Disney is preparing to lay off 32,000 employees as the coronavirus pandemic continues to keep visitors away from theme parks.
Most of those layoffs would come from Disney’s parks, experiences and products division, according to a report Disney filed with the Securities and Exchange Commission Wednesday. The company announced in September that it would lay off 28,000 layoffs, but those pertained largely to part-time employees.
Read More
Walt Disney Co. reported fiscal fourth-quarter loss on Thursday thanks largely to changes related to the COVID-19 pandemic. Its earnings were dragged by costs from restructuring related to its streaming services and lost revenue from its California theme parks, which remain closed amid surging coronavirus cases in the U.S.
Read More
Video app TikTok said it will wage a legal fight against the Trump Administration’s efforts to ban the popular, Chinese-owned service over national-security concerns.
TikTok, which is owned by China’s ByteDance, insisted Monday that it is not a national-security threat and that the government is acting without evidence or due process. The company said it will file suit against the government later Monday in federal court in California. A copy of the complaint could not be obtained.
Read More
MyPillow CEO Mike Lindell said he won’t join other major companies in boycotting Tucker Carlson’s prime-time show on Fox News.
“MyPillow is not changing its advertising. I make all my advertising decisions based on what is best for my customers and my employees,” Lindell said in a statement provided to Newsweek. “MyPillow believes all lives matter and values all our employees and customers, treating them like family.”
Read More
When Disney bought Lucasfilm in 2012, they quickly made their intentions for the universe as a whole very clear. A new Star Wars film every two to three years and further adventures into television as well.
Read More
On a hot mic, ABC News reporter Amy Robach recently alleged in a video revealed by Project Veritas, that ABC News, which is owned by Disney, covered up the Jeffrey Epstein story three years ago.
Read More