Disney will offer a version of its Disney Plus service that incorporates content from Hulu later this year