No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 10, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Disney lays off hundreds in film, TV as industry woes linger

by TheAdviserMagazine
4 months ago
in Business
Reading Time: 2 mins read
A A
Disney lays off hundreds in film, TV as industry woes linger
Share on FacebookShare on TwitterShare on LInkedIn



Walt Disney Co. is laying off several hundred employees across its film and TV businesses, cuts that underscore the entertainment industry’s contraction is far from over.

The staff reductions began Monday and are falling on employees in marketing, publicity, casting and development, along with corporate financial operations, according to the company.

Hollywood has been in a cost-cutting mode for several years, with production and employment in a downward spiral. Studios have reduced the number of films they release to boost profitability, particularly with theater attendance still below pre-pandemic levels. Consumers, meanwhile, are cancelling cable-TV subscriptions in favor of streaming services, a shift that crimps advertising and distribution revenue for operators of traditional channels.

The changes are prompting a massive reorganization of the business. Comcast Corp. plans to spin off most of its cable-TV channels, including MSNBC, USA and CNBC, by the end of this year. Warner Bros. Discovery Inc. has also completed an internal restructuring to separate its studio business and its cable-TV operations, which could facilitate a divestment of the latter division. More cuts are expected at Paramount Global as it pursues a merger with independent film and TV studio Skydance Media.

Disney, based in Burbank, California, had earlier weighed divesting its own TV networks including ABC, but ultimately decided to keep the assets. The company announced a retrenchment in February 2023, eliminating 7,000 jobs in a bid to cut expenses by $5.5 billion. Disney later increased that target to $7.5 billion. Competitors have also laid off thousands of workers.

The latest reductions follow roughly 200 job cuts across Disney’s ABC and entertainment TV networks in March. In all, the company has eliminated more than 8,000 positions in recent years as it seeks to improve profitability.

Monday’s layoffs were first reported by the entertainment industry publication Deadline. Disney had about 233,000 employees at the end of its last fiscal year in September, including 76% full time.

Shares of Disney were little changed $112.92 at 3:31 p.m. in New York.

This story was originally featured on Fortune.com



Source link

Tags: Disneyfilmhundredsindustrylayslingerwoes
ShareTweetShare
Previous Post

Market Talk – June 2, 2025

Next Post

Merck held talks to buy biotech MoonLake for over $3 billion, FT reports

Related Posts

edit post
REITs and InvITs offer low-risk, mid-teen returns; ideal horizon is 5-10 years, says Embassy REIT CFO

REITs and InvITs offer low-risk, mid-teen returns; ideal horizon is 5-10 years, says Embassy REIT CFO

by TheAdviserMagazine
October 9, 2025
0

In an era where investors are seeking stable returns without taking on excessive risk, REITs (Real Estate Investment Trusts) and...

edit post
Asian shares: Asian shares dip at open, gold trades below ,000

Asian shares: Asian shares dip at open, gold trades below $4,000

by TheAdviserMagazine
October 9, 2025
0

Asian equities retreated at the open after a rally in US stocks stalled amid concern valuations may have become stretched...

edit post
‘It’s kind of surreal that it happened to us’: Rural West Texas woman witnesses NASA space junk as it lands in her neighbor’s yard

‘It’s kind of surreal that it happened to us’: Rural West Texas woman witnesses NASA space junk as it lands in her neighbor’s yard

by TheAdviserMagazine
October 9, 2025
0

When Ann Walter looked outside her rural West Texas home, she didn’t know what to make of the bulky object...

edit post
Levi Strauss signals 6% organic net revenue growth for 2025 while raising EPS outlook (NYSE:LEVI)

Levi Strauss signals 6% organic net revenue growth for 2025 while raising EPS outlook (NYSE:LEVI)

by TheAdviserMagazine
October 9, 2025
0

Seeking Alpha's Disclaimer: The earnings call insights are compilations of earnings call transcripts and other content available on the Seeking...

edit post
New York AG Letitia James charged in mortgage fraud investigation

New York AG Letitia James charged in mortgage fraud investigation

by TheAdviserMagazine
October 9, 2025
0

New York Attorney General Letitia James was charged Thursday as part of a mortgage fraud investigation aggressively pushed by the Trump administration,...

edit post
Gavin Newsom flexes his own ‘MAHA’ plan as he moves to crack down on ultraprocessed foods in school lunch

Gavin Newsom flexes his own ‘MAHA’ plan as he moves to crack down on ultraprocessed foods in school lunch

by TheAdviserMagazine
October 9, 2025
0

California will phase out certain ultraprocessed foods from school meals over the next decade under a first-in-the-nation law signed Wednesday...

Next Post
edit post
Merck held talks to buy biotech MoonLake for over  billion, FT reports

Merck held talks to buy biotech MoonLake for over $3 billion, FT reports

edit post
Building a multifamily office’s tech: Show Me Your Stack

Building a multifamily office's tech: Show Me Your Stack

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
3 Proven Strategies for Funding Real Estate Investments |

3 Proven Strategies for Funding Real Estate Investments |

0
edit post
Machine Learning and FOMC Statements: What’s the Sentiment?

Machine Learning and FOMC Statements: What’s the Sentiment?

0
edit post
32 Degrees Prime Deals Sale: Up to 80% off Winter Clothing!

32 Degrees Prime Deals Sale: Up to 80% off Winter Clothing!

0
edit post
Zingage Raises .5M to Automate Care Coordination for Home Healthcare Agencies – AlleyWatch

Zingage Raises $12.5M to Automate Care Coordination for Home Healthcare Agencies – AlleyWatch

0
edit post
Global Retail Media Spend To Top 0 Billion By 2030

Global Retail Media Spend To Top $300 Billion By 2030

0
edit post
Merrill, LPL say advisor education is key to AI push

Merrill, LPL say advisor education is key to AI push

0
edit post
XRP Price Struggles Below  as Futures Interest Drops and Whales Dump 440 Million Tokens

XRP Price Struggles Below $3 as Futures Interest Drops and Whales Dump 440 Million Tokens

October 10, 2025
edit post
REITs and InvITs offer low-risk, mid-teen returns; ideal horizon is 5-10 years, says Embassy REIT CFO

REITs and InvITs offer low-risk, mid-teen returns; ideal horizon is 5-10 years, says Embassy REIT CFO

October 9, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Asian shares: Asian shares dip at open, gold trades below ,000

Asian shares: Asian shares dip at open, gold trades below $4,000

October 9, 2025
edit post
‘It’s kind of surreal that it happened to us’: Rural West Texas woman witnesses NASA space junk as it lands in her neighbor’s yard

‘It’s kind of surreal that it happened to us’: Rural West Texas woman witnesses NASA space junk as it lands in her neighbor’s yard

October 9, 2025
edit post
Levi Strauss signals 6% organic net revenue growth for 2025 while raising EPS outlook (NYSE:LEVI)

Levi Strauss signals 6% organic net revenue growth for 2025 while raising EPS outlook (NYSE:LEVI)

October 9, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • XRP Price Struggles Below $3 as Futures Interest Drops and Whales Dump 440 Million Tokens
  • REITs and InvITs offer low-risk, mid-teen returns; ideal horizon is 5-10 years, says Embassy REIT CFO
  • Baby Boomers Are Flocking to This Florida Town — but Not for the Weather
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.