New Chairman at Helm: A New Direction for Disney
Disney has been having a tough time lately. Now, it is about to have its fourth board chair in the last three years as the company continues to navigate the challenges presented by the media industry. According to the company, chairman Mark Parker will step down by the end of 2024. Meanwhile, James Gorman, the…
John David
Viewers Feeling the Brunt of the Disney & DirecTV Dispute
There are always disputes in the entertainment industry, and more often than not, the viewers have to pay the price of such disputes. A similar instance occurred on Sunday when many DirecTV subscribers were left without access to popular networks like ESPN and ABC, cutting the viewership of the U.S. Open Tennis championship. The dispute…
Red Drapes Closes On Paramount’s TV Studio As It Bows Out
The job cut fever is riding high, and many big companies are cutting their workforce to ensure a better and more efficient operational capability. Paramount is the next company to follow the suit. The media giant has announced that it will be closing down its television studio and, as a result, will lay off 15%…
After Revenue Numbers, Disney Faces a Bit of a Conundrum
After a long time, Disney returned to profitability in the third quarter of the financial year, thanks to its streaming business, which made money for the first time ever. The profitable quarter can also be attributed to the strong theatrical performance of their new movie, Inside Out 2. The operating income of Disney’s entertainment segment,…