No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 30, 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
5 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
TAQA to sell 250MW lignite power plant to India’s MEIL Energy

TAQA to sell 250MW lignite power plant to India’s MEIL Energy

by TheAdviserMagazine
October 30, 2025
0

Abu Dhabi National Energy Company (TAQA) has agreed to sell its entire stake in TAQA Neyveli Power Company to India-based...

edit post
Trinity Industries GAAP EPS of alt=

Trinity Industries GAAP EPS of $0.38, revenue of $454M (NYSE:TRN)

by TheAdviserMagazine
October 30, 2025
0

Trinity Industries press release (TRN): Q3 GAAP EPS of $0.38. Revenue of $454M (-43.2% Y/Y). 2025 Guidance Industry deliveries of...

edit post
AI is the common threat—and the secret sauce—for security startups in the Fortune Cyber 60

AI is the common threat—and the secret sauce—for security startups in the Fortune Cyber 60

by TheAdviserMagazine
October 30, 2025
0

AI is everywhere these days. And cybersecurity is no exception.  A closer look at the latest installment of the Fortune...

edit post
Travel booking co Navan raises 3m on Nasdaq

Travel booking co Navan raises $923m on Nasdaq

by TheAdviserMagazine
October 30, 2025
0

Travel booking company Navan, formerly TripActions, has completed its initial public offering (IPO) on Nasdaq, after pricing its shares...

edit post
Stock-picking key to generating alpha in a sideways market: Mihir Vora

Stock-picking key to generating alpha in a sideways market: Mihir Vora

by TheAdviserMagazine
October 30, 2025
0

As global trade tensions continue to shape investor sentiment, market experts are closely monitoring the prospects of a tariff settlement...

edit post
Groww IPO: Top 5 early investors to pocket Rs 4,340 crore, set for up to 5,135% windfall as fintech unicorn readies for listing

Groww IPO: Top 5 early investors to pocket Rs 4,340 crore, set for up to 5,135% windfall as fintech unicorn readies for listing

by TheAdviserMagazine
October 30, 2025
0

The top five early backers of online brokerage Groww are set to cash out with extraordinary gains as the Bengaluru-based...

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
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 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
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
TAQA to sell 250MW lignite power plant to India’s MEIL Energy

TAQA to sell 250MW lignite power plant to India’s MEIL Energy

0
edit post
High Dividend 50: Cross Timbers Royalty Trust

High Dividend 50: Cross Timbers Royalty Trust

0
edit post
By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work

By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work

0
edit post
US to reduce tariffs on China to 47%

US to reduce tariffs on China to 47%

0
edit post
Groww IPO: Top 5 early investors to pocket Rs 4,340 crore, set for up to 5,135% windfall as fintech unicorn readies for listing

Groww IPO: Top 5 early investors to pocket Rs 4,340 crore, set for up to 5,135% windfall as fintech unicorn readies for listing

0
edit post
The Best New Skills to Learn to Future-Proof Your Career

The Best New Skills to Learn to Future-Proof Your Career

0
edit post
TAQA to sell 250MW lignite power plant to India’s MEIL Energy

TAQA to sell 250MW lignite power plant to India’s MEIL Energy

October 30, 2025
edit post
By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work

By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work

October 30, 2025
edit post
The Best New Skills to Learn to Future-Proof Your Career

The Best New Skills to Learn to Future-Proof Your Career

October 30, 2025
edit post
How Millions of Retirees Get Honest Answers to Medicare Questions — for Free

How Millions of Retirees Get Honest Answers to Medicare Questions — for Free

October 30, 2025
edit post
High Dividend 50: Cross Timbers Royalty Trust

High Dividend 50: Cross Timbers Royalty Trust

October 30, 2025
edit post
Trinity Industries GAAP EPS of alt=

Trinity Industries GAAP EPS of $0.38, revenue of $454M (NYSE:TRN)

October 30, 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

  • TAQA to sell 250MW lignite power plant to India’s MEIL Energy
  • By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work
  • The Best New Skills to Learn to Future-Proof Your Career
  • 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.