Disney’s live action movies are huge money makers!
24.04.2023 - 13:15 / deadline.com
Disney is initiating the second and largest round of its planned layoffs Monday and expects to reach 4,000 of its projected 7,000 staff cuts by Thursday.
A staff memo from Disney Entertainment Co-Chairmen Alan Bergman and Dana Walden (read it below) delivered the news, indicating that affected workers would be notified from now through Thursday. A final round will take effect before the start of summer. “These are hard decisions and not ones we take lightly – but every decision has been made with considerable thought, and we are doing everything we can to make sure this process is conducted with respect and compassion,” the execs wrote.
This week’s staff reductions have been anticipated for weeks, with workers referring to it as “the big one” or, more ominously, a “bloodbath,” as Deadline has reported. The initial wave began on March 27.
The company said last February it expects to realize $5.5 billion in cost savings as a result of the layoffs and other austerity measures. ESPN and Parks, Experiences and Products, the other two corporate divisions, will see staff cuts along with Entertainment. No frontline operational workers at the company’s theme parks are expected to lose their jobs, however.
CEO Bob Iger began outlining plans for downsizing soon after returning to the top job last November. One area targeted for cuts has been the centralized distribution organization created by his predecessor, Bob Chapek. Kareem Daniel, who led Disney Media and Entertainment Distribution, was let go from the company on Iger’s first official day back at the controls following Chapek’s ouster.
Like its peers in the media business, Disney is contending with secular decline in its lucrative pay-TV business at the same time it is
Disney’s live action movies are huge money makers!
The gloves are off, when it comes to the ongoing brouhaha between Disney CEO Bob Iger and Florida Governor Ron DeSantis, which has reached a crescendo with Disney suing the governor last month and the governor suing back. “This is about one thing and one thing only and that’s retaliating against us for taking a position about pending legislation. And we believe that in as taking that position, we are merely exercising our right to free speech.
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Vulture reported on Tuesday.The return to its prized slot on the network comes just a year after it became the first live series hosted on Disney+.At the time, the move was justified by Disney’s desperation to expand their “demographic reach” as well as an upcoming Monday Night Football schedule that would trump the tenured dance competition. “The show’s broad appeal, as well as the overwhelming popularity of its Disney-themed competition nights, make Disney+ the perfect home for ‘Dancing With the Stars’ while continuing to expand our demographic reach,” Kareem Daniel, the former chairman of now-defunct Disney Media and Entertainment Distribution division, said at the time.The transition followed a major shakeup in the last few years, which included the exit of executive producer Andrew Llinares who oversaw the replacement of co-host Tom Bergeron with Tyra Banks for Season 29.Now, “DWTS” veteran Julianne Hough will replace the notorious supermodel as co-host alongside Alfonso Ribeiro for the upcoming season, which is slated to air this fall.The competition’s return to its coveted slot on ABC has not been officially announced by the network nor Disney, but Vulture reports that Disney+ subscribers will have the best of both worlds: the episodes will continue to be live-streamed via the platform, in addition to being available next-day on Hulu.Carrie Ann Inaba, Bruno Tonioli and Derek Hough will return as judges in the upcoming season, but without their legendary fourth panelist Len Goodman.
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Do we have Bob Iger to thank for this? Dana Walden? Whoever made the decision, the fringe fans thank you: Dancing with the Stars is moving back to ABC, Deadline has learned.
unable to reach a deal in contract negotiations with the Alliance of Motion Picture and Television Producers.The guild has shared an infographic that outlines the $773 million in combined salary that eight major Hollywood studio CEOs made in 2021. They include Endeavor CEO Ari Emanuel ($308.2 million), Warner Bros.
Disney’s seemingly successful efforts to outfox Florida Gov. Ron DeSantis’ power grab to control the area around Disney World are “not even worth the paper they were printed on,” according to a countersuit filed Monday by the GOP presidential aspirant’s replacement board.
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Real dough. Real Housewives of Miami star Lisa Hochstein achieved a legal victory in her ongoing divorce battle with estranged husband Lenny Hochstein.
Damn.The complaint, Disney says, is a direct response to DeSantis’ most recent overture to “void” “publicly noted and duly agreed upon contracts,” which Disney outlined in a meeting of the Reedy Creek Improvement District (their name for the governing body that Disney established in 1967) that happened before DeSantis’ takeover. “Disney regrets that it has come to this,” the complaint reads.
EXCLUSIVE: As Disney cuts 4K staffers across the conglomerate in a goal to reach $5.5 billion in savings, Deadline has learned that on the feature side, those being laid off were largely comprised of mid-level and coordinator staffers.
Rumer Willis is a mom!
Veteran marketing executive Steven Melnick is leaving Disney Television Studios. His position was eliminated during day 1 of Disney’s second wave of layoffs.
introduced in February by CEO Bob Iger, indicating that a third and final round of the layoffs is expected to bring them to that mark before the summer. “These are hard decisions and not ones we take lightly — but every decision has been made with considerable thought,” Walden and Bergman said in the memo.
Jennifer Maas TV Business Writer In a months-long goal to reach 7,000 job cuts total, Disney will begin its second round of layoffs of the year today. The notifications will be handed out to staff through Thursday, concluding with approximately 4,000 job eliminations completed overall by week’s end, according to company officials. While the Disney workforce will be reduced by thousands across divisions Disney Entertainment, ESPN, and Disney Parks, Experiences and Products (hourly frontline operations roles at Parks and Resorts will not be affected), and locations from Burbank to New York and Connecticut, there are still more layoffs to come. According to Disney, a third and final wave of cuts is expected to begin ahead of the summer, which will bring the Mouse House to its 7,000 layoffs target. (The figure represents 3.2% of Disney’s total headcount of about 220,000 worldwide as of Oct. 1, 2022.)
Holly Willoughby has dazzled fans with her spring-ready look as she finally returned to This Morning alongside Phillip Schofield. The presenter has been away from the programme for a number of weeks as her planned return was hit by a setback when she fell ill.