Latest in Walt Disney Company

Disney shares busted out of the starting gate this morning, rising 8% in early trading on a wave of optimistic sentiment about Bob Iger’s return engagement as CEO. The stock pushed near the $100 mark on more than double its average trading volume, on a fairly subdued, break-even day for the broader…

Formula 1 races will continue on ESPN Networks in the United States through the 2025 season. A new multi-year contract renewal was announced in Austin at the second of two US stops for F1 during the 2022 season. Under the renewal, at least 16 races will air on ABC and ESPN each season, more…

Disney CEO Bob Chapek condemned the violent act of rioters at the U.S. Capitol, noting that Wednesday’s unprecedented fatal events marked “a sad and tragic day for our country, one unlike any other in our history.” “What we saw was an egregious and inexcusable assault on America’s most revered institution and our…

The Disney Cruise Line announced Friday that it has suspended all departures through the end of February. The move continues cutbacks at the company, which has seen layoffs and the end of such vehicles as Radio Disney in recent days, as the pandemic’s fallout ruthlessly attacks the bottom line. Disney Cruise Line said…

The Michael Jackson estate and The Walt Disney Company have settled a copyright lawsuit over the ABC-TV special The Last Days Of Michael Jackson. The Jackson estate’s main lawyer confirmed the settlement. “The dispute with Disney has been amicably resolved,” said attorney Howard Weitzman. Disney has not commented. The…

Ten women across the Walt Disney Company claim that the Bob Iger-run media giant doesn't pay women fairly and are challenging the House of Mouse in court in a proposed class action first launched this spring. However, while fine with fighting a ton of individual actions, Disney are now declaring that the potentially…

ABC’s May 14 upfront presentation is expanding to include the network’s new corporate siblings following the completion of the Disney’s $71.5 billion acquisition of key Fox assets, including FX Networks and National Geographic Networks. The combined Walt Disney Company Upfront event on May 14 will feature ABC, ESPN, Fr…

The life of The Longest Yard and Invincible stuntman Darryl Hammond ended in 2017 with the ex-Arena football player suffering from severe head trauma but today his family went after the Walt Disney Company, Paramount, Columbia as well as the Arena Football League (AFL) for negligence, wrongful death and more. In a…

The Walt Disney Studios crossed the $4 billion mark yesterday at the global box office in record time for the studio, running past its previous record last year by about six weeks. Not surprising this year, the studio was able to crow about its first billion-dollar summer, thanks in large part, to Marvel’s Avengers: Ag…

The deal gives BSkyB exclusive rights to Disney‘s new and classic titles and includes the creation of pay-TV channel Sky Movies Disney, which beings airing March 28, Bloomberg reports. Under the agreement, BSkyB will have first-run rights to the newest Disney films including Brave, Tinker Bell: Secret Of The Wings and…

UPDATED: More media giants are stepping up to aid in the recovery efforts following devastating Hurricane Sandy. Disney announced today it is committing $2 million to the American Red Cross and other organizations working on rebuilding efforts. Viacom also is making $1 million donation. The company says it will donate…

In what is being hailed as a groundbreaking deal and the most comprehensive carriage agreement ever, the Walt Disney Co has signed a long-term pact with Comcast for its entire portfolio of TV networks, including ABC and ESPN. The arrangement covers a total of 70 networks/services that will be delivered to more than 20…