Disney

Disney to begin laying off employees

Layoffs at the Walt Disney Company are reportedly commencing. Disney chief executive Bob Iger told employees in a memo that job cuts started this week.

Disney+ users paid up when the price rose

Disney retained 94% of subscribers from its old, ad-free Disney+ service after a $3 per month price increase, pushing the subscription to $10.99 per month.

Diamond Sports files for bankruptcy with $8B in debt

Sinclair Broadcast Group Inc.'s regional sports business Diamond Sports Group filed for bankruptcy after being unable to service debt. The filing comes three years after a 2019 deal to purchase the business from Walt Disney Co.